Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Alighieri who wrote (602026)	3/1/2011 12:58:01 AM
From: Tenchusatsu	1 Recommendation Read Replies (2) of 1575982

Al, > by the way, taxes are paid on earnings not revenue. I know that, but I'm going by the numbers you posted: > The Treasury Department estimates that various corporate tax breaks will cost the federal government more than $1.2 trillion over the next ten years (2008-2017), a period during which total corporate revenues are projected to equal $3.4 trillion. By definition, the revenue numbers do not include expenses due to taxes. Net earnings are obviously going to be a fraction of revenues. Don't you see a problem with the numbers you posted? 1.2 is 35% of 3.4. That means the effective tax hike would be 35% of total revenues. My guess is that the decimal point in the revenue estimate is in the wrong place. But why can't you check your own figures before posting them? Just use a little math. Tenchusatsu

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