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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.95

+0.2%

Dec 5 9:30 AM EST

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To: GraceZ who wrote (60812)	8/7/2002 10:07:08 AM
From: hueyone	Read Replies (2) of 77400

Everyone wants companies to expense them, but no one is arguing to have them come off taxable income. Woops. Have you ever noticed that not so insubstantial "tax benefit from exercise of stock options" item on many companies' cash flow statements? Well, that item is a result of companies expensing stock options on their tax returns provided to the IRS. The entire point of the Levin/McCain bill, (which was killed by the tech lobby), was to require companies to present a consistent set of books to both shareholders and IRS. In other words, companies would only be able to claim an expense to the IRS for stock options exercise if they were also claiming the same expense on their reports to shareholders.

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