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Baker Boy

Over 100 companies giving 'Trump Bonuses' after tax victory, 'tsunami building'

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http://www.washingtonexaminer.com/over-100-companies-giving-trump-bonuses-after-tax-victory-tsunami-building/article/2644944

 

As it turns out the people getting hurt by the new tax law are the rich in Blue States. I find it comical that these rich people are the same people who preach that the rich should pay more.

 

If it werent for double standards the Left would have no standards at all.

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My daughter got a big bonus too.

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Many companies paid higher bonuses and prepaid vendor invoices for January to reduce the 2017 tax burden. In 2018, they will retain more earnings with the lower tax rate.

 

Many individuals did similar things

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Many companies paid higher bonuses and prepaid vendor invoices for January to reduce the 2017 tax burden. In 2018, they will retain more earnings with the lower tax rate.

 

Many individuals did similar things

This.

 

If it weren't for dimwits, Trumps crew wouldn't have any wits whatsoever.

 

In other news, States record a massive influx in property tax revenues this year!

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Will it cause her to question the Democrats' claim that this tax plan only help rich?

No, she didn't think about it. Neither did I until this thread.

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Many companies paid higher bonuses and prepaid vendor invoices for January to reduce the 2017 tax burden. In 2018, they will retain more earnings with the lower tax rate.

 

Many individuals did similar things

I don't make enough money to fully understand this.

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I don't make enough money to fully understand this.

 

Which part? For companies, their tax rate is higher in 2017 than it will be in 2018, so:

- they pay out bonuses at the end of 2017 so that they have less profit and, therefore, less taxable income since it is at a higher rate

- they pay their vendors early for anything that they have been invoiced or can be prepaid so that they have less profit in 2017 and, therefore, less taxable income since it is at a higher rate

 

For individuals, it is a little different. Since the new tax law limits deductions on state and local income taxes, plus property taxes (among other things), many individuals will not be itemizing next year. So, before the end of the year, they did things such as:

- pay property taxes for 2018 (whatever was assessed) so that they can claim the deduction in 2017 since they won't get it in 2018

- donated to charity so that they can claim the deduction in 2017 since they won't get it in 2018

 

If you never itemized before, you won't see the difference.

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Thank you so much for that clear explanation. My heart breaks a little knowing how this is common sense to most people.

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Thank you so much for that clear explanation. My heart breaks a little knowing how this is common sense to most people.

 

It's not, so you can feel better. I hope many of the companies paying "Trump bonuses" in '17 continue to pay them in '18. We shall see.

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I don't make enough money to fully understand this.

These two (wiff and Pats) are being a bit deceiving as if these companies would still have given the employees this money had the taxcuts not gone through.

 

Yes, the companies want to get more money off the books BUT they could have done that in other ways such as buying more equipment, etc. They gave money to employees to boost morale and it only happened because of the taxcuts that NOT A SINGLE DEMOCRAT VOTED FOR.

 

Free your mind peenie and the rest will follow. You owe the Democratic party nothing.

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These two (wiff and Pats) are being a bit deceiving as if these companies would still have given the employees this money had the taxcuts not gone through.

 

Yes, the companies want to get more money net income off the books BUT they could have done that in other ways such as buying more equipment, etc. They gave money to employees to boost morale and it only happened because of the taxcuts that NOT A SINGLE DEMOCRAT VOTED FOR.

 

Free your mind peenie and the rest will follow. You owe the Democratic party nothing.

 

I agree with this. Companies aren't paying bonuses to reduce their profits and tax burden. Just like an individual isn't going to say, "Sorry XYZ company, you can keep my bonus. It's going to put me in the next tax bracket, so I'd rather not have it." Sure, my effective tax rate goes up if the bonus puts me in the next tax bracket, but the total going into my pocket is more than it would have been without the bonus.

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Which part? For companies, their tax rate is higher in 2017 than it will be in 2018, so:

- they pay out bonuses at the end of 2017 so that they have less profit and, therefore, less taxable income since it is at a higher rate

- they pay their vendors early for anything that they have been invoiced or can be prepaid so that they have less profit in 2017 and, therefore, less taxable income since it is at a higher rate

 

For individuals, it is a little different. Since the new tax law limits deductions on state and local income taxes, plus property taxes (among other things), many individuals will not be itemizing next year. So, before the end of the year, they did things such as:

- pay property taxes for 2018 (whatever was assessed) so that they can claim the deduction in 2017 since they won't get it in 2018

- donated to charity so that they can claim the deduction in 2017 since they won't get it in 2018

 

If you never itemized before, you won't see the difference.

You left out almost doubling the standard deduction.

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Republicans demonize the poor as lazy and wanting handouts and blacks as uneducated, unpatriotic single parent criminals.

