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dc_dux · 03-26-2010, 01:32 PM

ace..I dont understand why you are opposed to closing corporate tax loopholes.

Why should companies like CAT and ATT be able to deduct the entire amount they spent on retiree drug benefits - including the govt. subsidies - from their taxable income....and not just the 72 percent they spent on those benefits?
able i
Isnt that like double dipping...getting a 28% govt subsidy and also deducting that subsidy from their taxable income.

03-26-2010, 01:32 PM	#35 (permalink)
dc_dux Location: Washington DC	ace..I dont understand why you are opposed to closing corporate tax loopholes. Why should companies like CAT and ATT be able to deduct the entire amount they spent on retiree drug benefits - including the govt. subsidies - from their taxable income....and not just the 72 percent they spent on those benefits? able i Isnt that like double dipping...getting a 28% govt subsidy and also deducting that subsidy from their taxable income. __________________ "The perfect is the enemy of the good." ~ Voltaire Last edited by dc_dux; 03-26-2010 at 01:36 PM..