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Americans Expect Biggest Pay Jump in Years

j-mac said:
"Results of the New York Fed poll also showed 39 percent of consumers felt their personal finances were in better shape than a year earlier..."

"46 percent expected to be in better shape in a year."

So, that's a bad thing to you?
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Sounds like the 'hopey changey thing' that Sarah Palin like to bring up!

:mrgreen:



Where can you spend feelings and expectations?
 
Rexedgar said:
Sounds like the 'hopey changey thing' that Sarah Palin like to bring up!

:mrgreen:



Where can you spend feelings and expectations?
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Sigh....What ever....I guess we all just need to be dower all the damned time....Well, I am getting more in my take home, and I am happy about it...If you're not? Give it back.
 
gdgyva said:
most paying zero?

citation please

because as a shareholder of a LOT of s&p 500 companies, i cant think of one that pays zero taxes...not one

now a couple paid zero a few years back when their losses mounted, and they used those loss carry forwards into future years

but cite me something showing where even 10-15% pay zero tax now or even in last couple of years....i will wait
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Obviously you don't pay attention:

https://www.usatoday.com/story/mone...-profitable-companies-paid-no-taxes/81399094/

Now, you might just want to do a search on what the median tax rate is for corporations. Well, if you were even close to wanting to know the truth that is.
 
j-mac said:
Not at all, but I don't really have the time, nor the inclination to educate yet another liberal that can only seem to pound out talking point blather from their computer, in between cheetos, and gulps of cherry cokes in Mom's basement.

toodles.
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In other words, "I am too stupid to know anything so I will just say I have not the time".
 
Old Trapper said:
Obviously you don't pay attention:

https://www.usatoday.com/story/mone...-profitable-companies-paid-no-taxes/81399094/

Now, you might just want to do a search on what the median tax rate is for corporations. Well, if you were even close to wanting to know the truth that is.
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27 out of 500...from 2015...not exactly what you wrote in your statement is it?

and did you read why? do you understand HOW the tax code works?

or are you just another big evil corporation type?

do you understand tax loss carry forwards?

you know companies lose money some years right?

There are a number of reasons why a profitable company may not pay taxes. For instance, years of deep losses can affect a tax bill.

Take United Continental, which reported a $3.2 billion income tax credit in 2015 despite reporting earnings before taxes of $4.2 billion. Accounting rules allow the airline to offset taxes due with valuation allowances resulting from losses in past years. During 2015, these allowances amounted to $4.7 billion which erased the company's $1.5 billion tax bill based on its normal corporate tax rate.

It was a similar situation at Level 3. The company booked a tax credit of $3.2 billion in 2015 despite recording a pre-tax profit of $283 million in the same year. The tax gain was the result of credits associated with losses in previous years in addition to losses at Colorado-based TW Telecom, which Level 3 bought in 2014.

from your article....reading is fundamental
 
Inflation rose 0.5% today. There goes your temporary tax cut!
 
j-mac said:
Surplus to Treasury, Wages going up....And Pelosi before the tax cut called it "Armageddon"... Now I am no financial wiz, but this news all looks good....Refreshing.
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That's because Pelosi is a partisan fool.

Here is the Nominal Wage Tracker from the Economic Policy Institute. Wages "going up" is a year-by-year trend throughout recovery. If the anticipated hope of a leap does happen, it will follow the big boost in other areas of the economy that began to appear in mid 2016. However, this hope of wage increases comes down to corporations being benevolent. Since the worker's share of corporate income nose dived in 2010, without recovery, history proves otherwise. And please don't declare "tax-cuts" because Corporate America was sitting on $1.9 trillion before the cuts. Whatever the corporations do will be political, not because all of a sudden they economically can.

And it is not refreshing to hope for wage increases.
 
Khayembii Communique said:
We'll see on Wednesday when CPI comes out. Hopefully inflation hasn't picked up too much. In any case this has nothing to do with the tax cut so I don't know why you're bringing that up.
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The feds in general expect a 3% rise in inflation during a healthy economy.
 
MTAtech said:
They'll need that extra cash (even though it isn't very much) to pay for the higher prices because the tax-cut is causing inflation fears.

Consumer prices jump much more than forecast, sparking inflation fears
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There's also talk of...

- A gas tax increase this year, which will raise the prices of common goods
- The GOP attacking Medicaid/Medicare this year, which probably mean new taxes for a government that immediately didn't have enough money for border walls and lightsabers.
- And trade tariffs, which are sure to increase the price of specific goods.

