Page 9 - Tax Effect News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The rest is mine to keep. to buy my furniture cars, whatever. you are taxing my private property. you are seizing a portion of it and taking it away. do you get it, doc? >> it wasn't a failure to come pro-hend. using seizure properly misuse words i was going to correct you if did you that time. that is a legitimate concern. most experts say the biggest problem is the double tax effect. there is a way to adjust it and what most experts say is that the way to adjust for this is to lower the tax rate even more to account. >> bill: you are dodging the question. you have to seize private property t...

Would be a hit on you and for a company your size, even though ear among the larger steel companies by sales, you woulding hit significantly? >> we had indicated in our 10k some general wording along the lines of the potential impacts of federal healthcare legislation could adversely affect the company's financial condition through increased costs and indeed the legislation has impacted us. and i just -- if i could, take the opportunity to be clear about one thing. that is that ak steel's disclosure on the tax effect of the healthcare reform bill was no way a political statement. we're a fortu...