[Am-info] Re: MS cashflow/taxes: was MS depositions

[Glenn T. Livezey, Ph.D.]

> From: "John J. Urbaniak" <jjurban@attglobal.net>
> Subject: Re: [Am-info] Re: MS depositions
> And if it's true that they paid no federal taxes for the last two 
> years, then their income is just enough to cover their expenses.

I have no specific knowledge, and I agree that their 'value' is mostly
hype. However, it is my recollection that the tax scam was essentially
a combination of their ability to write off the inflated 'cost' of 
stock options as employee compensation, and hyperinflated 'costs' of
donated or discounted software to various non-profits. Thus, the idea
that their income only covers their true costs is flawed. That sheet
only 'balances' for tax purposes. Microsoft is still highly profitable
for at least a select few at the top.

Glenn
-- 
Glenn T. Livezey, Ph.D.

University of Minnesota
Neuroscience Department
Room 6-145 Jackson Hall
321 Church St. S.E.
Minneapolis, MN 55455

(612) 624-2991 FAX 6-5009 
glivezey@lenti.med.umn.edu
livezey@bigfoot.com

"It's call 'Linux poker.' Everyone gets to see everyone else's cards,
everything is wild, you can play off your opponents hands, and
everyone wins except Bill Gates, whose face appears on the jokers."
>From "The 5th Wave" by Rich Tennant, published Monday 2/18/02