Msg. 10156 of 65535 (This msg. is a reply to
10149 by
wilful)
Jump:
wilful
...what I'd like to see is a tax law that limits the amount a company can charge off as compensation to any employee. Anything over a million bucks, not deductible as a corporate expense.
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!
OCU - "Were you aware that if an American corporation breaks the law and is forced by the courts to pay a fine, that they can deduct the cost of that fine from their corporate taxes?"
This is incorrect. The deductibility applies only to settlement payments that are construed as compensation or restitution. Fines and penalties are levied under criminal law - and are not deductible.
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