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Re: bassilious post# 86798

Saturday, 04/07/2012 11:38:48 AM

Saturday, April 07, 2012 11:38:48 AM

Post# of 116986
Don't understand this bit about not having paid taxes. Are we taking about property taxes? That would be public information. As far as being delinquent in paying quarterly estimates for income tax or state franchise & excise taxes this would not be released to the public unless there were liens filed. If they are losing money as reported in the last 10K then they would not owe any income taxes or state taxes and I bet they have a huge loss carryover balance as well. State franchise taxes are based on book value of assets and/or net worth whichever is largest. This tax is a very small tax in most states. .25 cents per $100 in my state.
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