On Dec 18, 2008, at 10:36 PM, James E. Therrault wrote:

>
> John Callahan wrote:
>>
>>>
>>> Profit margins include all expenses.
>>>
>>> JT
>>>
>>
>>
>> Would someone make note of the fact that operating costs which
>> include R&D are deductibles when it comes to State and Federal taxes?
>>
>
>
>
>
>
> Uh, expenses is expenses - - - Tax deductible.
>
> JT
>
>
Yeah!! Yeah!!  I know what you mean, but it buggs me to hear "Tax  
deductable", when in fact "It's an INCOME deduction" when calculating  
tax liability.

Say what you mean, and Mean what you say. And don't let the mentally  
lazy determine how things are said.

Chuck D.

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