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01-02-2018, 11:14 PM
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#1
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,786
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More terrible tax news
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WE ARE THE DUMBEST COUNTRY ON THE PLANET!
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01-02-2018, 11:32 PM
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#2
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Registered User
Join Date: May 2011
Posts: 22,640
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cbs did a section on how much a typical families taxes will go up with new law
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01-03-2018, 07:32 AM
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#3
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Registered User
Join Date: Feb 2012
Posts: 2,956
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The truth
Quote:
Originally Posted by davew
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The average household would get a tax cut of $1,610 in 2018, a bump of about 2.2 percent in that average household's income, according to a report released Monday by the Tax Policy Center, a nonpartisan think tank that has been critical of the tax overhaul plan.
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01-03-2018, 07:55 AM
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#4
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Registered User
Join Date: May 2011
Posts: 22,640
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Quote:
Originally Posted by upthecreek
The average household would get a tax cut of $1,610 in 2018, a bump of about 2.2 percent in that average household's income, according to a report released Monday by the Tax Policy Center, a nonpartisan think tank that has been critical of the tax overhaul plan.
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Then what does Nancy Pelosi mean when she says 'this is armeggedon' ?
https://nypost.com/2017/12/04/this-i...-gop-tax-bill/
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01-03-2018, 08:08 AM
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#5
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Registered User
Join Date: Oct 2001
Posts: 46,883
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Quote:
Originally Posted by davew
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Our Auntie Nancy was simply projecting the Dems' dire consequences unto taxpayers.
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Consistent profits can only be made on the basis of analysis that is far from obvious to the majority. - anonymous guru
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01-03-2018, 09:08 AM
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#6
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 112,858
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OMG!
Has anyone heard from Dan????
Someone better check on him.
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Who does the Racing Form Detective like in this one?
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01-03-2018, 09:28 AM
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#7
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Registered User
Join Date: Sep 2007
Posts: 4,149
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Wow, I thought the capitalist scum would use the money for automation. Marx must be spinning in his grave.
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01-03-2018, 10:32 AM
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#8
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Registered User
Join Date: Aug 2001
Location: Lehigh Valley, PA.
Posts: 7,464
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Big Pay Raises, $15 an hour minimum
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01-03-2018, 01:22 PM
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#9
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,786
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Quote:
Originally Posted by pandy
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This is monumental stuff. In a country where the left constantly complains about how evil corporations are, the first reaction of so many of these companies is to funnel some of their tax savings directly to their employees is counter to everything we hear.
The increase in wages is even more important over time.
No one could have predicted this. Cutting the corporate tax rate is already a huge deal for making companies more competitive but these added extra benefits tied in with the fact these same employees will pay less tax on the "new money", is a grand slam.
__________________
WE ARE THE DUMBEST COUNTRY ON THE PLANET!
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01-03-2018, 01:49 PM
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#10
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Registered User
Join Date: May 2011
Posts: 22,640
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Quote:
Originally Posted by JustRalph
This is monumental stuff. In a country where the left constantly complains about how evil corporations are, the first reaction of so many of these companies is to funnel some of their tax savings directly to their employees is counter to everything we hear.
The increase in wages is even more important over time.
No one could have predicted this. Cutting the corporate tax rate is already a huge deal for making companies more competitive but these added extra benefits tied in with the fact these same employees will pay less tax on the "new money", is a grand slam.
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they are talking about their own
Bozo from Amazon is working on robots in shipping department and drones for delivery (even though he got a sweetheart deal for USPS to ship below cost and deliver on Sunday - they probably will be able to make up for it with more volume). Some also think Amazon may try taking over Target in next couple years....
Walmart (Clinton country backers) have been paying low and getting rich themselves. Why pay a livable wage when the dimocrat controlled government will supply EBT, housing insurance...
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01-03-2018, 02:23 PM
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#11
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Registered User
Join Date: Aug 2001
Location: Lehigh Valley, PA.
Posts: 7,464
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Quote:
Originally Posted by JustRalph
This is monumental stuff. In a country where the left constantly complains about how evil corporations are, the first reaction of so many of these companies is to funnel some of their tax savings directly to their employees is counter to everything we hear.
The increase in wages is even more important over time.
No one could have predicted this. Cutting the corporate tax rate is already a huge deal for making companies more competitive but these added extra benefits tied in with the fact these same employees will pay less tax on the "new money", is a grand slam.
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I agree. I bank at BBT. PNC also has many branches around here. Imagine a full time employee who was making $12 an hour and starting Monday is now at $15, that's a huge increase that will help their retirement (401 contributions) and immediately provide a better standard of living. And without gov't mandates (increasing min. wage) which will probably backfire.
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01-03-2018, 02:37 PM
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#12
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Registered User
Join Date: Aug 2004
Location: Behind the Pine Curtain
Posts: 10,646
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Quote:
Originally Posted by JustRalph
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Locally this is a big fn deal. Hq'd here, lot of positive buzz on the tax cuts. Money going back into pockets of everyday workers. Very nice
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01-03-2018, 02:39 PM
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#13
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Registered User
Join Date: Oct 2007
Location: North Riverside, Il.
Posts: 16,103
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Quote:
Originally Posted by pandy
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WOW!!! What generosity!! A $1200 bonus is fifty eight cents an hour over one year. A $1000 bonus is forty eight cents an hour and the $1500 per worker that one of the banks is adding to the pension benefits, comes out to seventy three cents an hour. All of those are one time payouts.
As for the $3 an hour increase in the minimum wage; how many employees will that actually affect? I doubt that there are very many minimum wage workers at any bank; certainly not the tellers, not the accountants. not the folks working in the loan department or the mortgage department, not the personal bankers or those working with businesses. I suspect even the custodial staff is making well in excess of minimum wage.
So, except for a tiny percentage, the banks are raising the wages of no one.
In return for which, their tax rate is being reduced by 40%.
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"When you come at the King, You'd best not miss." Omar Little
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01-03-2018, 02:48 PM
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#14
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Registered User
Join Date: Aug 2001
Location: Lehigh Valley, PA.
Posts: 7,464
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Actually, Most, the average salary for bank tellers in the U.S. is $24,470, which is just under $12.00 an hour. So, yes, their tellers most likely received a huge raise.
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01-03-2018, 02:49 PM
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#15
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by mostpost
As for the $3 an hour increase in the minimum wage; how many employees will that actually affect? I doubt that there are very many minimum wage workers at any bank; certainly not the tellers,
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Quote:
US Bank Bank Tellers earn $24,000 annually, or $12 per hour, which is equal to the national average for all Bank Tellers at $24,000 annually and 87% lower than the national salary average for all working Americans. The highest paid Bank Tellers work for Guaranty Bank at $46,000 annually and the lowest paid Bank Tellers work for Midwest Bank and Trust Company at $16,000 annually.
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https://www.careerbliss.com/us-bank/...s/bank-teller/
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A man's got to know his limitations. -- Dirty Harry
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