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Old 01-08-2011 | 12:12 PM
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scambo1
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Joined: Jun 2009
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From: 777B
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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.
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