Christine Harper

Maddow Frustrated by Lower Goldman Sachs Tax Rate, Leaves Words Out of Bank’s Earnings Report

In an attempt to play Main Street against Wall Street, Rachel Maddow mocked and criticized the rate at which Goldman Sachs was taxed this year.

The MSNBC host of "The Rachel Maddow Show" lamented that the investment bank Goldman Sachs, which reported a $2.12 billion dollar loss for the fourth quarter ending Nov. 28, paid only 1 percent in taxes for the entire year during her Dec. 18 show.

"Five pages into Goldman's earnings report this week, Bloomberg News noticed Goldman's very subtle announcement that the firm's effective tax rate this year was 1 percent," Maddow said. "One percent - they paid 1 percent in taxes. Even though they were down this last quarter, they made $2.3 billion in profit this year."