"Mike Rapoport" wrote:
For a guy with the handle taxsrv, I am surprised that you don't
know the
difference between GAAP and tax accounting and that you can't
reconcile the
cash flow statement with the earnings statement. Southwest does
not pay
income taxes.

Mike
MU-2

So you are saying that you know what's historically on their Forms
1120. In other words, always zero tax? Not even corporation AMT?
So how'd they get an actual tax refund on a carryback, per their
SEC filing for 2002, if they never paid any tax?

Fred F.