CHAPTER FOURTHE IMPACT OF INCOME TAXES ON FINANCIAL ANALYSIS

Business organizations are faced with a variety of taxes from multiple governmental levels. At the local level, there are real estate taxes and income taxes. At the state level, there are employment taxes paid for the benefit of employees and state income taxes. Finally, at the national level, there are additional employment taxes, excise taxes, and federal income taxes. This chapter focuses on a few key U.S. federal income tax provisions that find their way into many business decisions. While the federal tax system is voluminous, and tax attorneys and tax accountants spend years studying the tax code, learning its implications, and practicing its content, we are going to focus on a ...

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