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The Wall Street Journal is reporting that General Motors won’t have to pay federal taxes on up to $50 billion in profit, thanks to a provision of its government bailout.GM may use these tax-loss carry-forwards for up to 20 years, the Journal reported, citing people familiar with the situation.Based on the standard federal corporate tax rate of 35%, the tax break is potentially worth $17.5 billion to GM, not including tax deductions.