Bailed-out AIG wants $30.2 million in tax interest

Headlines: Welcome to Looney News!

I don't read Corporate Lies News, but this one caught my attention. I got to share it to my fellow G+'s and of course, with my lovely awake readers as well. #FreeYourMind

Laughter is the best medicine! Albeit, at the end of the day, spoiled AIG CEO would get what they are asking for. After all, they run our compassionate government, right! DO NOT be a #HumanRoBOT

I say, please have mercy on CEO’s earning at least thousand dollars per hour… They are only asking $30.2 million dollars of taxpayer's money, anyway. That’s not much compared to $2 Billion of J.P. Morgan lost on betting people’s money.

There goes our tax dollars; at least we know now where our SOME tax dollars go.

Bailed-out AIG wants $30.2 million in tax interest!
By The Associated Press

American International Group, the insurance giant saved by a massive federal bailout, says it wants some tax money back — from 1991.

AIG is suing in Federal Claims Court in Washington for $30.2 million. It says that's how much interest is owed from an overpayment 21 years ago.

The company says it underpaid its taxes in the late 1990s. But it claims it overpaid in 1991, so the interest owed in the various tax disputes works out in AIG's favor.

AIG says it filed the lawsuit on Thursday because the statute of limitations on its claims was about to run out.

The Internal Revenue Service is run by the Treasury Department, which also owns about 70 percent of AIG common stock. AIG still owes about $17.5 billion to the government.

Source: http://ow.ly/c4sr6

Peace, Truth & Freedom
KCPy