Companies raising wages due to tax bill.

[SunsetBengal]

(01-16-2018, 01:42 PM)fredtoast Wrote: Actually just more bullshit to fool the rubes.

Any money re-invested in the company was ALREADY tax free under the old tax law.  Under the old law it saved the company 35 cents on the dollar.  Now this re-investment just saves them 20 cents on the dollar.  They actually had more incentive to invest under the old law.

Taxes do not effect profits because profits have to be calculated before the tax is applied.  All that is happening here is companies are making decisions that have nothing to do with the new tax bill and giving credit to the new tax bill so they can move to have their taxes dropped even more in the future.

And the Trump base who do not understand tax law are eating it up.

(01-16-2018, 01:52 PM)Belsnickel Wrote: So, lowering the corporate tax rate to a rate higher than what the GM effective tax rate has been for the past three years made this possible? I call bullshit.

Forgot to add, those effective rates are based on total U.S., state, local, and international taxes.

What you both say may or not be true.  But what is true is that many people will now have good job opportunities, and an opportunity to contribute to the big pot, rather than simply being beneficiaries of the pot.

And while you seem to be correct about the tax corporate tax rate, there must be some sort of economic advantage for a corporation to relocate jobs and facility to the US.  We all know that wages are much less in Mexico, so why move back to pay more?