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 Post subject: Re: Tax reform
PostPosted: Sat Jan 20, 2018 2:11 pm 
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nero wrote:
The question is what Apple is going to do with rest of the money, after taxes?

Yes, invest some $20 billion for research is a good thing.

But where to invest the rest? Duh, buying back own stock is the best investment.

Mark my words.


Why is that anyone's business but Apple's?

It's their money after all.


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 Post subject: Re: Tax reform
PostPosted: Sat Jan 20, 2018 2:35 pm 
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Welcome back jollypillager! Good to hear your concise, sound arguments once more :)

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 Post subject: Re: Tax reform
PostPosted: Sat Jan 20, 2018 5:44 pm 
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jollypillager wrote:
nero wrote:
The question is what Apple is going to do with rest of the money, after taxes?

Yes, invest some $20 billion for research is a good thing.

But where to invest the rest? Duh, buying back own stock is the best investment.

Mark my words.


Why is that anyone's business but Apple's?

It's their money after all.


That's exactly what I was going to post - except my response was NSFW. :)

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 Post subject: Re: Tax reform
PostPosted: Sat Jan 20, 2018 7:21 pm 
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:lol:

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 Post subject: Re: Tax reform
PostPosted: Sun Jan 21, 2018 9:54 am 
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http://www.sfgate.com/bayarea/article/C ... 508742.php

Quote:
California Democrats want businesses to give half their tax-cut savings to state


By Melody Gutierrez Updated 5:12 am, Sunday, January 21, 2018

SACRAMENTO — California lawmakers are targeting the expected windfall that companies in the state would see under the federal tax overhaul with a bill that would require businesses to turn over half to the state.

A proposed Assembly Constitutional Amendment by Assemblymen Kevin McCarty, D-Sacramento, and Phil Ting, D-San Francisco, would create a tax surcharge on California companies making more than $1 million so that half of their federal tax cut would instead go to programs that benefit low-income and middle-class families.

“Trump’s tax reform plan was nothing more than a middle-class tax increase,” Ting said in a statement. “It is unconscionable to force working families to pay the price for tax breaks and loopholes benefiting corporations and wealthy individuals. This bill will help blunt the impact of the federal tax plan on everyday Californians by protecting funding for education, affordable health care, and other core priorities.”

As a constitutional amendment, the bill would require approval from two-thirds of the Legislature to pass, a difficult hurdle now that Democrats have lost their supermajority. If passed and signed by Gov. Jerry Brown, it would then go to voters for final approval.

Democrats lost their supermajority following resignations of two Assembly Democrats, Matt Dababneh of Encino (Los Angeles County), and Raul Bocanegra of San Fernando Valley (Los Angeles County) amid sexual misconduct allegations. Another Assembly Democrat, Sebastian Ridley-Thomas of Los Angeles, resigned citing health issues. In the Senate, Democrat Tony Mendoza of Artesia (Los Angeles County) is taking a leave of absence pending an investigation into sexual misconduct allegations.


California Democrats have been exploring ways to help those in the state who could end up paying higher federal taxes next year under the Republican tax overhaul.

The GOP overhaul caps state income taxes and local property tax write-offs on the federal income tax return at $10,000, a move expected to hurt high-local-tax states such as California, where the average state and local tax write-off in 2016 was $22,000.

State Senate President Pro Tem Kevin de León introduced legislation this month that would allow Californians to get around the state and local tax cap with a voluntary donation to a charitable fund created by the state of any amount of owed taxes above $10,000. That donation — in lieu of taxes — would allow donors to write off the gifts on their federal tax returns.



Melody Gutierrez is a San Francisco Chronicle staff writer. Email: mgutierrez@sfchronicle.com Twitter: @MelodyGutierrez


State government in California just cannot be happy unless it is dipping its hands (even deeper) into its citizens' pockets

If they should pass this (or even if it doesn't pass but gets serious air time), I wonder how many businesses will consider to move out of the state?

California already has the nation's highest poverty rate....so they figured it was a good time to push employers (aka jobs) away.

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 Post subject: Re: Tax reform
PostPosted: Sun Jan 21, 2018 10:40 am 
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chijohnaok wrote:
California already has the nation's highest poverty rate....so they figured it was a good time to push employers (aka jobs) away.


That is a feature not a bug.