 

But I also hate that the media keeps trying to shove down our throats that there is no place in the Republican Party for minorities.

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You left out almost doubling the standard deduction.

 

Which will help many people depending on where you live. I did not cover all of the aspects of the tax bill (pros or cons) as much of it is unknown at this point. I was merely answering her question, not writing a comprehensive story.

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It's not, so you can feel better. I hope many of the companies paying "Trump bonuses" in '17 continue to pay them in '18. We shall see.

 

Agreed. We don't know what will happen in 2018. All we can go on is what we are seeing today and the reaction thus far has been positive. I still worry if we are going to be able to pay for the corporate tax cuts, just like I was worried about paying for the increased spending on social programs in the past. Congress never wants to deal with that hard reality.

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Republicans demonize the poor as lazy and wanting handouts and blacks as uneducated, unpatriotic single parent criminals.

If the Republicans aren't interested in helping the needy then why is it in their best interests to portray blacks as needy? The reality is the right doesn't talk about the white or black population hardly at all, the left are the race baiters.

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Republicans demonize the poor as lazy and wanting handouts and blacks as uneducated, unpatriotic single parent criminals.

 

But I also hate that the media keeps trying to shove down our throats that there is no place in the Republican Party for minorities.

they dont demonize the poor as lazy, they demonize the lazy as lazy.

 

Stop being a sheep to the fake news/fake outrage.

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Republicans demonize the poor as lazy and wanting handouts and blacks as uneducated, unpatriotic single parent criminals.

 

But I also hate that the media keeps trying to shove down our throats that there is no place in the Republican Party for minorities.

I think the black community are the ones that portray themselves as unpatriotic. They still hold slavery out as an example of the mistreatment they endured, never acknowledging that a lot of men died to end slavery and that this is the best country in the world to be black. We hear plenty about the bad, and there was plenty of bad, but nothing about the good, and there is plenty of that as well.

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Republicans demonize the poor as lazy and wanting handouts and blacks as uneducated, unpatriotic single parent criminals.

But I also hate that the media keeps trying to shove down our throats that there is no place in the Republican Party for minorities.

Have you ever heard a Rep. say that? There must be thousands of links. Why don’t you include a few?

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Republicans demonize the poor as lazy and wanting handouts and blacks as uneducated, unpatriotic single parent criminals.

 

But I also hate that the media keeps trying to shove down our throats that there is no place in the Republican Party for minorities.

Not a single Demkcrat voted for the tax bill yet you see it does benefit peolle other than the rich. Also, double child tax credits benefit whom? All classes.

 

What else are the Democrats lying to you about?

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When there is a discussion about welfare the images are of black people, when the discussion is about crime the images are of black people.

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Which part? For companies, their tax rate is higher in 2017 than it will be in 2018, so:

- they pay out bonuses at the end of 2017 so that they have less profit and, therefore, less taxable income since it is at a higher rate

 

The corporate tax rate has been 35% for decades.

 

Many paid the bonuses in 2017 for that reason but the bonuses were paid because of the tax cut. Otherwise they would do this every year to lower their profit.

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The corporate tax rate has been 35% for decades.

 

Many paid the bonuses in 2017 for that reason but the bonuses were paid because of the tax cut. Otherwise they would do this every year to lower their profit.

 

You are missing the point. You wanted to pay stuff on your 2017 books because the tax rate is (still) higher than it will be next year. That includes bonuses that you were likely to pay next year anyway and any invoices that you would normally be paying in January/February.

 

Trust me. We did it (and we also dealt with our 401k match sooner than we would have) to address the tax change. We know what our tax burden is for 2017 and we can reasonably determine that our corporate tax burden will be less next year (21% instead of 35%).

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You are missing the point. You wanted to pay stuff on your 2017 books because the tax rate is (still) higher than it will be next year. That includes bonuses that you were likely to pay next year anyway and any invoices that you would normally be paying in January/February.

 

Trust me. We did it (and we also dealt with our 401k match sooner than we would have) to address the tax change. We know what our tax burden is for 2017 and we can reasonably determine that our corporate tax burden will be less next year (21% instead of 35%).

 

You are missing the point, the bonuses are being paid because of the tax cuts, it doesn’t matter to me when I get it. The narrative from the Left was that the corps were going to keep all the savings and that has been proven wrong.

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You are missing the point, the bonuses are being paid because of the tax cuts, it doesn’t matter to me when I get it. The narrative from the Left was that the corps were going to keep all the savings and that has been proven wrong.

 

You are only looking at the short-term. We will have to see what happens in 2018 and 2019 to see what "business as usual" will look like under the new tax plan.

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You are missing the point. You wanted to pay stuff on your 2017 books because the tax rate is (still) higher than it will be next year. That includes bonuses that you were likely to pay next year anyway and any invoices that you would normally be paying in January/February.

