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Tuesday, February 28, 2012

Over Last 10 Years, General Electric’s Effective Tax Rate Was 2.3 Percent

– From 2006 to 2011, GE’s net federal income taxes have been negative $2.7 billion, despite $39.2 billion in pretax U.S. profits over the six years.

– Over the past decade, GE’s effective federal income tax rate on its $81.2 billion in pretax U.S. profits has been at most 2.3 percent.

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