BP deducts $10 billion from its United States taxes for oil spill cleanup costs. “We have followed the I.R.S. regulations as they’re currently written,” said Tony Hayward, the company’s outgoing chief executive. [MarketWatch]
- And people wonder why it is a good idea to let the Bush rich Tax cuts to expire.
BP deducts $10 billion from its United States taxes for oil spill cleanup costs. “We have followed the I.R.S. regulations as they’re currently written,” said Tony Hayward, the company’s outgoing chief executive. [MarketWatch]
- And people wonder why it is a good idea to let the Bush rich Tax cuts to expire.
Nerd, this has nothing to do with the Bush tax cuts for people with pensions & 401K’s.
The wealthy are not taxed nor ever will be.