Their are many pieces to the economic pie. But fans of the tax-cut Bill only see the potential to become millionaires with their extra few dollars that they may see in 2019. I have argued and argued...the government will compensate for the so-called temporary cut. And then, of course, the temporary cut clock strikes midnight.
 
ludin said:
The feds in general expect a 3% rise in inflation during a healthy economy.
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A 3% rise inflation signals rate rises which acts as a brake on the economy. The problem is that we are starting to see inflation while at the same time we just passed a massive stimulus package in the form of tax cuts. That implies that we're going to see big, rapid interest rate increases over the next year or two.
 
j-mac said:
Surplus to Treasury, Wages going up....And Pelosi before the tax cut called it "Armageddon"... Now I am no financial wiz, but this news all looks good....Refreshing.
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Deeper and deeper into debt which used to be considered unwise, more socialism for the aristocracy at the expense of society at large, and we could have achived higher education for all, or universal healthcare, with what we handed the military/industrial/surveillance complex (Lord knows you were right Ike), which was added onto this:

https://www.pgpf.org/chart-archive/0053_defense-comparison

But pay no heed to that, just follow and swallow; fweedumb.
 
gdgyva said:
27 out of 500...from 2015...not exactly what you wrote in your statement is it?
Click to expand...

Do you understand the concept of an "example", or do you think they should list all of the companies that paid no taxes?

and did you read why? do you understand HOW the tax code works?

or are you just another big evil corporation type?

do you understand tax loss carry forwards?
Click to expand...

I understand the loopholes that corporations have been given to avoid paying taxes.

you know companies lose money some years right?
Click to expand...

I understand that the article said these corporations made a profit. Do you?

There are a number of reasons why a profitable company may not pay taxes. For instance, years of deep losses can affect a tax bill.

Take United Continental, which reported a $3.2 billion income tax credit in 2015 despite reporting earnings before taxes of $4.2 billion. Accounting rules allow the airline to offset taxes due with valuation allowances resulting from losses in past years. During 2015, these allowances amounted to $4.7 billion which erased the company's $1.5 billion tax bill based on its normal corporate tax rate.

It was a similar situation at Level 3. The company booked a tax credit of $3.2 billion in 2015 despite recording a pre-tax profit of $283 million in the same year. The tax gain was the result of credits associated with losses in previous years in addition to losses at Colorado-based TW Telecom, which Level 3 bought in 2014.
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from your article....reading is fundamental
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Regardless of the methodology used as granted to the corporation by the government, the end result is they paid no taxes. Common sense, and critical thinking, are really quite useful.
 
gdgyva said:
27 out of 500...from 2015...not exactly what you wrote in your statement is it?
Click to expand...

Do you understand the concept of an "example", or do you think they should list all of the companies that paid no taxes?

and did you read why? do you understand HOW the tax code works?

or are you just another big evil corporation type?

do you understand tax loss carry forwards?
Click to expand...

I understand the loopholes that corporations have been given to avoid paying taxes.

you know companies lose money some years right?
Click to expand...

I understand that the article said these corporations made a profit. Do you?

There are a number of reasons why a profitable company may not pay taxes. For instance, years of deep losses can affect a tax bill.

Take United Continental, which reported a $3.2 billion income tax credit in 2015 despite reporting earnings before taxes of $4.2 billion. Accounting rules allow the airline to offset taxes due with valuation allowances resulting from losses in past years. During 2015, these allowances amounted to $4.7 billion which erased the company's $1.5 billion tax bill based on its normal corporate tax rate.

It was a similar situation at Level 3. The company booked a tax credit of $3.2 billion in 2015 despite recording a pre-tax profit of $283 million in the same year. The tax gain was the result of credits associated with losses in previous years in addition to losses at Colorado-based TW Telecom, which Level 3 bought in 2014.

from your article....reading is fundamental
Click to expand...

Regardless of the methodology used as granted to the corporation by the government, the end result is they paid no taxes. Common sense, and critical thinking, are really quite useful.
 
Samhain said:
I get paid bi-monthy; federal taxes went down $135 for my 2/15 check.
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Yeah, the difference in my Federal tax burden from 2017 to 2018 will be nearly $6,000. I'm certainly not complaining.
 
Old Trapper said:
Do you understand the concept of an "example", or do you think they should list all of the companies that paid no taxes?



