Saturday, February 18, 2012
Well....Long Green!!!!!!
General Electric recently announced the likely purchase of thousands of Chevrolet Volts from General Motors which recently posted record profits. General Electric is in a losses carry forward situation to the extent that their US tax liability have been effectively zero. Interesting to note that purchase of a Volt qualifies the purchaser for a $10,000 tax credit. And interesting to note, GM pays no corporate income taxes. All of this, of course, under the approving eyes of the administration. An administration that is starting to look silly with its populist messages and the (C)ompany (ies) it REALLY keeps! Sixe does make a difference.
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