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AP Falls for Hoax that GE Will Donate $3 Billion Tax Refund

Someone—we're pretty sure it's the The Yes Men—issued a convincing press release this morning saying GE will return the money to save jobs.

[UPDATE: This was done "in conjunction with" the Yes Men, by a tax group called U.S. Uncut. "The Yes Men were advising on this project. I'm very close with them," Andrew Boyd, of the group told WNYC's Brian Lehrer Show]

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You Paid More in Taxes than America's Largest Corporation How American Corporations Pay No Taxes in 2010

As you prepare your 2010 taxes, consider this: if you pay even one penny, you'll be paying more than General Electric.


If you pay taxes at all, even one penny, then you paid more to Uncle Sam than a multi-billion dollar company according to the The New York Times.

General Electric, what the Times calls America's largest corporation, paid no taxes at all in 2010 despite global pre-tax income of more than $14 billion.

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