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To: jim kelley who wrote (148910)12/9/1999 8:23:00 PM
From: Chuzzlewit  Respond to of 176387
 
Jim, it's a little more complicated than simply getting a tax break from cash payments, because the company gets a tax credit for the issuance of options. In 1999 it recorded a tax benefit of $444 MM for employee stock plans. I don't know how that credit is computed. Perhaps someone on the thread could enlighten us.

TTFN,
CTC