I wanted to know which kind of profits are used in reported profit
rates.  I figured you or Doug would know.

On Wed, Nov 21, 2012 at 5:41 AM, Max Sawicky <[email protected]> wrote:
> Do you mean average effective tax rates? Profits in financial statements are
> very different from taxable profits. And taxes actually paid can be
> different from tax expense reported in statements. Corporations can get
> refunds from taxes previously paid and they can pre-pay taxes that will be
> due in future years. Among other issues.
>
>
> On Mon, Nov 19, 2012 at 9:10 PM, michael perelman
> <[email protected]> wrote:
>>
>> How are profit rates calculated? IRS data or the profits reported to
>> shareholders?
>>
>> --
>> Michael Perelman
>> Economics Department
>> California State University
>> Chico, CA
>> 95929
>>
>> 530 898 5321
>> fax 530 898 5901
>> http://michaelperelman.wordpress.com
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>
>
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-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com
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