GE tax rate , read this and tell me why GE is laying off ? 1% are you kidding me ???

Company Ticker Median effective income-tax rate - past five reported quarters

UnitedHealth Group Inc. US:UNH 40%

Home Depot Inc. US:HD 36%

Verizon Communications Inc. US:VZ 34%

Walt Disney Co. US:DIS 33%

McDonald's Corp. US:MCD 33%

American Express Co. US:AXP 32%

Wal-Mart Stores Inc. US:WMT 31%

Visa Inc. Class A US:V 29%

3M Co. US:MMM 28%

Caterpillar Inc. US:CAT 28%

J.P. Morgan Chase & Co. US:JPM 28%

Goldman Sachs Group Inc. US:GS 27%

United Technologies Corp. US:UTX 26%

Apple Inc. US:AAPL 26%

Travelers Cos. US:TRV 25%

Boeing Co. US:BA 24%

Procter & Gamble Co. US:PG 23%

DowDuPont Inc. US:DWDP 22%

Intel Corp. US:INTC 22%

Exxon Mobil Corp. US:XOM 21%

Coca-Cola Co. US:KO 21%

Cisco Systems Inc. US:CSCO 21%

Merck & Co. US:MRK 21%

Johnson & Johnson US:JNJ 19%

Pfizer Inc. US:PFE 18%

Chevron Corp. US:CVX 14%

Nike Inc. Class B US:NKE 14%

Microsoft Corp. US:MSFT 12%

International Business Machines Corp. US:IBM 10%

General Electric Co US:GE 1%

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It's funny after working for GE for 30 years... They would BRAG about 17 quarters of double digit growth while paying NO TAXES. Jeff ran the company into the ground! GE stock split 3 for 1 in 2000. Stock has NEVER been even close to the new split value. 152/3 around 50 dollars a share. Both parties let it happen.

GE pulls the same crap over and over. Promise hundreds of jobs will be created, for a tax tax break. Then over time the company does not deliver jobs or the demand for the jobs. In ~ 4 years the planned jobs get cut. Even worse, GE decides to pick up sticks and move completely to lower cost region in the world. If I were the localities offering these breaks , I would ask for the tax revenue back that was lost if GE does not hit it committed goals on jobs promised. If you want to watch a company deliver on adding jobs take look at Amazon. GE should take a few pages from their growth book.

GE is in bed with governments. There is no way a company could operate as inefficiently as GE without some sort of welfare structure.

Thread regarding General Electric Co. layoffs

GE tax rate , read this and tell me why GE is laying off ? 1% are you kidding me ???

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