How is it you pay more to the IRS than General Electric? http://www.forbes.com/2010/04/01/ge-exxon-walmart-business-washington-corporate-taxes.html

Last year General Electric, the IRS’s biggest client, generated $10.3 billion in pretax income, but ended up owing no taxes. In fact, it collected a tax benefit of $1.1 billion. How does GE do it? By splitting itself into GE and GE Capital. In 2009, GE Capital lost $6.5 billion in the US and made $4.3 billion overseas. Not only do the U.S. losses offset overseas gains, but GE can defer taxes on that overseas income indefinitely.

The tax benefit of overseas operations is the biggest reason why multinationals end up with lower tax rates than the rest of us. Forbes.com says corporations are getting smarter, not just about doing more business in low-tax countries, but in moving their more valuable assets there as well. Tax economist Martin Sullivan says as a result, companies are depriving the U.S. Treasury of $28 billion a year