General Electric tax rate: 2.3 percent

The Huffington Post:

A new analysis of the mega-corporation's tax filings shows that 2.3 percent of GE's pre-tax profits have gone to the federal government since 2002. That bears repeating: GE has paid an average tax rate of just 2.3 percent over the past decade, according to an analysis by the non-profit advocacy group Citizens for Tax Justice.

If you'll think back to your high school math classes, you'll recall that 2.3 percent is less than 35 percent. That means GE is paying well below the top marginal corporate tax rate of 35 percent -- the same tax rate that business leaders, politicians and conservative commentators have repeatedly deplored as high enough to impede economic growth.

The analysis adds ups GE's profit in the years since 2002, which come to more than $81 billion, and sets it against the company's tax history over the same period.

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