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GE is incorporated in New York not Delaware. GE pays NY state franchise taxes not Delaware. Overall, GE paid $2.7 billion in income tax in 2010 and over $1 bil
by bugsy 16y ago
GE is incorporated in New York not Delaware. GE pays NY state franchise taxes not Delaware.
Overall, GE paid $2.7 billion in income tax in 2010 and over $1 billion in payroll, state and local sales and property taxes.
- rosenjon 16y agoOk, but what's your point? On $19 Billion in profit, they paid no federal income tax. I made substantially less than $19B last year, and I paid both state and federal income tax. Also, if you read the article I posted on G.E., it talks about how you can write off up to $10,000 in start-up costs on your taxes. I think this may be for the company, not the individual, so maybe that doesn't help in a dissolution. However, my overall point was simply that professionals know about all these loopholes, regular Joe start-up guy does not. So go see someone who knows what they're talking about.