>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?
Could be - some of these are major profit generators. Since they've been stock market leaders, too, the financial effect could be greater than the NIPA effect.
Doug