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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (14767)	7/14/2001 8:09:14 AM
From: Boca_PETE	Read Replies (1) \| Respond to of 42834

Skeeter Bug - re:("when a company uses options to pay a bill") I thought we were talking about companies issuing their own stock to settle their liabilities. Now you substitute options. Skeeter, would you accept a company stock option in lieu of payment for something I buy from you? A stock option is worthless at the date of grant because the strike price is equal to the then market value. If you would, I have a bridge to sell you. RE: "why should the company get a deduction for something that isn't an "expense."" I've always wondered about that. It reflects to ignorance of the congressmen who framed that provision of the Internal Revenue Code and voted for it. But what do you expect from people who vote for phase-outs of phase-ins of phase-outs? The rational behind the internal revenue code is to raise taxes, to cover the costs of government, and to redistribute the taxes in a way that politicians think will get them votes in the next election. Sorry - The code has nothing to do with logic, integrity, consistency and honesty. P