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Re: What Economic Recovery? Half Of U.S. Companies Are Losing Money 

By: ribit in POPE IV | Recommend this post (2)
Fri, 09 Mar 18 5:28 AM | 102 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 45329 of 47202
(This msg. is a reply to 45323 by micro)
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micro
...Enron didn't pay any taxes at all the last six years of the Clinton administration and everyone was surprised when it went toes up. Then they blamed it on Bush.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:
Re: What Economic Recovery? Half Of U.S. Companies Are Losing Money
By: micro in POPE IV
Thu, 08 Mar 18 7:32 PM 		Msg. 45323 of 47202

when your company shows a loss it does not pay federal income tax or state income taxes. This is all a matter of moving certain items into different areas and counted as a loss or expense, as opposed to it being accounted for in the revenue.

Mr. Wizard likely has seen this millions of times. THAT is why according to that article, there are so many companies reporting a loss. It is all about how the money is treated and accounted for...


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