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Re: What Economic Recovery? Half Of U.S. Companies Are Losing Money 

By: capt_nemo in POPE IV | Recommend this post (1)
Thu, 08 Mar 18 11:43 AM | 20 view(s)
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Msg. 45325 of 47190
(This msg. is a reply to 45323 by micro)

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Smoke and mirrors???? deceit??? ahhhhhhh I get it.




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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The above is a reply to the following message:
Re: What Economic Recovery? Half Of U.S. Companies Are Losing Money
By: micro
in POPE IV
Thu, 08 Mar 18 11:32 AM
Msg. 45323 of 47190

when your company shows a loss it does not pay federal income tax or state income taxes. This is all a matter of moving certain items into different areas and counted as a loss or expense, as opposed to it being accounted for in the revenue.

Mr. Wizard likely has seen this millions of times. THAT is why according to that article, there are so many companies reporting a loss. It is all about how the money is treated and accounted for...


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