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re: Bank of America to give $1000 bonuses to most of its employees
Posted on 12/22/17 at 12:13 pm to 4cubbies
Posted on 12/22/17 at 12:13 pm to 4cubbies
quote:Yes. According to this Gallup poll 52% of Americans say they own stock. And as the article says, that's a low for the poll.
Do most individuals own corporations?
LINK
That's only a poll. I'm willing to bet the figure is much higher because most people, like you, don't comprehend that you own stocks in your retirement plan if your plan owns mutual funds.
1
Posted on 12/22/17 at 12:13 pm to Contra
quote:Great PR move.
Rachel Louise Ensign @RachelEnsignWSJ Bank of America is now the latest company to hand out bonuses post-tax bill. Most staffers are getting $1,000, per internal memo $BAC
Posted on 12/22/17 at 12:14 pm to Centinel
quote:
I'll ask you again. What do you think corporations do with money saved from a lower tax rate?
There's no mandate, bud. They may pay off debt, invest it, give it out in bonuses - who knows?
Are you seriously arguing for trickle down economics?
Posted on 12/22/17 at 12:15 pm to 4cubbies
quote:
Most Americans are corporations? That's news to me.
Posted on 12/22/17 at 12:16 pm to 4cubbies
quote:I'm not asking you to "operate in the realm of "should."" You've used that same phrase at least twice in this thread. It's not applicable to my question.
Again, do you think not paying as much to the government is considered a handout from government?
Taxes are a reality. I can't operate in the realm of "should."
In fact, I'm asking you a question based on reality: do you believe not paying as much in taxes is a "handout"? The question applies to individuals as well as corporations.
Posted on 12/22/17 at 12:16 pm to Contra
Some idiot was telling me this will not trickle down, and I was like what about ATT, oh that doesnt count, HUH.
Posted on 12/22/17 at 12:18 pm to 4cubbies
quote:
They may pay off debt
What impact does this have on the company's value and therefore stock price?
quote:
invest it
Same question.
After you answer these questions, who owns a corporation?
After you answer this question, what makes up the majority of your 401(k) or retirement fund?
Now after you answer this finally question, you'll understand why lower corporate tax rates are a positive thing for the majority of the people in this country.
This post was edited on 12/22/17 at 12:21 pm
Posted on 12/22/17 at 12:18 pm to LSURussian
quote:
most people, like you, don't comprehend that you own stocks in your retirement plan if your plan owns mutual funds.
That only matters if you're cashing out though. It's like property, the value isn't impactful unless you're selling.
Posted on 12/22/17 at 12:20 pm to ninthward
quote:
Some idiot was telling me this will not trickle down, and I was like what about ATT, oh that doesnt count, HUH.
Seriously? You see a couple companies give out small bonuses and you're all "PROOF POSITIVE THAT TRICKLE DOWN WORKS!!"
Posted on 12/22/17 at 12:21 pm to 4cubbies
quote:
A tax cut is a hand out.
You've been brainwashed beyond repair.
Posted on 12/22/17 at 12:21 pm to 4cubbies
quote:So you've enjoyed your handout for 15yrs. That's fine I guess. I'm curious though. What terminology would you use for those of us who've seen significant tax increases to pay for your handout?
If taxes are levied and then suddenly are levied at a lower rate for certain people or entities, it's a hand out.
Posted on 12/22/17 at 12:22 pm to LSURussian
quote:
In fact, I'm asking you a question based on reality: do you believe not paying as much in taxes is a "handout"? The question applies to individuals as well as corporations.
If the bill is not covered in full (ie we have a deficit) and certain groups get preferential tax cuts, I do view that as a handout.
Posted on 12/22/17 at 12:22 pm to MrLarson
Ya, the logic of the government taking less of your money being a handout is a head scratcher for me.
ETA: I mean unless you come from the statist mentality that the money is the government's first and foremost, and they decide how much you get to keep.
Which it seems cubbies falls under. But she's in academia so not surprising. No real world experience.
ETA: I mean unless you come from the statist mentality that the money is the government's first and foremost, and they decide how much you get to keep.
Which it seems cubbies falls under. But she's in academia so not surprising. No real world experience.
This post was edited on 12/22/17 at 12:26 pm
Posted on 12/22/17 at 12:23 pm to 4cubbies
quote:
If the bill is not covered in full
What does that even mean?
Posted on 12/22/17 at 12:24 pm to 4cubbies
quote:Based on the tax cut, AT&T is distributing $1000.00 bonus checks to 200,000 workers.
companies give out small bonuses
Posted on 12/22/17 at 12:26 pm to Contra
What a slap in the face to these employees. These CEOs and shareholders will profit billions from this tax bill and all they can manage is a measly 1 time bonus of 1,000 dollars? Tossing scraps to the peasants won't stop the #revolution from happening next November!
Posted on 12/22/17 at 12:26 pm to 4cubbies
quote:The bill was scored in static analysis. It was not scored to "cover".
If the bill is not covered in full (ie we have a deficit)
Posted on 12/22/17 at 12:26 pm to 4cubbies
quote:
This is not gospel. Individuals may or may not see a benefit from corporate tax cuts.
I can unequivocally say that individuals will see the benefit of corporate tax cuts. Now, a conversation can be had about what group of individuals those may be, but at the end of the day, it will benefit individuals 100%.
Posted on 12/22/17 at 12:28 pm to NC_Tigah
quote:
Based on the tax cut, AT&T is distributing $1000.00 bonus checks to 200,000 workers.
ATT spent 16 million in campaign contributions. I'm supposed to kiss their asses over 200k?
Posted on 12/22/17 at 12:28 pm to 4cubbies
quote:
4cubbies
So to sum up this thread you have no understanding of:
-corporations and how they operate
-who owns a corporation
-tax policy
-investing
-composition of retirement plans
Am I missing anything folks?
ETA:
-math
This post was edited on 12/22/17 at 12:29 pm
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