Tuesday, December 16, 2008

Goldman Sachs paying a 1% tax rate is marbles

Granted, it wouldn't make sense if they had to give their $10B bailout gift right back to Uncle Sam come April, but for Goldman to go from paying $6B in taxes last year to $14M this year (that's a drop in tax rate from 34% to 1%, for those keeping score at home) is a little suspicious. Hell, even tax lawyers think so.

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