Tax bill

Schneed10 · 12-30-2017, 09:44 AM

Quote:

Originally Posted by MTK

Trump is the one touting one of the major benefits of the bill as more jobs

Yeah and he’s as uninformed as ever.

Chico23231 · 01-02-2018, 02:44 PM

U.S. companies will pay billions in tax on offshore cash piles - Jan. 2, 2018

Schneed10 · 01-02-2018, 03:28 PM

Quote:

Originally Posted by Chico23231

U.S. companies will pay billions in tax on offshore cash piles - Jan. 2, 2018

This is EXACTLY what I've been harping on. The corporate tax changes mean the US will collect more from corporations, not less.

And companies will save more money going forward.

Chico23231 · 01-02-2018, 03:38 PM

Quote:

Originally Posted by Schneed10

This is EXACTLY what I've been harping on. The corporate tax changes mean the US will collect more from corporations, not less.

And companies will save more money going forward.

Im with you...

Chico23231 · 01-22-2018, 02:19 PM

https://www.reuters.com/article/us-i...-idUSKBN1FB1TK

IMF raises global growth forecast, sees Trump tax boost

dmek25 · 01-23-2018, 09:01 AM

https://www.reuters.com/article/us-a...-idUSKBN1EX1DF

Schneed10 · 01-23-2018, 03:48 PM

Quote:

Originally Posted by dmek25

https://www.reuters.com/article/us-a...-idUSKBN1EX1DF

That sucks. However, what does it have to do with the tax bill? Or did you just think this was the best place for this article? I ain't mad about it either way but I'm left to guess what your point is, since all you did is provide the link.

This decision appears to be in no way related to the new tax bill.

CRedskinsRule · 01-23-2018, 04:53 PM

Quote:

Originally Posted by Schneed10

That sucks. However, what does it have to do with the tax bill? Or did you just think this was the best place for this article? I ain't mad about it either way but I'm left to guess what your point is, since all you did is provide the link.

This decision appears to be in no way related to the new tax bill.

Weirder still it's from Jan 8th, and is only half the story:

Arconic to freeze U.S. pension plans | Economy | qctimes.com

They are simply changing from a pension plan to a 401k retirement plan.

Giantone · 01-23-2018, 05:00 PM

Quote:

Originally Posted by CRedskinsRule

Weirder still it's from Jan 8th, and is only half the story:

Arconic to freeze U.S. pension plans | Economy | qctimes.com

They are simply changing from a pension plan to a 401k retirement plan.

Is that better for employees?

CRedskinsRule · 01-23-2018, 05:03 PM

Quote:

Originally Posted by Giantone

Is that better for employees?

I don't know. The article I posted said that they had already switched new employees to the 401k which was standard in their industry, and now were switching the remaining employees.

Giantone · 01-23-2018, 05:12 PM

Quote:

Originally Posted by CRedskinsRule

I don't know. The article I posted said that they had already switched new employees to the 401k which was standard in their industry, and now were switching the remaining employees.

My wife's employer has done the same but it's not a matching 401k more of a special savings program.

CRedskinsRule · 01-23-2018, 05:14 PM

Quote:

Originally Posted by Giantone

My wife's employer has done the same but it's not a matching 401k more of a special savings program.

The article said this was a 3% contribution matching up to 6%.

dmek25 · 01-23-2018, 05:28 PM

it was posted to show that corporate greed is still running rampant, even after those tax breaks. while some chose to hand back bonuses to their employees, arconic chose to save even more money by freezing our pensions

CRedskinsRule · 01-23-2018, 05:34 PM

Quote:

Originally Posted by dmek25

it was posted to show that corporate greed is still running rampant, even after those tax breaks. while some chose to hand back bonuses to their employees, arconic chose to save even more money by freezing our pensions

I guess you work there, did they not switch over to the 401k or is it a major dropoff in benefits?

BaltimoreSkins · 01-23-2018, 08:10 PM

Quote:

Originally Posted by Giantone

Is that better for employees?

I don't know but I am a BCPS teacher in a Maryland state pension plan. Every pay period 7% of my salary gets taken out of my paycheck and I get no option to how it is invested. To top it off there is no guarantee I will ever be able to withdraw the money much like SS. I know it is very conservative of me but I would prefer if I was required to invest the money but given the option to how I want to invest it. The major difference being that SS helps all walks of people but my plan is exclusively for educators. If you are in the education business you should be smart enough to know how to invest securely IMO.

01-02-2018, 02:44 PM	#152
Chico23231 Warpath Hall of Fame Join Date: Mar 2009 Posts: 33,992	Re: Tax bill U.S. companies will pay billions in tax on offshore cash piles - Jan. 2, 2018 __________________ My pronouns: King/Your ruler He Gets Us

01-22-2018, 02:19 PM	#155
Chico23231 Warpath Hall of Fame Join Date: Mar 2009 Posts: 33,992	Re: Tax bill https://www.reuters.com/article/us-i...-idUSKBN1FB1TK IMF raises global growth forecast, sees Trump tax boost __________________ My pronouns: King/Your ruler He Gets Us

01-23-2018, 09:01 AM	#156
dmek25 MVP Join Date: Oct 2005 Location: lancaster,pa Age: 62 Posts: 10,672	Re: Tax bill https://www.reuters.com/article/us-a...-idUSKBN1EX1DF __________________ "It's better to be quiet and thought a fool than to open ones mouth and remove all doubt." courtesy of 53fan

01-23-2018, 05:28 PM	#163
dmek25 MVP Join Date: Oct 2005 Location: lancaster,pa Age: 62 Posts: 10,672	Re: Tax bill it was posted to show that corporate greed is still running rampant, even after those tax breaks. while some chose to hand back bonuses to their employees, arconic chose to save even more money by freezing our pensions __________________ "It's better to be quiet and thought a fool than to open ones mouth and remove all doubt." courtesy of 53fan

Tax bill

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