CompensationJan 8, 2018
Microsoftscumbum
Corporate tax cut pass through to bonuses
Alaska Airlines is passing through Trump’s corporate tax cuts as employee bonuses. Any tech companies doing the same?
Our CEO just announced our 401k matching will be 200% of 5 percent we contribute from 200% of 3 percent we contribute right now from February. I guess that counts as a bonus. As a company it pays lower 30s in tax rate. So, tax cut is a boon for the shareholders.
But, but the tax cut is gonna hurt middle class.
Ha ha ha! Dude, we’ve been hurting the middle class for over 2 decades now. I often wonder how do the poor and the lower middle class even make it. Everything is designed to benefit the rich. Having grown up in a lower middle class family I totally see the contrast.
No, because the taxes for most large tech companies is going up since a lot of the loopholes have been plugged.
Can you cite a source or two that supports this claim?
Can’t seem to find the article I read but here’s another one: https://www.cnbc.com/amp/2017/12/01/amid-tax-bill-euphoria-one-big-part-of-the-stock-market-is-getting-left-behind-tech.html https://www.bloomberg.com/news/articles/2017-12-05/trump-s-stock-forecast-fails-after-senate-tax-bill-s-bombshell