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SeaWorld is avoiding income taxes even as business is booming. The company's pre-tax profits more than tripled in 2012 to $117 million. Total sales across its 11 parks climbed 7 percent to more than $1.4 billion. When companies invest in things like equipment and machinery, the value of those assets declines over time as they age. Accelerated depreciation allows companies to write off the value of those investments faster for tax purposes than the value actually declines.
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