I understand the loopholes that corporations have been given to avoid paying taxes.



I understand that the article said these corporations made a profit. Do you?

There are a number of reasons why a profitable company may not pay taxes. For instance, years of deep losses can affect a tax bill.



Regardless of the methodology used as granted to the corporation by the government, the end result is they paid no taxes. Common sense, and critical thinking, are really quite useful.
Click to expand...


so, if a company makes a profit in year 10 of their business operations after losing money the first 9....they should just forget the first 9 years, and pay just off the profits of year 10 according to you

take Elon Musk and his electric cars....eventually they may make a profit....and it WILL be good for everyone, but the losses are deep at the beginning....

do you understand how your concept would devastate the current business model? why would businesses take the risks if they couldnt write them off eventually?
 
Khayembii Communique said:
A 3% rise inflation signals rate rises which acts as a brake on the economy. The problem is that we are starting to see inflation while at the same time we just passed a massive stimulus package in the form of tax cuts. That implies that we're going to see big, rapid interest rate increases over the next year or two.
Click to expand...

I've not seen 3% as the target for a healthy economy. I usually see 2% as the target (I believe that is the level the Fed targets), with sub 2% seen as a more stagnant economy while over 2% is entering bubble territory. That said, inflation in 2017 ended up averaging a healthy 2.13%, and January 2018 came in at 2.07%. (source)

If inflation stays within that 2% range I don't see the Fed changing the interest rate.

2017 was one of only two years in the past 15 to fall within the healthy range. Most of the last 9 years have been stagnant, with the majority of years showing stagnation and 2012 coming in at over 3%.
 
Not all of us real Americans who care about our election system being compromised can be bought off so easily. There is no price on integrity, no matter how much Trump bribes the electorate.
 
yankintx said:
Not all of us real Americans who care about our election system being compromised can be bought off so easily. There is no price on integrity, no matter how much Trump bribes the electorate.
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:roll:
 
Who knew the GOP as a party could sell out so cheap for a few dollars.
 
j-mac said:
No, of course not....I remember in the 80's this type of response was the normal too...Reagan's tax cuts resulted in month after month, quarter after quarter or good economic news, and liberals at the time diminished it, ignored it, even said that what was being reported was a lie.....History repeats.
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You went through the eighties in blissful ignorance. During Reagan’s eight fiscal years, deficits went up faster than revenue. That’s not a good economy. Expense going up faster than income is bad, IMO. The debt nearly tripled, going up 291%. Unemployment went from 7% to 6.5%. Unemployment at 6.5% is not very good. And, yes, history will repeat itself. The run-ups in debt during the Reagan and Bush2 years of tax breaks for the rich and corps while the rest of the public fed on crumbs is being repeated by Trump and the Republicans. Under Clinton and Obama, revenue went up faster than deficits, which went down, and unemployment was better. Consider your claim of good economic results refuted. Or are you just saying it was the ignorant news that was good?
 
gdgyva said:
so, if a company makes a profit in year 10 of their business operations after losing money the first 9....they should just forget the first 9 years, and pay just off the profits of year 10 according to you
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Companies can write off their losses each year. Are you allowed to extend your losses out over the years? Trump even wants to take away your ability to write off mortgage costs, or property taxes.

take Elon Musk and his electric cars....eventually they may make a profit....and it WILL be good for everyone, but the losses are deep at the beginning....
Click to expand...

Surely you are not suggesting Musk loses money each year? What of a company like GE that has not paid taxes in years? Do you think they lose money each year?


do you understand how your concept would devastate the current business model? why would businesses take the risks if they couldnt write them off eventually?
Click to expand...

They can write them off each year as it is. Do you understand how the system would be more honest if they did so?

But tell me, if a company loses money for 9 straight years should they even be in business? Could you keep your home if you had a negative income for 9 years?
 
gdgyva said:
most paying zero?

citation please

because as a shareholder of a LOT of s&p 500 companies, i cant think of one that pays zero taxes...not one

now a couple paid zero a few years back when their losses mounted, and they used those loss carry forwards into future years

but cite me something showing where even 10-15% pay zero tax now or even in last couple of years....i will wait
Click to expand...
I work for one of the largest and most successful accounting firms in the world, every day I see the tax returns of the wealthy, mega-wealthy, various Corporations and some famous individuals. A few that you yourself know of. Most of them do NOT pay taxes.
 
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