Originally Posted by
shiznit
All you corporate tax gurus:
The US corporate tax rate is 35% for anything over $18.3mil...
So does that mean that for every $1.00 of expenses (i.e. pilot contract costs), that the "real cost" to the company is only $0.65?
i.e. Increase in pilot wages by $2 Billion per year would mean a "true cost" to the company of only $1.3 billion per year?
Am I doing that math correctly?
Sort of: Benefits come off the top-line, pay comes off the top line. Taxable income comes after deductions.