Bank of America made $1.6 billion, GE made $5.1 billion, CitiBank made $6.6 billion and Verizon made $8.4 billion. To thank these corporations for campaign contributions, politicians created loopholes to allow these corporations to pay zero taxes. Actually it is worse. They got money back — Verizon got $1.3 billion, GE got$3.2 billion, and Citibank got $476 billion. And Republicans have the gall to bleat the tax rates for these corporations are cripplingly high. source.
~ Roedy (born: 1948-02-04 age: 64)