With April 15 looming large for all us private citizens, here is a little food for thought.
Verizon Communications
Profits: $19.8 billion Effective tax rate: -3.8%
General Electric
Profits: $19.6 billion Effective tax rate: -18.9%
Boeing
Profits: $14.8 billion Effective tax rate: -5.5%
Pacific Gas & Electric
Profits: $6 billion Effective tax rate: -8.4%
The negative number indicates government subsidies.
I have two questions: 1) How can I get in on the no tax deal? 2) How can I get subsidized by the Federal Government.