1:10:00
it's just an ovarian cyst.
1:10:02
Okay. Go up to Holly 6...
1:10:06
on the double. Go.
1:10:10
Who is that? Is that Mangafranni?
1:10:13
Yeah. Number 3.
1:10:16
Good morning, Doctor.
1:10:22
It's legal for a doctor
to incorporate in New York, isn't it?
1:10:25
Since last September.
1:10:27
If they'd had that when I was your age,
I'd have put away a couple of million.
1:10:31
It gives you a variety of deferral devices.
1:10:33
Profit sharing, for example.
1:10:35
Let's say you pick yourself
an October 31 fiscal.
1:10:39
You declare a bonus payable in '71.
1:10:42
An accrued item payable
to a principal shareholder must be paid...
1:10:46
within two and a half months after the year
end, to get the deduction in the prior year.
1:10:50
But your corporation doesn't pay that tax...
1:10:53
because we've eliminated
the taxable income with the bonus.
1:10:57
With two taxable entities,
you can bury a lot of expenses.
1:11:00
Hello, this is Welbeck.
Any messages for me?
1:11:04
I'm at the hospital.
I gotta cut open some guy soon.
1:11:07
I'll try to make it as fast as I can.
How urgent did he say it was?
1:11:13
Doctor Hogan made those arrangements
with the underwriters.
1:11:16
The registration statement
was filed with the SEC well over a year ago.
1:11:21
If he calls again, have me paged here.
1:11:33
- Mangafranni, right?
- Right.
1:11:36
What do you say?
We're not gonna hang it in the Louvre.
1:11:40
There's no pulse, Doctor.
1:11:42
- What's the pressure?
- There's no blood pressure.
1:11:45
No pulse. Get the tube and EKG.
1:11:53
- What's the matter?
- I can't feel a thing here.
1:11:56
- What the hell happened?
- I don't know.