The CFC

19 Jun 2011

cognitivedissonance:

This past month, there was much outrage over the fact that General Electric, despite making $14.2 billion in profits, paid zero U.S. taxes in 2010. General Electric actually received tax credits of $3.2 billion from American taxpayers.

At the same time that General Electric was not paying taxes, many undocumented immigrants, who are typically accused of taking advantage of the system while not contributing to it by many on the right, paid $11.2 billion in taxes. A new study by the Institute for Taxation and Economic Policy shows that undocumented immigrants paid $8.4 billion in sales taxes, $1.6 billion in property taxes, and $1.2 billion in personal income taxes last year. The study also estimates that nearly half of all undocumented immigrants pay income taxes.

Huh… so who’s gaming the system again?

  1. drue-reblogs reblogged this from stfuconservatives
  2. mosesparter reblogged this from marxist-feminism and added:
    AND….just in case you need a reminder that immigrants aren’t bad, here you go, Readers.
  3. my-love-highway reblogged this from robot-heart-politics and added:
    Then we should deport big businesses that go without taxes!!! Oh wait, it’s called outsourcing…-_-
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  18. spangled-suit reblogged this from rubella and added:
    WHAAAAAATTTTT. THIS IS RIDICULOUS. Ridiculous.
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    This past month, there was much outrage over the fact that General Electric, despite making $14.2 billion in profits,...
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