You're left with 500,000 of pre tax income.

And of course the difference is the money that he had to spend on tax.

Because the money he spends is the money that pays everything else.

A basic income points in the same direction.

The IRS might consider that to be income

In general, there are three types of taxes value added tax (VAT)

And I normally have to pay 30 .

And you say, this group of the CDOs, they'll get the first payments. or if any payments that go, immediately go to this very senior tranche, right?

And the reason they didn't grow by that amount is because we actually ended up having to pay taxes on some of that.

Once you subtract that out, then you actually have your pre tax income, and if we assume that we have to pay taxes, this is how much we pay in taxes, and this is actually the net income that goes to the owners of the company.

Well I'll save 30 of this.

Please pay the tax.

One of the places we put in a big oil project in Chad, with Exxon.

Whoever spends 3000 Euros will be taxed for 17 of the total amount.

And you could guess what the next line is going to be, given that this says pre tax.

And so his pre tax income is now 30 plus 2 minus 5 is 27,000.

So actually, let me do that.

You will be paid according as you work.

On the contrary, passengers themselves must pay.

And they're providing, hopefully, an educated workforce for me.

A 10 tax will be withheld from the payment to you.

The only tax that cannot run away is VAT.

Not until all has been paid

It always used to be metered and proportional to the service.

Because each of us are going to pay 10 per year, so we're each going to pay 10 on that 1 billion.

From this point onwards there will be a progression.

That's a lot.

He was paid 10000 dollars.

He was paid 10,000 dollars.

If the ransom not paid...

The State has a set hourly rate they pay for this kind of work.

The taxes names have my uncles in seizure... the castle had be sold.

But when you talk about return, what you get off the asset, you still are going to pay taxes on them.

Whoever spends 5000 Euros will already have been taxed for 30 .

He's most often paid for his services in cash, cows or goats.

I'm gonna go left, you're gonna go right, you understand me?

And then year 10, I pay the 100,000 plus I pay back the 1 million.

So what they do is out of this 10 , they pay them some of the basis points.

The total amount including tax is 1500 per person... ...estimate included.

So you have accounts receivable of 400

Don't steal it.

So who knows?

When we did return on asset, we looked at the operating profit, because this is what our company generated before we paid the bank or Uncle Sam or anything like that.

Wages contain income tax, costs for fringe benefits and social costs.

but let's, just for simplicity, assume my tax rate is still 30,000.