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Cute article, typical progressive story with picked data.  One of the corporations cited was Boeing.  The report stated Boeing got back $82 million last year -- no taxes paid.  Completely ignored the cyclical way Boeing pays taxes.  In 2012, the paid $667 million,  Their annual report for 2013 shows a deferred income tax liability of over $1.1 billion for this year.

 

Want the truth, never ask a progressive.  Sorry, I just channeled Herr Doktor Gruber. 

do you have google? you can't google for the financial reports for those years, just like i did? you want links to each .pdf? really? i've tried to put the link in the quote box... it just won't take because of an 'emote'.

fficial&client=firefox-a&channel=sb#rls=org.mozilla:en-USfficial&channel=sb&q=boeing+financial+statements+2000+to+present" target="_blank"> google search here.

Last edited by Crash.Override

Of course, I use google, but prefer Bing.  When, I see a statement made over a number of years for a corporation, I expect definitive substantiation, not a listing that includes the same old leftie articles.

 

FYI, while like most auditors, I worked on taxes during my early career, except for family, I haven't worked on taxes in 15 years.  As I stated, I specialized in managerial/operational auditing anf foensic auditing.  Translated, I identified portions of businesses not making a profit. Then, made recommendations as to changes to bring it into profitability.  And, identified fraud and fraudsters. 

FYI, while like most auditors, I worked on taxes during my early career, except for family, I haven't worked on taxes in 15 years.  As I stated, I specialized in managerial/operational auditing anf foensic auditing.  Translated, I identified portions of businesses not making a profit. Then, made recommendations as to changes to bring it into profitability.  And, identified fraud and fraudsters. 

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Are you saying they got no refunds? 

It's all in the allowable tax accounting to cover research and development:

 

Company spokesman Bickers offers a different explanation. In the airplane business, you have to take a long view, he cautions.

 

Boeing books its profits using a method that amortizes its multibillion-dollar investments in new jets over 20-plus years; for example, it averages today’s actual 787 losses against expected future 787 profits.

 

While the 787 program is projected to continue hemorrhaging money through 2015 at least, after that it’s supposed to creep gradually into the black and to start reducing the accumulated deficit that by then will have reached $25 billion.

 

Spreading the program’s current losses over future years is the accounting method that allows Boeing to show a profit every quarter.

 

If losses were instead booked as each jet is built, company figures show, last year’s massive $5.8 billion profit in the Commercial Airplanes division would have flipped to a $1.6 billion loss.

http://seattletimes.com/html/b..._boeingtaxesxml.html

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