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02-13-2018, 01:54 PM
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#256
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Registered User
Join Date: Oct 2007
Location: North Riverside, Il.
Posts: 16,047
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Two percent of American workers have received a pay increase or a bonus tied (Allegedly) to the tax reform. 100% of corporations have received a windfall due to the tax reform.
There is also the question of how much of this is due to the new tax laws and how much to other factors such as a tightening labor market, pending increases in the minimum wage in many states and cities, and the tax benefits of announcing the benefits at this time.
ETA: To say nothing of the propaganda benefits.
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"When you come at the King, You'd best not miss." Omar Little
Last edited by mostpost; 02-13-2018 at 02:03 PM.
Reason: I htought of another brilliant thing to say.
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02-13-2018, 02:04 PM
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#257
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Registered User
Join Date: Feb 2012
Posts: 2,955
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GM hourly workers to receive $11,750 bonus
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02-13-2018, 02:10 PM
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#258
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Registered User
Join Date: Oct 2007
Location: North Riverside, Il.
Posts: 16,047
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Quote:
Originally Posted by upthecreek
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That's profit sharing. It's in the contract and has nothing to do with the new tax law. It is money the workers earned by working long hard hours.
__________________
"When you come at the King, You'd best not miss." Omar Little
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02-13-2018, 02:15 PM
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#259
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Registered User
Join Date: Oct 2007
Location: North Riverside, Il.
Posts: 16,047
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ExxonMobile will benefit by $6B this year from the new tax laws.
Has ExxonMobile announced any pay raises or bonuses?
Exxon did say that it will be investing $50B in the US economy over the next five years. How does that compare to previous investment? Over the five year period from 2012 to 2016 Exxon only invested $50B. Oh wait, that's the same!!
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"When you come at the King, You'd best not miss." Omar Little
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02-13-2018, 02:15 PM
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#260
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Registered User
Join Date: Nov 2009
Location: donkeys ride from ASD
Posts: 12,995
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Maybe you should , get a haircut and get a new job.
Get it together like your big brother bob.
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02-13-2018, 02:30 PM
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#261
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Registered User
Join Date: Jan 2015
Location: Beaverdam Virginia
Posts: 12,396
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Quote:
Originally Posted by mostpost
That's profit sharing. It's in the contract and has nothing to do with the new tax law. It is money the workers earned by working long hard hours.
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From the link:
Union members who logged at least 1,850 hours in 2017 will receive the profit-sharing payment in their paychecks Feb. 23.
Do the math, that isn't even 40 hours a week. What is long and hard about that? Please explain, also long hard hours and union job don't belong in the same sentence.
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02-13-2018, 02:38 PM
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#262
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,611
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Quote:
Originally Posted by mostpost
U-Haul will be saving $60M annually in taxes and is giving out $23.6M in bonuses. The bonuses are a one time expense. The tax savings continue indefinitely.
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So? Good for them!
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WE ARE THE DUMBEST COUNTRY ON THE PLANET!
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02-13-2018, 03:09 PM
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#264
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Registered User
Join Date: Oct 2001
Posts: 46,883
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Quote:
Originally Posted by Racetrack Playa
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Stereotype much?
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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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02-13-2018, 03:14 PM
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#265
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regular user
Join Date: Dec 2013
Posts: 37,506
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Quote:
Originally Posted by boxcar
Stereotype much?
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Yes, tons.
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donut believe the hype...
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02-13-2018, 03:20 PM
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#266
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Registered User
Join Date: Feb 2012
Posts: 2,955
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02-13-2018, 03:21 PM
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#267
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Registered User
Join Date: Oct 2001
Posts: 46,883
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Quote:
Originally Posted by Racetrack Playa
Yes, tons.
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That was a rhetorical question, since I know many libs do.
__________________
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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02-13-2018, 03:24 PM
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#268
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regular user
Join Date: Dec 2013
Posts: 37,506
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Quote:
Originally Posted by boxcar
That was a rhetorical question, since I know many libs do.
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Who you callin lib fatso, You "team" players are something else that is for sure.
You can call me a Libertarian with an anarchist slant .
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donut believe the hype...
Last edited by Racetrack Playa; 02-13-2018 at 03:28 PM.
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02-13-2018, 03:28 PM
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#269
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Registered User
Join Date: Oct 2001
Posts: 46,883
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Quote:
Originally Posted by Racetrack Playa
Who you callin lib fatso
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Actually, I'm tall, slim, mean and trim, airhead.
If you don't like being called a lib, ditch one of their cherish trademarks, which is stereotyping.
__________________
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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02-13-2018, 04:12 PM
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#270
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Registered User
Join Date: Oct 2001
Posts: 46,883
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This ain't supposed to happen!
Go Figure: Tax Revenues Climbed $18 Billion In First Month Of GOP Tax Cuts
Fiscal Policy: The Congressional Budget Office says that federal revenues in January added up to $362 billion. That's an increase of $18 billion— or 5.2% — from the year before. As a result, the government ran a surplus of $51 billion that month, which is equal to the previous January.
Wait, weren't the tax cuts supposed to bankrupt the country to benefit the rich? It almost looks like the tax cuts — which took effect in January — are paying for themselves.
That wouldn't be fair, either. As the CBO notes, the new payroll withholding scheduled hadn't fully taken effect in January; companies don't have to update their employee tax withholdings until the middle of this month. When that happens, monthly revenues from individual income taxes will likely slip.
But the latest CBO report does show how a growing economy can make up a lot of the difference between the advertised price of a tax cut and the actual impact on revenues.
The same report says that revenues for the first four months of the current fiscal year — which started last October — were $46 billion higher than the same period the year before.
Individual income and payroll taxes, it says, rose by $68 billion. "That change largely reflects increases in wages and salaries," the CBO says.
https://www.investors.com/politics/e...-gop-tax-cuts/
I'm betting that this month's revenue will exceed last year's also, even though the new withholding schedule will have gone into effect.
Kool Stuff.
__________________
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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