Wayne Tj

Let's Track Benefits of Trump Tax Cuts

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Let's use this thread to track the benefits of Trump's tax cut....

 

Walmart, the United States largest employer, is using the tax cut savings to raise salaries and increase benefits.

 

I don't yet know what I'll do with my tax savings, but when I do I'll post it here.

 

I'm really looking forward to hear what Skitter's doing with his tax savings..... oh wait, does he pay taxes? :thumbd:

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Just now, Wayne Tj said:

I'm really looking forward to hear what Skitter's doing with his tax savings..... oh wait, does he pay taxes?

Doesn't he get a good subsidy on kayaks?

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Apple and other tech companies bringing $400B back from offshore accounts.

VISA upping 401K matches for employees.

Waste Management giving $2k bonuses

AT&T raises and bonuses

Boeing raises and bonuses

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So far very few large companies have announced investments or wage increases. 

 

And for for the most part they really can’t go nuts 

 

the companies are owned by shareholders. A CEO can’t just give the money out without consulting with the board and ultimately shareholders 

 

best to watch what happens over the next few weeks during quarterly earning calls.  It’s likely  every CFO will be asked by analysts “what is you new effective tax rate” and “what are your plans”

 

it is widely assumed or reported that most savings will go toward dividends and buy backs. Which is a horrible outcome 

 

but let’s see

 

s number of large banks report tomorrow and there willl be plenty of discussion on the mechanics for how the tax cuts are being assimilated 

 

 

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Pacific coast side of Costa Rica, you can fly the family down, rent a decent place on or near the beach, live and fish well, and still have cash left over.

 

28 mins ago, hamlet said:

Some rich person is getting my tax break because I will rent their beach house this summer to go fishing.

 

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"With the corporate rate dropping I'll hire another person in the office."

 

You can now afford another person in the office.

 

If they are currently employed, then that is a job offering for an unemployed person, if they aren't currently employed, they can now be.

 

Either way, WINNING - MAGA.

 

12 mins ago, wasy said:

With the corporate rate dropping I'll hire another person in the office.

 

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57 mins ago, straps57 said:

It's always nice to see employers increase benefits.  They did the same thing under Obama.  

Remind us again of a few of those examples would you.  It's been a while and my memory is not what it used to be.

 

 

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1 hour ago, JohnP said:

 

So far very few large companies have announced investments or wage increases. 

 

And for for the most part they really can’t go nuts 

 

the companies are owned by shareholders. A CEO can’t just give the money out without consulting with the board and ultimately shareholders 

 

best to watch what happens over the next few weeks during quarterly earning calls.  It’s likely  every CFO will be asked by analysts “what is you new effective tax rate” and “what are your plans”

 

it is widely assumed or reported that most savings will go toward dividends and buy backs. Which is a horrible outcome 

 

but let’s see

 

s number of large banks report tomorrow and there willl be plenty of discussion on the mechanics for how the tax cuts are being assimilated 

 

 

Really?  And if they did, would the MSM report it?

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