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https://papers.ssrn.com/sol3/papers.cfm?abstract_id=953989 archived at
document IMAGES-007-HOUSE_OVERSIGHT_024265.txt Feb 4, 2015 House Oversight Committee — Epstein Estate Records (Nov 2025)

…/sol3/papers.cfm?abstract_id=953989 archived at https://perma.cc/FHE3-XUED. e Tom Wheeler, “This is How We Will Ensure Net Neutrality,” Wired (February 4, 2015) https://www.wired.com/2015/02/fcc-chairman-wheeler-net-neutrality/ archived at https://perma.cc/C8DE-2PJB. Zero-ratin...

Projected Cash Flow Statement
document IMAGES-010-HOUSE_OVERSIGHT_028836.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

InsightsPod Projected Cash Flow Statement Net Cash Flow from Operations Net Profit Depreciation and Amortization Change in Accounts Receivable Change in Inventory Change in Accounts Payable Change in Income Tax Payable Change in Sales Tax Payable Change in Prepaid Revenue Net...

Effective Interest Rates: But Cost of Debt Unlikely to Continue to Decline
document IMAGES-006-HOUSE_OVERSIGHT_020924.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…come Statement Drilldown 165 Effective Interest Rates: If Debt Levels & Interest Rates Rise Dramatically Beyond 2010, Net Interest Payments Could Soar... USA Federal Net Debt Outstanding / Effective Interest Rates / Net Interest Payments, 2009 — 2016E 11-16E 2009 2010 2011E 2...

taxes, and charitable contributions (the exemption phase-out and deduction limitation are colloquial
document IMAGES-006-HOUSE_OVERSIGHT_022327.txt Apr 15, 2014 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ut and deduction limitation are colloquially known as “PEP and Pease”). These changes, coupled with the new 3.8% tax on net investment income (see below), may mean an unhappy surprise for many taxpayers on April 15, 2014, when they pay their 2013 income tax liability. On the tran...

taste satisfaction. These are all ex post descriptions of realized outcomes rather than
document IMAGES-001-HOUSE_OVERSIGHT_011058.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ns. Together they give output = investment + invested consumption + positive self-invested work — human depreciation + net transfer + exhaust = investment + invested consumption + self-invested work — recovered human depreciation + net transfer + exhaust. (6.24) This much is ce...

Scientists create human embryos to make stem cells
document IMAGES-009-HOUSE_OVERSIGHT_027024.txt May 15, 2013 House Oversight Committee — Epstein Estate Records (Nov 2025)

Scientists create human embryos to make stem cells For the first time, scientists have created embryos that are genetic copies of living people to make stem cells, which may help treat many diseases but also raises concerns about human cloning. By Melissa Healy, Los Angeles Tim...

3. Pricing Before Product— Plan Distribution First
document IMAGES-002-HOUSE_OVERSIGHT_014004.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…-profit brands usually begin with controlled distribution. Remember, more customers isn’t the goal; more profit is. 5. Net-Zero—Create Demand vs. Offering Terms Focus on creating end-user demand so you can dictate terms. Often one trade publication advertisment, bought at disco...

iQmethod™ Measures Definitions
document IMAGES-003-HOUSE_OVERSIGHT_014883.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…oodwill Amortization Total Assets — Current Liabilities + ST Debt + Accumulated Goodwill Amortization Return On Equity Net Income Shareholders’ Equity Operating Margin Operating Profit Sales Earnings Growth Expected 5-Year CAGR From Latest Actual N/A Free Cash Flow Cash Flow...

European Equity Strategy
document TEXT-001-HOUSE_OVERSIGHT_014460.txt Dec 1, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…eaking parity against the EUR. That in turn would increase the pressure on the ECB to start to reverse its very loose monetary policy stance. Tapering would then become much more likely. It would likely push European bond yields higher too, certainly above the 65bp forecast for B...

Morgan Stanley | ®esearcs NORTH AMERICA INSIGHT
document IMAGES-008-HOUSE_OVERSIGHT_025580.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…rs 26/Jan/18 EPS As % Dividend Earnings Per Share (EPS) © CAGR (%) Price/Earnings (P/E) EV/ EBITDA of AuM Yield (%) LTM Net Price Price Market Cap Flows/BoP YTD Stock Company Ticker Rating 26/Jan/18 Target Upside (%) Shares (M) ($B) AUM ($B) — AuM (%) Perf. (%) 2017E 2018E 2019E...

then you’ll know that was a pretty dumb decision,”’ he said. If
document IMAGES-007-HOUSE_OVERSIGHT_023566.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…teverman and Carolina Wilson. To contact the reporters on this story: Simone Foxman in New York at sfoxman4@bloomberg.net; David Carey in New York at dcarey13@bloomberg.net To contact the editors responsible for this story: Margaret Collins at mcollins45@bloomberg.net; Eliza...

Another relatively recent variance from the treatment of DREs as “tax nothings” can be found in
document IMAGES-009-HOUSE_OVERSIGHT_026589.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…mption that a partner is financially able to perform under any guarantee agreement irrespective of the partner's actual net worth, unless the facts and circumstances indicate a plan to circumvent or avoid the obligation. =* As a result, tax planners were able to insert virtually...

Important Caveats on F2010 Medicare Liability Improvement
document IMAGES-006-HOUSE_OVERSIGHT_020949.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…b.com USA Inc. | Balance Sheet Drilldown 215 Balance Sheet: Even Excluding Unfunded Entitlement Benefits, USA Inc.’s Net Worth = -$13 Trillion in F2010, Owing to $9 Trillion of Debt Total Assets / Liabilities / Net Worth of USA Federal Government, Using Government GAAP Accoun...

Morgan Stanley | RESEARCH
document IMAGES-008-HOUSE_OVERSIGHT_025569.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ure these would not get the pass- through benefit and would be subject to full taxes. We use a full 24% tax drag on the net accrued carry receivable balance and the future net carry per share. e@ Second we adjust the FRE multiples upward. As we dis- cussed previously with our th...