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How much did ge pay last year? a big fat zero, right? zero. can we put up the chart about what percentage of the government's revenue has come from corporate tax, personal tax, payroll tax over time? the government's bill is being paid by regressive payroll taxes and by the individual income tax, which is basically that flat tax now in terms of proportion out. the corporate tax is not paid by big corporations. you agree with that. ge doesn't pay 35%. >> on the margin, they end up paying -- >> take a look at this chart. no, they don't. ge pays zero. look at this chart, you will see payroll taxe...

It seems like one because we don't hear about it unless somebody tries to bring it out, but you know, unless -- unless charlie sheen is hiding patents in his pockets, nobody knows about it nobody cares. >> and it goes to -- we had somebody from london on the show a few days ago, weeks ago, saying we calculate gdp completely wrong insofar as, for instance, an oil spill goes down as a gdp net positive because you have to spend money to clean it up. there are a lot of things that we calculate as economic positives that are utterly destructive to human beings and our universe. is the ability for a...

Republicans who even say you can't raise the taxes for general electric, that will stifle the economy, stifle economic growth, not encourage general electric to hire people all that kind of stuff. increasingly i'm hearing from republicans, a lot of republicans including some conservative republicans you got to do something about the fact that a company like ge doesn't pay any tax. >> the argument is that every dollar that you tax is a dollar that either a corporation or an individual can't otherwise employ and i way that makes the economy stronger, lex, cnn money routinely surveys economists. ...

So for example general electric they made a profit last year worldwide of about $14 billion. in the united states alone they make a profit of about $5 billion. now how much federal tax did general electric pay as a result? let's just say the $5 billion profit that general electric made in the united states. you know how much? you know how much tax they pay? zero. they paid a lot less tax than you did, than i did, virtually any of our viewers that pay income tax. they paid nothing. the democrats think this is outrageous even some republicans are saying you have to change that corporate structur...

Let's get in our time machine and head back to 2007. urging them for 5%. chris dodd said that would "effectively bar most shareholders." the group insisting this threshold should be eliminated. well, chris dodd. there's a letter. needless to say. quick fast forward, three years later. out of nowhere in the middle of tp financial reform debate, chris dodd walk this is the room with a piece of paper demanding we create the loophole to allow the elimination of shareholder rights. the largest shareholder at ge doesn't own 5% of the company.