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Peter Lanza Father Of Adam Lanza Is The Tax Director For General Electric!

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Peter Lanza

Tax Director and Vice President – Taxes at GE Energy Financial Services

http://www.linkedin.com/pub/peter-lanza/11/515/83b

GUESS WHICH COMPANY PAID $0 IN TAXES (ON $14.2 BILLION IN PROFITS)? HINT: ITS CEO WORKS FOR OBAMA

Half of all Americans don’t pay federal taxes on their income. And neither, apparently, does General Electric, the multi-national company that reaped $14.2 billion in profits last year. Though G.E. is the largest corporation in the U.S., it did not have to pay a dime in U.S. taxes, according to the New York Times. In fact, the company claimed $3.2 billion in tax benefits.

“That may be hard to fathom for the millions of American business owners and households now preparing their own returns, but low taxes are nothing new for G.E. The company has been cutting the percentage of its American profits paid to the Internal Revenue Service for years, resulting in a far lower rate than at most multinational companies.Continued below.

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Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore. G.E.’s giant tax department, led by a bow-tied former Treasury official named John Samuels, is often referred to as the world’s best tax law firm. Indeed, the company’s slogan “Imagination at Work” fits this department well. The team includes former officials not just from the Treasury, but also from the I.R.S. and virtually all the tax-writing committees in Congress.”

According to the Times, “one of the most striking advantages of General Electric is its ability to lobby for, win and take advantage of tax breaks.”

These tax breaks are incredibly important to G.E.–so important that G.E.’s head tax man got down on his knees and begged Rep. Charles Rangel to let a particularly lucrative one extend past its expiration date in 2008:


Read more at http://investmentwatchblog.com/peter-lanza-father-of-adam-lanza-is-the-tax-director-for-general-electric/#kuF3BVw42joOxrDI.99



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    Total 7 comments
    • F16JetJock

      Indeed, General Electric DID pay their fair share of unconstitutional Marxist progressive income taxes!! Just ask their employees and shareholders who paid tens of millions of income taxes by distraint on their respective GE salaries/wages and dividends earnings. Consequently, Editor, are you in favor of double income taxation??

      Just to iterate, corporate earnings are taxable. However, salaries and wages for labor are NOT taxable according to the strict interpretation of 26 USC and the Constitution. Perhaps a case of the “dog waging the tail”?

    • WarriorClass

      When violent shootings take place, honest journalists are forced to ask the question: “Does this fit the pattern of other staged shootings?” “Is there a mysterious ‘second suspect’ that disappears from coverage?” “Is the shooter mentally disabled and under mind control?” “Did the feds take over the investigation from the local police?” “Was this a false flag?” “Who benefits?”

    • dgh

      So what. leave him alone. Sick like sharks after blood.

    • McElchap

      Is it not strange that both the dead shooter Adam Lanza in Connecticut and the alleged shooter Holmes in Aurora, Colorado, had fathers who were ranking corporate financial officers due to testify in the HUGE LIBOR scandal? Is anyone looking into this as corporate pressure of the most foul leverage? Looks very suspicious to me, and psychotropic drugs and psychiatry were involved in both mass murderers’ circumstances. Were the fathers of Holmes and Lanza silenced by the horrific crimes crushing their families? :idea:

    • Anonymous

      I’m saying it like McElchap

    • terry the censor

      So threatening their family members WOULDN’T work to silence them but killing their family members WOULD work?

      I’d think if someone killed my son, nothing would keep me from striking back.

      • DeDukshen

        What about the death of your other son? They always leave more leverage, to avoid the situation you described, and when they run out of leverage, they just kill you (as per JFK).

        These are skilled assassins – they know what they are doing. Also the people they are after have also been put into situations (illegal ones like partaking in some “nasty” stuff for pleasure) strictly for the purpose of leverage later on down the road.

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