17 Replies to “Let Me Fix That Headline For You”

  1. So.. they didn’t pay taxes on $5 billion domestically? So.. that would have been about what.. $1 billion and change in tax revenue? I wonder what it must be like to live in a country with a massive left wing broadcaster that screws that taxpayer out of over a billion every year.

  2. It really is a non story. GE lost enough the previous two years to more than offset last years profit .They, as any other corp in that situation, should not have paid taxes last year.

  3. Also overlooked in the Washington Post Lifestyles section… the japanese nuclear reactors currently not producing electricity but causing thousands of folks to start eating iodine pills like it was Red Bull additive, were designed by General Electric.
    Yes, I know it’s just a water problem.. it could have happened anywhere.
    This idea of having NBC not report on their papa’s sickness worked just swell for Pravda’s owner’s too, back in the day.

  4. “The satirical ‘Daily Show’ on Monday noted that ‘Nightly News’ had time on Friday to squeeze in a story about the Oxford English Dictionary adding such terms as ‘OMG’ and ‘muffin top,’ but didn’t bother with the GE story.”
    It’s just a matter of time constraints, IMO.

  5. It’s so unusual for one media outlet to openly criticize another, I was pleasantly surprised. Then I saw where they put it.

  6. I’m sick not from radiation poisoning (I live on the BC coast) but from the hype and over-the-top media scare of the situation.
    Give me the numbers in micro savants note the micro it means eat a banana or change the battery in your smoke detector and you’re radiated.
    These retards need to be shut down.
    The only radioactive threat is the MSM fear mongers selling ignorance.
    Too bad people are buying.

  7. Geez. I didn’t notice that it was in the *Lifestyle* section – I thought the whole main-page mock-up here was a Kate creation.
    The lesson? Don’t ever neglect Kate titles/headlines.
    But yeah, it does pretty much submarine whatever credit WAPO might otherwise get for breaking the journalistic omertà.

  8. I read a story the other day that stated Immelt was a conservative, must have went to the same school as Trump the Rump

  11. “The problem for any news organization is death by a thousand daggers.”
    As with many of Kate’s picks from the MSM it pays to read the whole thing!

  12. As my accountant pointed out to me once, the best way to get off paying income tax is to have massive losses the year before.
    I personally have never had the misfortune to pay no income tax though I came close once due to owning a chunk of Nortel stock.

  13. But why is the New York Times and this so called “liberal media watchdog group” going after “one of their own”?
    Is this a shot across the bow to warn them that they better step up their enthusiasm for the leftist cause?
    Or are all the rats morphing in to cannibals?

  14. – – just another day in the United Snakes Oligarchy. Makes our old boys club seem like a church bake sale.

  15. From the NY Times article (nytimes.com/2011/03/25/business/economy/25tax.html?_r=1&pagewanted=all):
    “In the mid-1980s, President Ronald Reagan overhauled the tax system after learning that G.E. — a company for which he had once worked as a commercial pitchman — was among dozens of corporations that had used accounting gamesmanship to avoid paying any taxes. “I didn’t realize things had gotten that far out of line,” Mr. Reagan told the Treasury secretary, Donald T. Regan, according to Mr. Regan’s 1988 memoir. The president supported a change that closed loopholes and required G.E. to pay a far higher effective rate, up to 32.5 percent.”
    […]
    ““Cracking down on offshore profit-shifting by financial companies like G.E. was one of the important achievements of President Reagan’s 1986 Tax Reform Act,” said Robert S. McIntyre, director of the liberal group Citizens for Tax Justice, who played a key role in those changes. “The fact that Congress was snookered into undermining that reform at the behest of companies like G.E. is an insult not just to Reagan, but to all the ordinary American taxpayers who have to foot the bill for G.E.’s rampant tax sheltering.””
    […]
    “While G.E.’s declining tax rates have bolstered profits and helped the company continue paying dividends to shareholders during the economic downturn, some tax experts question what taxpayers are getting in return. Since 2002, the company has eliminated a fifth of its work force in the United States while increasing overseas employment. In that time, G.E.’s accumulated offshore profits have risen to $92 billion from $15 billion.”
    When “lefties” in the US complain that corporate taxes are too low, this is what they’re talking about — not the official tax rate, but what corporations actually pay.

  16. When “lefties” in the US complain that corporate taxes are too low, this is what they’re talking about — not the official tax rate, but what corporations actually pay.
    Too bad Lefties never talk about the spending problem.

  17. Well, the Style section is where the Washington Post prints their TV columns and listings, so if you consider this a “TV article” it *is* in the right place. But you’re either a moron or liberal (redundant?) to actually think that way.

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