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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (602099)	3/1/2011 11:26:53 AM
From: Brumar89	1 Recommendation Respond to of 1576926

the article is using the word revenue for earnings as well So the "Center for Budget and Policy Priorities" welfare-state promotion organ doesn't know the difference between revenues and earnings. Or they think their target audience won't.

To: Alighieri who wrote (602099)	3/1/2011 11:54:05 AM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1576926

Al, > I think the article is using the word revenue for earnings as well...so i think the 3.4T figure is referring to earnings...then the ratio ~ works...the statutory tax rate is 35% while the effective tax paid is 22% hence 1.2T lost to special provisions. Even if "revenues" and "earnings" were confused, the total tax revenues "lost" due to the tax breaks would represent 35% of net earnings. And that would be on top of the taxes corporations already pay. There are way too many problems with those figures you cited. Best to throw them out and try again. Tenchusatsu