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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (52599)	7/4/2012 3:02:22 PM
From: TimF	1 Recommendation Read Replies (1) \| Respond to of 71588

When production from old wells outstrips the expense of drilling new ones, companies that postponed taxes will have to pay up. Chesapeake had a deferred income tax liability of $3.4 billion as of Dec. 31. Delaying a tax is the equivalent of getting a break for the interest, or other measure of time value of money, for that amount, not equivalent to getting a break equal to that amount. Still a break, but much smaller then the typical headline figures for the break (esp. with the current low interest rates)