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To: Scythian
I have to admit that it does look like a confusing tax scam (like so much of life insurance is). Basically WalMart figured that X number of its employees would die, and the insurance overhead was less than the tax savings on converting taxable income to non-taxable insurance payouts.

Key employee insurance is one thing because loosing the replacing the president of the company or even a store manager is expensive, but insuring everyone as a tax dodge? No wonder so many people hate the IRS.

16 posted on 07/03/2007 8:41:34 AM PDT by KarlInOhio (A base looking for a party.)
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To: KarlInOhio
loosing the replacing -> losing and replacing

What in the world am I doing behind the keyboard?

21 posted on 07/03/2007 8:45:00 AM PDT by KarlInOhio (A base looking for a party.)
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