According to Forbes.com, I should be angry that General Electric pays less taxes than I do:

As you work on your taxes this month, here’s something to raise your hackles: Some of the world’s biggest, most profitable corporations enjoy a far lower tax rate than you do–that is, if they pay taxes at all.

The most egregious example is General Electric. Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.

Avoiding taxes is nothing new for General Electric. In 2008 its effective tax rate was 5.3%; in 2007 it was 15%. The marginal U.S. corporate rate is 35%.

Actually I am less than pleased with GE, but that’s because they possess hefty military contracts that allow our brave freedom fighters to slaughter poor brown people overseas, or whoever else refuses to submit to the empire.  They are, in Lew Rockwell’s words, true merchants of death, one of the worst examples of corporatism in the American economy.

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