[atjoslin]

Cool, he got paid and all, but keep in mind that's $22M of yours and my tax money.

EDIT: Nevermind, I did not read the article before commenting. My mistake.

[yalogin]

Isn't it from the settlement money?

[randyrand]

Interestingly the settlement money still does a bit affect our taxes still.

Monsanto makes $80 million less in revenue this year due to the settlement. ~$80 mill less profit ~= $20 mill fewer taxes.

[chipperyman573]

Correct me if I'm wrong, but they don't make $80M less, they just lose $80M from the amount they have made in the past (already taxed)

[randyrand]

This would be counted as a loss for this years tax purposes. So they will pay fewer taxes this year.

[sokoloff]

Settlements that are classified as penalties are generally not tax deductible. Settlements that are classified as remedial/restorative generally are.

This was no doubt a topic of discussion and planning before the settlement was entered into. The article repeatedly refers to it as a "penalty", but it's unclear if that's colloquial or specifically informed language.

[Retric]

I doubt Monsanto pays an effective tax rate anywhere close to 20%. Further the people who receive the settlement pay taxes on it thus the taxpayer is likely better of.

[atjoslin]

Yep. I'm already sour against the IRS from just doing some tax calculations, saw the article title, and didn't even read the article before commenting! Edited my comment.