Occupy GE

[Hermod]

It appears that GE has done nothing illegal in keeping their corporate taxes low.

GE corporate income tax rate varied between 15.5% nd 21.7% during the years 2002 to 2007.

Because of some really bad decisions at the GE Capital division [[they thought they were a bank) the income tax rate dipped to 5.5% in 2008.

In 2009, GE paid no income taxes [[carryover of losses from GE Capital)

In 2010, GE paid income tax at the rate of 7.4%.

In 2011, the tax rate shot up to 27.4%.

They forecast rates of 25% going into the future.

GE stock is still selling at less than half what it did in 2007.