Originally Posted by red-sauerkraut
Wrong you are.
Maybe take a some tax classes.
BMW is a class act for giving back.
Originally Posted by Spaceman Spiff
It's deducted from taxable income not taxes due so it's still costing them $650K-$700K, assuming they pay U.S. tax of 30-35% and not German 15% tax.
Still, only $1MM?
Which part of what he said is wrong about deductible/taxes? Aside from tax rates, the concept seems spot-on.
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