Tuesday, January 24, 2012

Walker strips future state revenues with corporate tax welfare. Like GE.

GE is one of the biggest corporate freeloaders state wide and federally. Take a look at the sales taxes they ended up not paying over the years in the chart below:

From the Institute for Wisconsin's Future
Thanks to new legislation signed into law by Gov. Walker last year, the official 7.9% income tax rate on corporations is in effect, being slashed to 0.4% by 2017, GE can look forward to a tax-free longer term future. 

Check out the coverage of the recent GE protest here.

No comments:

Post a Comment