It ensures the population will vote Democrat and will enable Trump to one day add California to the list of Shitholes in the world.

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 Post subject: Re: Tax reform
PostPosted: Wed Jan 24, 2018 4:02 pm 
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Quote:
JPMorgan Chase is giving 22,000 workers a raise.
America's largest bank is also opening up 400 branches in new markets and hiring thousands of new workers as part of a $20 billion spending spree unveiled on Tuesday.

The company said the five-year investment was made possible by the federal tax overhaul and a "more constructive regulatory and business environment." Banks have been among the biggest winners from the corporate tax cuts and President Trump's efforts to cut red tape.

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JPMorgan (JPM) promised to hire 4,000 employees in the United States and to ramp up its small business lending by $4 billion.

For those already working at JPMorgan, the bank plans to boost pay for tellers, customer service representatives and other mostly frontline workers to between $15 and $18 an hour. New York, San Francisco and Boston employees will get $18 an hour, while pay in Chicago, Detroit and Wilmington, Delaware, will go to $16.50.

The pay hikes, amounting to an average of 10% for 22,000 employees, come as the minimum wage in dozens of states and cities has increased.

JPMorgan also plans to open up 400 new branches over the next five years in 15 to 20 new markets. The new locations will employ about 3,000 people.

"When we enter a community, we enter it with the full force of JPMorgan Chase behind it," CEO Jamie Dimon said in a statement. "We hire people. We lend to and support local businesses."


http://money.cnn.com/2018/01/23/investi ... index.html

Quote:
125,000 Disney employees to receive $1,000 cash bonus due to tax reform

    Disney announces a one-time cash bonus of $1,000 for over 125,000 employees.
    The company will also make a $50 million investment into a new employee education program.
    Both initiatives are a result of the recent tax reform.




https://www.cnbc.com/2018/01/23/125000- ... ogram.html

Quote:
Starbucks to boost worker pay and benefits after US lowers corporate taxes

    Starbucks will give domestic employees pay raises, company stock, and expanded benefits.
    The enhanced compensation is worth of more than $250 million, the company said.
    Starbucks is known for giving its workers more generous pay and benefits than other mass-market restaurants and retailers.

https://www.cnbc.com/2018/01/24/starbuc ... taxes.html

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 Post subject: Re: Tax reform
PostPosted: Thu Jan 25, 2018 12:59 pm 
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https://www.cnbc.com/2018/01/25/home-de ... eform.html

Quote:
Home Depot hourly employees to receive up to $1,000 bonus due to tax reform


    Home Depot joins a growing list of corporations using new tax benefits to invest in their workers.
    Certain additional expenses and the bonus payments will negatively impact Home Depot's fiscal 2017 earnings.
    Home Depot is still evaluating how new tax legislation will impact the business in fiscal 2018, but said it should be "beneficial."

Lauren Thomas | @laurenthomasx3
Published 3 Hours Ago Updated 22 Mins Ago



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 Post subject: Re: Tax reform
PostPosted: Thu Jan 25, 2018 1:00 pm 
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https://www.bloomberg.com/news/articles ... ment-punch

Quote:
The U.S. economy probably ended last year with the longest stretch of 3 percent-or-better growth since 2005. The $17 trillion question is, can it keep up this performance this late in the business cycle?

Solid consumer spending, accelerating business investment and a housing rebound combined to drive fourth-quarter demand in the world’s largest economy. Gross domestic product expanded at a 3 percent annualized rate after 3.2 percent in the third quarter and 3.1 percent in the previous period, according to the Bloomberg survey median ahead of Commerce Department data due Friday.

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 Post subject: Re: Tax reform
PostPosted: Thu Jan 25, 2018 2:14 pm 
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15 December 2017:

Quote:
The regional central bank’s “Nowcast” model calculated the economy was expanding at an annualized pace of 3.98 percent in the fourth quarter, quicker than the 3.92 percent rate calculated a week ago.


https://www.reuters.com/article/us-usa- ... E9292?il=0

I expect to see at least 4% growth in 2018... even with all the shitty weather.

Notice how Disney announced a 50 million training plan?

Employment is tightening. That drives up competition, which drives up salaries. Training is a way to fill vacancies with Americans.

The global solution is to important trained people and stifle raising salaries.

Which is better for America?

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