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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.91+1.1%3:47 PM EST
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To: hueyone who wrote (64529)9/14/2003 2:37:51 PM
From: Don Lloyd  Read Replies (3) of 77400
 
hueyone,

The sound rationale behind Levin/McCain bill, s 1940, (that failed to pass last year), was that companies should not be able to claim stock options as an expense to the IRS and then turn around and tell investors with a straight face that they are not an expense, that companies should be consistent in what they are telling investors and the IRS regarding stock option expense.

If you would attempt to think for yourself, rather than parroting idiot politicians, you just might realize that the tax deduction effectively applies to the compensation expense suffered by the shareholders, not the company. It would be an impossibility to directly assign tax relief to the ever changing base of shareholders every time an employee exercises an option, so that applying it indirectly through the medium of the company is the only alternative.

Regards, Don
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