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Civil War General

06/01/11 8:26 AM

#299666 RE: Dfrntstuf #299664

25% tax on $80-Billion-Profit = $20B-NOLs'
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Klonopin2mg2000

06/01/11 8:28 AM

#299668 RE: Dfrntstuf #299664

imo...a corp tax of 25% on 20B is tax relief of 5B on that 20B...

in other words - NO TAX ON THE 20B PROFITS. THE 5B STAYS WITH THE CORP.....not the IRS/GOV

very simplified explanation..but you get the gist, no?