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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?

To: donjuan_demarco who wrote (1783)	7/12/2000 5:19:07 PM
From: Tunica Albuginea	Respond to of 4155

void

To: donjuan_demarco who wrote (1783)	7/12/2000 5:19:39 PM
From: Tunica Albuginea	Respond to of 4155

aha!! gotcha!! donjuan!! a tax lawyer!! there you are.Now I more fully understand why you enjoy delving in tax-minutiae!! Theat usually gets me a giant headache!!! <vbg>. I prefer to look at the ascendant growth over the years of the value of GE Capital ; A line going constantly up. Simple, easy to understand and straight forward. Going out for my daily run now and clearing tax cob webs from my mind , cheers ( when I come back I will be more refreshed and able to withstand more Tax Code inquiries ) cheerio again PS: donjuan you don't happen to be working for LEH or MSDW who got canned by CNC in the Wendt deal do you? <VBG>? I am certain we got some unhappy campers over there: " we are not going to get CNC for a song and a dance after all. ......Darn!!!" :-))) TA Message #1783 from donjuan_demarco at Jul 12, 2000 2:03 PM The journalists goofed. Clearly the language in the 8K refers to the excise tax on excess golden parachute payments under section 4999: Message 14023640 The journalists just assumed it was the income tax. One of them even asked an accountant who said yes, CNC is liable for the income tax. Basically, the formula in the 8K says figure out the total tax without the excise tax, and figure out the tax with the excise tax, and CNC pays the difference. The fact that the media made this mistake makes me wonder how many other mistakes they make. PS: I am a tax lawyer, which is why I caught it.