On Dec 18, 2008, at 11:46 PM, Charles Davis wrote:
>> >> >> > 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. > > Chuck, correct me if I'm wrong but I believe that when something is "tax deductable" it means that there is no tax liability for for items that are considered production costs or manufacturing costs. Accordingly costs for labor, R&D, capitol equipment and the like are tax free. That means that the tax-payers are, in effect, paying a portion of a company's tax liability. > > John Callahan [email protected] If there are no dogs in Heaven, when I die I want to go where they went.ยจ --Will Rogers extreme positive = (ybya2) --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed Low End Mac's G3-5 List, a group for those using G3, G4, and G5 desktop Macs - with a particular focus on Power Macs. The list FAQ is at http://lowendmac.com/lists/g-list.shtml and our netiquette guide is at http://www.lowendmac.com/lists/netiquette.shtml To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/g3-5-list?hl=en Low End Mac RSS feed at feed://lowendmac.com/feed.xml -~----------~----~----~----~------~----~------~--~---
