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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DavesM who wrote (325434)	12/3/2002 8:36:47 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

You might try Bill Parish's Web site, or one of the numerous media articles published about his work over the years (just Google search for his name)... he has been investigating Microsoft's finances for many years. Here's one: billparish.com Bill has gone to great lengths to explain how MSFT has avoided taxes through the means of massively utilizing stock options for employee compensation. As far as the IRS is concerned, compensation is compensation (wheither salary or options), and the company gets a deduction for it directly, which offsets what would be a tax liability. ... Of course, because of the F.A.S.B's inability to mandate the expensing of options (after Congress stopped them), none of this counts against reported earnings on the balance sheets. For more authoritative sources... perhaps the MSFT filings available @ SEC.gov.