Subject: Just like you and me, if there is a write off, it means that
Posted by: SemperFidog on Sun Aug 17 2008 8:23:18 PM
Message:
net income before takes (aka profits for the unwashed) was spent
somewhere that is allowed by tax code to reduce taxable income (aka
profits).
It's basically money transfer from the Corp. to some entity of their
choosing that has been granted charitable status.
And, if a Corp. doesn't have profits, it cannot reward stockholders
which is a situation that will not go long for the life of the corp.
Did anyone who makes these crazy accusations or insinuations about
the "evil non-tax paying corps" even take a Biz 101 course?
