Mainecat Posted May 21, 2018 Share Posted May 21, 2018 Here's How America's Biggest Companies Are Spending Their Trump Tax Cuts (It's Not on New Jobs) We’re starting to learn what America’s biggest companies are doing with the huge windfalls from President Donald Trump’s tax cuts. And the answer is great for investors – but not so great for workers. That’s because many companies are returning huge portions of their billions in tax savings to shareholders in the form of share buybacks and dividend increases — not necessarily new hiring and investment. Companies are on track to plow a record $1 trillion into boosting dividends and buying back their own stock this year, says Howard Silverblatt, senior index analyst S&P Dow Jones Indices. Buybacks are a strategy to boost stock prices – by reducing the number of shares outstanding, which artificially increases a company’s earning per share. But they do little to improve the economy. http://time.com/money/5267940/companies-spending-trump-tax-cuts-stock-buybacks/ Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted May 21, 2018 Platinum Contributing Member Share Posted May 21, 2018 So when 401k's go up that's a bad thing? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 21, 2018 Platinum Contributing Member Share Posted May 21, 2018 Just now, steve from amherst said: So when 401k's go up that's a bad thing? $1 trillion into boosting dividends Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 21, 2018 Share Posted May 21, 2018 Stock buy-backs are a good thing. Nay...A GREAT THING!!!! I notice the article didn’t mention how many new hires are on the books in the last year. Huh! Weird! Poor MC. Hatred fueling hatred...with no outlet but a crying closet. Oh...and poor TIME. 1 Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted May 21, 2018 Share Posted May 21, 2018 Tough to hire new people when the drug test failure rate in the rust belt is upwards of 80%. There are literally thousands of good paying blue collar jobs sitting unfilled. Don't worry, minimum wage will be $15 a hour soon. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 21, 2018 Share Posted May 21, 2018 16 minutes ago, steve from amherst said: So when 401k's go up that's a bad thing? Apparently. Quote Link to comment Share on other sites More sharing options...
01mxz800 Posted May 21, 2018 Share Posted May 21, 2018 (edited) poor mcdummy can't see past his hatred Edited May 21, 2018 by 01mxz800 Quote Link to comment Share on other sites More sharing options...
Snoslinger Posted May 21, 2018 Share Posted May 21, 2018 So 401ks are what the tax breaks were all about? lmfao. Bunch of god damn idiots Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted May 21, 2018 Platinum Contributing Member Share Posted May 21, 2018 No , they were about pissing off progressives. How are they working ? Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 21, 2018 Share Posted May 21, 2018 My taxes went down several thousand per year. Also the corp tax rate is now competitive. It was a decent tax cut bill. Should have went further simplifying the tax code though 1 Quote Link to comment Share on other sites More sharing options...
Snoslinger Posted May 21, 2018 Share Posted May 21, 2018 3 minutes ago, f7ben said: My taxes went down several thousand per year. Also the corp tax rate is now competitive. It was a decent tax cut bill. Should have went further simplifying the tax code though How do you know that? Quote Link to comment Share on other sites More sharing options...
Anler Posted May 21, 2018 Share Posted May 21, 2018 OMG I am buying a new snowmobile and a snowmobile trailer!!!!! Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 21, 2018 Share Posted May 21, 2018 11 minutes ago, Snoslinger said: How do you know that? How do I know what? Quote Link to comment Share on other sites More sharing options...
Snoslinger Posted May 21, 2018 Share Posted May 21, 2018 10 minutes ago, f7ben said: How do I know what? Your taxes went down several grand Quote Link to comment Share on other sites More sharing options...
Snoslinger Posted May 21, 2018 Share Posted May 21, 2018 Remember the days when ben was anti big business? Now look at him. Might as well go looking for a job on wall or k street Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted May 21, 2018 Share Posted May 21, 2018 4 minutes ago, Snoslinger said: Remember the days when ben was anti big business? Now look at him. Might as well go looking for a job on wall or k street big bernie supporter to a trump puppet, SMH. Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 21, 2018 Share Posted May 21, 2018 7 minutes ago, Snoslinger said: Your taxes went down several grand It's pretty fucking easy to calculate 120k taxable between this year and last year. Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 21, 2018 Share Posted May 21, 2018 6 minutes ago, Snoslinger said: Remember the days when ben was anti big business? Now look at him. Might as well go looking for a job on wall or k street I'm anti government. Less tax is better and less govt spending would be even better yet. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted May 21, 2018 Share Posted May 21, 2018 Just now, f7ben said: I'm anti government. Less tax is better and less govt spending would be even better yet. yet you were supposedly pro bernie who was 100% the opposite of all that. Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 21, 2018 Share Posted May 21, 2018 Just now, Angry ginger said: yet you were supposedly pro bernie who was 100% the opposite of all that. Do you really need this explained to you for the 150000 time? Quote Link to comment Share on other sites More sharing options...
Snoslinger Posted May 21, 2018 Share Posted May 21, 2018 4 minutes ago, Angry ginger said: big bernie supporter to a trump puppet, SMH. He’s as bad as racer 2 minutes ago, f7ben said: It's pretty fucking easy to calculate 120k taxable between this year and last year. Since you’ve been acting like racer I thought you were dumb enough to think your taxes went down in 2017 when the new plan doesn’t go into effect until this year. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 21, 2018 Platinum Contributing Member Share Posted May 21, 2018 5 minutes ago, f7ben said: I'm anti government. Less tax is better and less govt spending would be even better yet. Except for HC. Quote Link to comment Share on other sites More sharing options...
Snoslinger Posted May 21, 2018 Share Posted May 21, 2018 Why are you doing with your tax cuts skidmark? I bet you’re hiring more and pay increases for all Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 21, 2018 Share Posted May 21, 2018 Bernie was a perfect fit for me on my 2 biggest issues....past that I don't care. Although I do support single payer Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 21, 2018 Platinum Contributing Member Share Posted May 21, 2018 (edited) 3 minutes ago, Snoslinger said: Why are you doing with your tax cuts skidmark? I bet you’re hiring more and pay increases for all In all seriousness. 33% went for increased bonus' at xmas (even though the tax cut won't go into effect yhet) 33% went to keeping employee's HI cost the same. I've also expanded workforce by 20% since January. Got anything else smart to question me on or you want me to continue making you look like a jackass? Edited May 21, 2018 by Highmark 3 Quote Link to comment Share on other sites More sharing options...
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