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World sounds bad these corporations like g.e. don t pay any taxes? g.e. literally doesn t pay any taxes or it didn t two years ago. did a little better last year. i don t know if that s jeffrey immelt as ceo working with president obama. they upped it a little bit. effective tax rate for corporate america depending on how you calculate it runs anywhere from 12.5 to 26%. bill: that s reasonable, right? that s reasonable. bill: flat tax it and knock out all the loopholes or keep the loopholes and they pay 12 to 26. exactly. another little factor in here never discussed. that is american corporations aren t paying a back tax. the european countries,. vat. right, value-added taxes. contribute more than they contribute to theirs. in taxes, certainly. bill: american corporations have a pretty good deal. they have a pretty good deal. you have payroll taxes to add ....

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