Xerox said fourth-quarter net income was $1 million, or nil per share, down from $382 million, or 41 cents a share, a year earlier.
The expense would be nil and the added income all gravy.
At the time Mr Cowen said: "We cannot stand over a situation in which some high-earning tax residents, through the use of incentive reliefs, can reduce their taxable income to nil".
During much of the 1980s Mexico's Gini coefficient, a measure of income inequality (going from nil, egalitarian paradise, to 1, feudal hell), rose significantly.
Whereas high-income countries showed clear peaks that then approached nil after sustained downtrends, middle- and low-income countries showed upward trends, with a steeper rate for the latter.
He pays half his income in taxes; I pay nil.
Throughout the last century, the share of knowledge work in total employment in high-income countries increased from close to nil percent to about twenty percent.
This is surely the aim for British racing but the chance of it happening must be nil until the sport reverses the current trend of rapidly declining income.
Net income for the second quarter, ended August 4, was $5,000, or nil per diluted share, compared with $133,000, or 3 cents a diluted share, in the period a year earlier.
Percentage of deaths that will incur inheritance tax Photograph: /OBR The OBR expects income from IHT to rise by 70% by 2018-19, partly because the nil-rate band of £325,000 (and the tranferable nil-rate for widows and widowers) are both frozen until the end of 2017-18.
