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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (434853)11/13/2008 6:49:08 PM
From: TimF  Read Replies (1) of 1574506
 
They do...they pay income taxes on net earnings

In effect so do ordinary tax payers, who have a job. They can deduct a number of expenses very directly related to the job, they can't deduct for spending that's not part of the job.

Of course with a corporation, all of the spending is connected to the job, since it isn't an actual human being that has a life other than its business activity. They don't get to deduct all of the expenses, but they get to deduct quite a lot.
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