I just read GE filed a 57,000 page tax return.....

[Guerilla poster]

That is an efficient use of resources

[Runner]

It's hard not to pay taxes.

[RazorGuns]

one way to avoid audits. Make your tax return soooooo huge - that it's impossible for IRS to dedicate resources to audit and even more impossible for a judge to take on the case and want to read through all that just to render a verdict!

Joe Cheeseburgers with 3-4 page returns are FAR easier to audit!

[MountainHawk]

GE runs the tax accounting department as a profit center. They find more in tax credits than they cost, so it is an efficient use of their resources, no?

[Guerilla poster]

Originally Posted by MountainHawk

GE runs the tax accounting department as a profit center. They find more in tax credits than they cost, so it is an efficient use of their resources, no?

for them, yes, for the country not sure

[Abnormal]

Originally Posted by Guerilla poster

for them, yes, for the country not sure

Now if only the tax code were simplified.

How much did you make? Give it to us.

[Guerilla poster]

eliminate corporate taxes,imo. as well as all corporate tax credits and subsidies

[Uncle Ted]

Originally Posted by Guerilla poster

eliminate corporate taxes,imo. as well as all corporate tax credits and subsidies

Would be interesting, eliminate corporate taxes, double (or whatever) taxes on cap gains/dividends etc. Wonder what the market would do the day that announcement came out.

[FormLetter]

go down

[erosewater]

Ridiculously complicated tax law is a jobs program. How many lawyers and accountants would be out of work if we eliminated corporate income tax?