But does GE actually pay taxes?
Or do they just pass those taxes along to their customers buried in the prices of their products? I contend the latter is true. If you buy a GE lightbulb, how much of the price is taxes passed on to the consumer? Some economists estimate that the costs of corporate taxes and regulatory compliance are as much as 40% of a product price. If you live in a state with sales tax, you get the added burden of paying tax on the tax component of the product price.
Those who keep harping about corporations not paying their "fair share", whatever that means, are really just wanting corporations to act as surrogate tax collectors for the state. Corporate taxes become a factor in product prices just like labor, materials, R&D, energy prices, etc.