Not sure about the others but that is the case for GE. They got reamed by the recession and are about done carrying their losses forward. It may be annoying a

Not sure about the others but that is the case for GE. They got reamed by the recession and are about done carrying their losses forward. It may be annoying and look really bad but I would rather have a company be taxed on their net earnings over several years than be punished for having fluctuating earnings. (Especially since start-ups tend to lose money for a few years before making profits)