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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (30018)10/20/2000 9:21:47 AM
From: Les H  Read Replies (1) of 436258
 
Recent annual reports filed by Microsoft and Cisco Systems indicate that they paid no federal income taxes in 1999 because stock options exercised by employees wiped out profits for tax purposes.

The study found that General Electric, I.B.M., Pfizer, Intel and Bristol-Myers Squibb also sharply reduced their tax rates because of stock options without having to show reduced earnings to shareholders.

nytimes.com
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