Freeport-McMoRan (FCX)

[eddy2]

I have been contemplating this and this is my personal view. Firstly because you have federal tax’s and state tax’s and because the SEC is a federal jurisdiction any tax credit held out side the federal jurisdiction ie: state the company is registered as an entity then those credited tax’s held are due noted as a shareholder deficit. Both tax jurisdictions can still be collateral for debt held in trust by state and federal agencies.

Please feel free to leave me a comment on my take of the numbers.