 

Trust me. We did it (and we also dealt with our 401k match sooner than we would have) to address the tax change. We know what our tax burden is for 2017 and we can reasonably determine that our corporate tax burden will be less next year (21% instead of 35%).

 

Some of these companies are also increasing their 401k match. I have not seen any indication that this is a one year only increase. How about giving some of these companies credit for actually passing along some of these tax savings to their employees.

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Some of these companies are also increasing their 401k match. I have not seen any indication that this is a one year only increase. How about giving some of these companies credit for actually passing along some of these tax savings to their employees.

 

All part of the corporate strategy. I do give them credit, but it is far more than these 100 companies who are doing it to minimize their tax burden. It has been going on for a very long time every year. My point is that you do not know if this is a one-time thing or if it will be part of normal business yet.

 

It is a great thing that this is happening, but unless it is part of the long-term way businesses will operate, then I don't see it helping any more than the silly "rebates" that we got under Bush. We are still spending more than we bring in and just making the deficit bigger.

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You are only looking at the short-term. We will have to see what happens in 2018 and 2019 to see what "business as usual" will look like under the new tax plan.

 

I really dont get what keeping the tax cut for themselves means. The Corporations in America are owned by working men and women, millions of us.. State and Federal retirement funds are also owners

The fact that the consumer pays the corporate tax in the price of the product seems to escape everyone.

 

The entire argument makes no sense.

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I really don’t get what keeping the tax cut for themselves means. The Corporations in America are owned by working men and women, millions of use. State and Federal retirement funds are also owners, the consumer pays the corporate tax in the price of the product.

 

The entire argument makes no sense.

 

The premise around the tax cut for corporations is that the money will end up in consumer's hands so that they will then buy more stuff. If you look at the compensation gap between the executives and working class folks in these companies, it has increased markedly. So, if the higher end folks are making even more of that money in the future, then it is not going to end up in as many consumer's hands.

 

It is how the distribution of money happens that gives people pause.

 

For me, I like lower tax rates for everyone. I just think that you have to cut the spending side or it really isn't sustainable and I have not seen anything from either party that controlling spending is going to happen.

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Which will help many people depending on where you live. I did not cover all of the aspects of the tax bill (pros or cons) as much of it is unknown at this point. I was merely answering her question, not writing a comprehensive story.

I understand but for her it is probably a huge tax savings. :dunno: That is all I was getting at.

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I got the same bonus I got the previous 4 years.

 

but at the Holiday party, I heard twice, we didn't make as much as we made last year.

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When there is a discussion about welfare the images are of black people, when the discussion is about crime the images are of black people.

The right doesn't much discuss these things. The images you are getting are from the left. :dunno:

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I understand but for her it is probably a huge tax savings. :dunno: That is all I was getting at.

 

I would hope so. She lives in a red state and the standard deduction will hopefully treat her just fine.

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When there is a discussion about welfare the images are of black people, when the discussion is about crime the images are of black people.

The best you could do is an interview from 1981. That says a lot doesnt it.

 

Why do you think Republicans are doing this and not the Democrats? The Left controls the airwaves, so do the math.

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I would hope so. She lives in a red state and the standard deduction will hopefully treat her just fine.

New York, California, Mass. are lucky the elimination of the State and Local tax deduction for corporations was shot down.

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The premise around the tax cut for corporations is that the money will end up in consumer's hands so that they will then buy more stuff. If you look at the compensation gap between the executives and working class folks in these companies, it has increased markedly. So, if the higher end folks are making even more of that money in the future, then it is not going to end up in as many consumer's hands.

 

It is how the distribution of money happens that gives people pause.

 

For me, I like lower tax rates for everyone. I just think that you have to cut the spending side or it really isn't sustainable and I have not seen anything from either party that controlling spending is going to happen.

 

Agree!

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Republicans demonize the poor as lazy and wanting handouts and blacks as uneducated, unpatriotic single parent criminals.

 

But I also hate that the media keeps trying to shove down our throats that there is no place in the Republican Party for minorities.

Republicans and Democrats both demonize the poor as lazy and wanting handouts and blacks as uneducated, unpatriotic single parent criminals.

 

Trump is neither. He is cracking down on violent criminals, sex traffickers, drug traffickers, all of whom were aided or ignored by the Obama administration.

 

Trump is providing safer communities for all, including minorities, and bringing more jobs with higher pay to all, including minorities.

 

Dems are terrified. If blacks, browns, and poors have more money in their pocket and the confidence that comes from being able to provide for your family they will stop voting for Dems. Dems NEED blacks and browns to be poor and uneducated and 100% dependent on the government to solve all their problems.

 

When people have money in their pocket they don't give a about transgender bathrooms or sanctuary status for illegal criminals.

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