Dish Network 2008 Annual Report Download - page 118

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DISH NETWORK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
F-36
The components of the (provision for) benefit from income taxes are as follows:
2008 2007 2006
Current
(p
rovision
)
benefit:
Federal ............................................................................ $ (243,451) $ (27,312) $ (23,027)
State... ............................................................................. (30,090) (66,844) (29,502)
Foreign ............................................................................ - (1,012) (2,818)
(273,541) (95,168) (55,347)
Deferred
(p
rovision
)
benefit:
Federal ............................................................................ (278,336) (378,514) (304,896)
State ................................................................................ (34,401) (23,902) 38,467
Foreign ............................................................................ - (360) (291)
Decrease (increase) in valuation allowance .................... (79,581) 3,845 7,324
(392,318) (398,931) (259,396)
Total benefit (provision).................................................. (665,859)$ (494,099)$ (314,743)$
For the Years Ended December 31,
(In thousands)
The actual tax provisions for 2008, 2007 and 2006 reconcile to the amounts computed by applying the
statutory Federal tax rate to income before taxes as follows:
2008 2007 2006
Statutory rate .............................................................................. (35.0) (35.0) (35.0)
State income taxes, net of Federal benefit .................................. (2.6) (4.3) 0.7
Foreign taxes and income not U.S. taxable ................................. - (0.2) (0.3)
Stock option compensation ......................................................... - (0.2) 0.2
Deferred tax asset adjustment for filed returns ........................... (0.2) 0.1 (0.6)
Other ........................................................................................... 0.5 (0.2) 0.1
Decrease (increase) in valuation allowance ................................ (5.1) 0.3 0.8
Total benefit (provision) for income taxes ................................. (42.4) (39.5) (34.1)
For the Years Ended December 31,
% of pre-tax (income)/loss