Cisco's taxes

[Michael Perelman]

While the tax implications might be neutral, what impact would options have
on estimates of the rate of profit?  Doug, maybe you, posted something
about Microsoft's overstated profits due to stock options a long time ago.
Would this effect be large enough to show up in the aggregate data?
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Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901