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Re: paideia post# 5711

Saturday, 12/02/2017 8:00:58 AM

Saturday, December 02, 2017 8:00:58 AM

Post# of 8795
The state NOLs aren’t necessary because there is no state tax in Delaware. By reincorporating in Delaware it’s like P10 has unlimited tax free income, so if they profited $1 billion they won’t pay taxes on the state level. State NOLs have never been anything of value at all. Even in higher taxes states the rate is so low that they aren’t given a second look. For example Texas, has a 1% corporate tax rate, not worth the effort of trying to “unlock the value”....

idleness is the only refugee of weak minds

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