Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Alighieri who wrote (434837)	11/13/2008 8:15:56 PM
From: i-node	Read Replies (2) of 1574508

>> Don't feel sorry for Exxon...they have more loopholes than you and I ever will. When I factor all the taxes I pay, my tax rate is far higher than that of Exxon. But your income isn't taxed twice like Exxon's is -- once when it is earned and again when those earnings are distributed to its shareholders. That's one reason corporate income taxes are so unfair -- the earnings of corporations are taxed multiple times. You're confusing corporate entities with individual taxpayers. They are two totally different kinds of taxpayers. Individual taxpayers who are in business have essentially the same rules for deductions as corporations (i.e., "ordinary and necessary business expenses"). But you can't sensibly compare an employee with a corporation. Employees, by definition, don't have business expenses, other then the minimal out of pocket, unreimbursed expenses which are a result of the agreement negotiated at arms-length between the employee and his employer. Unreimbursed EBE are not automatically deductible, whereas the ordinary and necessary expenses of conducting a business are.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next