Quote:
Originally Posted by MrBaldBastard
GOP tax bill: AT&T, Boeing among corporations rewarding employees | Fox Business
I just looked at 1 At&t
Annual Turnover 2016 163 Billion
- Tax rate dropped from 35% to 21%
In theory company will now save!!!
Tax on that @ %35 is 57.07 Billion
New Tax @ 21% is 22.82 Billion
At&T will save 34.23 Billion a year!
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And from that they are going to invest an extra.. 1 billion and give employees a $1000 one off Extra Xmas bonus for 200,000 employees... 200 million
1 billion extra investment
0.2 billion in actual extra money for workers
34,000,000,000 for the company directors bonus..
So Much WINNING!!!!
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Taxes are paid on profit, not turnover. ATT has about 8% profit margin, so you need to multiply all your numbers by .08.
If you think that ATT is making out great on this new tax deal, buy their stock and enjoy the easy $$, not sure where the problem is?