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contrarian bull

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contrarian bull

Re: Barron4664 post# 438991

Thursday, 11/30/2017 1:36:18 PM

Thursday, November 30, 2017 1:36:18 PM

Post# of 800520

taxes on 100% net worth like 130% net-worth



Yep. They have been taking more than just their profits. They have been taking their pre-conservatorship net worth, their cash settlements for damages by others - even from prior to the conservatorship, and some of their DTA's each quarter.

F&F do not pay taxes in cash - they use their previous tax losses to offset profits thus reducing their DTA's.

So - it is much worse than a 100% tax...
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