At the same time, Goldman Sachs reports that while it paid $6 billion in taxes in 2007, it will pay only $14 million in 2008. How was this accomplished?
Goldman Sachs, which today reported its first quarterly loss since going public in 1999, lowered its rate with more tax credits as a percentage of earnings and because of “changes in geographic earnings mix,” the company said.
That "changes in geographic earning mix" means that they are taking taxpayer money and hiding it offshore.
They have gone well past just eating our lunch.
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