The Rising Influence of Rising Affluence

[DewDiligence]

Re: CLF income taxes (correction to #msg-137975722)

CLF will receive ~$250M* of cash refunds from the IRS during 2018-2022 (inclusive) as follows:

 2018:  $10M  
 2019: $120M  
 2020:  $60M  
 2021:  $30M  
 2022:  $30M

These cash refunds stem from the elimination of the AMT in the US corporate tax code, which is retroactive to prior years.

Corollary: CLF will not have to pay any material US income tax for many years to come.

*Not $300M, as previously posted.