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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: brushwud who wrote (172428)	1/9/2003 5:57:09 PM
From: willcousa	Respond to of 186894

The University of Michigan does an annual study and the trend has been this way for years. The cross-over occurred about three years ago. The data is derived from filed corporate income tax returns and studies of compliance cost for both the IRS and the corporate sector. So a highly profitable company like intel would pay more tax than the cost of compliance but if you take corporate filers as a whole they do not. I don't see the integration as being that difficult as we have many rules to make it hard for an individual to do what the tax authorities call "incorporating his pocketbook". Without the corporate tax dividends could be made fully taxable as there is no longer double taxation. The complex parts of the corporate tax return arise from the differences in how reported income and taxable income are calculated and a massive amount of reporting on foreign subsidiaries for the multinationals. Perks are taxable and even substantiated business meals are at least partly taxable in many cases.

To: brushwud who wrote (172428)	1/9/2003 10:25:53 PM
From: Joe NYC	Respond to of 186894

brushwud, Re: The cost of compliance now exceeds the government's take. Are you saying this is true for Intel, that it costs more to comply with the corporate income tax than they actually pay? Why pick as an example something that is on one extreme end (a lot of income / cost of compliance). The world is composed of companies that earn little or no profit, but they still have to comply with all the filing procedures. This means, they have to spend money on compliance, and government may get no revenue in return. Joe