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Politics : PRESIDENT GEORGE W. BUSH

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To: TimF who wrote (253460)5/8/2002 12:06:59 AM
From: tejek  Read Replies (1) of 769670
 
If they where losing money, then they had no profits to pay taxes on.

Tim, just for the record, they did not lose money until the third quarter of 2001. In that quarter they wrote off a loss on Raptors SPEs [whatever they are]. However, they still made a profit of $.17 per share for the first three quarters of 2001. But they did not pay any income taxes on that profit..........probably because of the bankruptcy filing. In the 4 years prior to 2001, they paid income taxes each of those years.

ted
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