Tuesday, April 14, 2009

How can I get this deal?

Intel says PC sales improving; profit beats Street

The article includes this tidbit:
Intel said its profits were helped by a tax rate that was much lower than expected — 1 percent instead of the 27 percent that was forecast.
ONE PERCENT effective tax rate!!!

My household's effective tax rate was 16.37%!!!

I remark that during Enron's heyday, its tax department was viewed as a profit center! - and the source of much of the creative accounting that eventually brought it down! As one Enron insider commented, "A company that's making real money ought to be paying real taxes!" - I view Intel's 1% tax rate as a red-flag to investors.

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