Actually, the general taxable income argument may still not apply depending on how previous loses are carried forward. Which really ties into another point I wa

Actually, the general taxable income argument may still not apply depending on how previous loses are carried forward. Which really ties into another point I was going to make that companies are quite adept at minimizing tax exposure. The GAO reports the average corporation pays an effective tax rate of 25.2%. http://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States http://en.wikipedia.org/wiki/Corporate_tax_in_the_United_Sta... But obviously, mileage may vary: http://www.bloomberg.com/apps/news?pid=20601110&sid=a6bQVsZS2_18 http://www.bloomberg.com/apps/news?pid=20601110&sid=a6bQ...