The mark-to-market loss is only just above the premium paid (without counting the investment income on the cash) at a time of historic stress and no actual cash loss can occur for another 11 years.

在历史性的严峻时期，上述账面浮亏仅略多于保费(此处不计现金的投资收益)，而且，在接下来11年内不会发生实际现金损失。

youdao

Yet that would be solely due to counting income in the later years that they did not count in the earlier years.

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So all this does is allow a company to simply write it off once by not counting it as income, rather than both not counting it as income and getting able -- being able to write it off.

WHITEHOUSE: Press Briefing

All of the above Obama tax rate increases going into effect in 2013 under current law are on top of virtually the highest corporate tax rate in the industrialized world, at nearly 40% counting state income taxes, which leaves American companies uncompetitive in the global economy.

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