To: igoramus987
at 4% interest, they would be earning $40 million a year.
But real estate and securities DON'T GENERATE INTEREST!
31 posted on
10/16/2004 9:51:08 AM PDT by
Atlas Sneezed
(Your Friendly Freeper Patent Attorney)
To: Beelzebubba
at 4% interest, they would be earning $40 million a year.
... profit which is taxed at 35%.
$40,000,000 * 0.35 = $14,000,000 Tax
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