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View Diary: Boeing Pays NO TAXES--But Snags $35 Billion In Taxpayer Dollars (32 comments)

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  •  You are misunderstanding what you are reading. (1+ / 0-)
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    Under GAAP accounting you can incur an expense.  Even if you don't "pay" for it (ie, you don't actually cut a check).  It then becomes a deferred expense.  You still owe it.  When examining cash flows you would not include the deferred expense but this is used when looking at income and earnings.

    From your own link, you can see that they incurred a Total Income Tax Expense of 1.2 billion in 2010, 396 million in 2009, and 1.35 billion in 2008.

    There's no there there.  Just because they haven't actually "paid their bill" so to speak doesn't mean much.  They still owe it.  And the government still counts it as revenue.  

    Most likely, it's a tax benefit that allows them to defer paying their taxes for a few years.  This is valuable to a business when struggling through recession.  It's a form of stimulus.

    This is all much ado about nothing and the CTJ "report" is grossly misleading.

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