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To: ValerieUSA

"Debt" is not deductible.

41 posted on 04/16/2002 6:32:30 PM PDT by tdscpa

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To: tdscpa

from the article:
Wal-Mart borrowed money from the insurers to pay the premiums, which the company was able to write off as a business expense on its federal taxes.

42 posted on 04/16/2002 6:44:42 PM PDT by ValerieUSA

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