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11-12-2008, 01:33 AM #1
Senior Member
Updated bailout price tag: 840 Billion?
Welcome to socialism. Its a short step to communism.
killerweed420 Reviewed by killerweed420 on . Updated bailout price tag: 840 Billion? I'm surprised this hasn't come up over the past couple of days, but yesterday I saw something quite interesting in the news. While we were all focused intently on the bailout negotiations, the Treasury Department quietly released a five-sentence statement saying it had repealed section 382 (I think) of the tax code. Section 382 kept corporations from claiming losses taken on by buying failing corporations for tax deductions/exemptions (I don't know the exact way it works) This was Rating: 5
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