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Thread: Step 1: Pay No Taxes, Step 2: Lay off Thousands of Workers...

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    Step 1: Pay No Taxes, Step 2: Lay off Thousands of Workers...

    IBM Paid $0 In Taxes Thanks To Trump Tax Cuts. Now It’s Laying Off 1,700 Employees.



    IBM Paid $0 In Taxes Thanks To Trump Tax Cuts. Now Itís Laying Off 1,700 Employees.

    IBM announced that it is laying off 1,700 employees despite its stock value increasing 16% this year.

    Add in the fact that the company paid $0 in taxes last year thanks to the Trump tax cuts, and it becomes ever clearer that companies are hoarding their new wealth rather than having it ďtrickle downĒ to works.
    Stories like this poke glaring holes into the GOP narrative that "this is the best economy we've seen in 30 years." etc. It certainly doesn't feel like it for ordinary people. Check that out, IBM's stock increased 16% this year, and it lays off 1,700 employees. That's why celebrating gains in the stock market is so out of touch. Celebrating those gains is celebrating the gains of hedge fund managers and stockbrokers, woo hoo! Finally, Wall St. gets a break.

    Democrats offered the Republicans an amendment that would have sunsetted the tax cuts if corporations failed to create jobs, Republicans turned it down, because not even they believe their bull****. Trickle down fails again.
    Hurricanes are tremendously wet from the standpoint of water.
    Quote Originally Posted by MrShangles View Post
    Itís all according to who they ask those questions, some collage full of liberals?
    Quote Originally Posted by marke View Post
    The Bolsheviks have taken over the House and are on target to assassinate the sitting US President.

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    Re: Step 1: Pay No Taxes, Step 2: Lay off Thousands of Workers...

    Quote Originally Posted by Winston View Post
    IBM Paid $0 In Taxes Thanks To Trump Tax Cuts. Now It’s Laying Off 1,700 Employees.



    IBM Paid $0 In Taxes Thanks To Trump Tax Cuts. Now It’s Laying Off 1,700 Employees.



    Stories like this poke glaring holes into the GOP narrative that "this is the best economy we've seen in 30 years." etc. It certainly doesn't feel like it for ordinary people. Check that out, IBM's stock increased 16% this year, and it lays off 1,700 employees. That's why celebrating gains in the stock market is so out of touch. Celebrating those gains is celebrating the gains of hedge fund managers and stockbrokers, woo hoo! Finally, Wall St. gets a break.

    Democrats offered the Republicans an amendment that would have sunsetted the tax cuts if corporations failed to create jobs, Republicans turned it down, because not even they believe their bull****. Trickle down fails again.
    What stones! “Creepy Joe,” indeed!
    ďEveryone appreciates your honesty, until you are honest with them. Then you are an asshole. Ē - George Carlin
    ĒI know, everybody funny, now you funny,too.Ē -George Thorogood

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    Re: Step 1: Pay No Taxes, Step 2: Lay off Thousands of Workers...

    Technically 1.7k isn't "thousands", because that would imply some amount over 2.0k
    Education.

    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

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    Re: Step 1: Pay No Taxes, Step 2: Lay off Thousands of Workers...

    Quote Originally Posted by The Mark View Post
    Technically 1.7k isn't "thousands", because that would imply some amount over 2.0k
    They laid off workers in 2016 and 2017 too.
    Hurricanes are tremendously wet from the standpoint of water.
    Quote Originally Posted by MrShangles View Post
    Itís all according to who they ask those questions, some collage full of liberals?
    Quote Originally Posted by marke View Post
    The Bolsheviks have taken over the House and are on target to assassinate the sitting US President.

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    Re: Step 1: Pay No Taxes, Step 2: Lay off Thousands of Workers...

    Quote Originally Posted by Winston View Post
    IBM Paid $0 In Taxes Thanks To Trump Tax Cuts. Now It’s Laying Off 1,700 Employees.



    IBM Paid $0 In Taxes Thanks To Trump Tax Cuts. Now It’s Laying Off 1,700 Employees.



    Stories like this poke glaring holes into the GOP narrative that "this is the best economy we've seen in 30 years." etc. It certainly doesn't feel like it for ordinary people. Check that out, IBM's stock increased 16% this year, and it lays off 1,700 employees. That's why celebrating gains in the stock market is so out of touch. Celebrating those gains is celebrating the gains of hedge fund managers and stockbrokers, woo hoo! Finally, Wall St. gets a break.

    Democrats offered the Republicans an amendment that would have sunsetted the tax cuts if corporations failed to create jobs, Republicans turned it down, because not even they believe their bull****. Trickle down fails again.
    From the Yahoo link embedded in the original article....


    IBM has secured a number of subsidies over the years from state and local governments that ring to the tune of $1.4 billion.

    The company also has in its pocket federal loans, loan guarantees and bailout assistance at around $5.4 billion. Again, New York gave IBM the most money over the years.

    The company came under fire in 2014 after it was reported that it had parked some of its earnings in low-tax countries to boost profits.

    After routing almost all its sales in Europe, Middle East, Africa, Asia and some of the Americas through its Netherlands unit, it gradually reduced its tax rate over 20 years — at the same time pretax income quadrupled.







    Hmmmm. Nowhere there do I see "Trump".
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    Re: Step 1: Pay No Taxes, Step 2: Lay off Thousands of Workers...

    I think it's clear they require further tax cuts

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    Re: Step 1: Pay No Taxes, Step 2: Lay off Thousands of Workers...

    Quote Originally Posted by Fledermaus View Post
    From the Yahoo link embedded in the original article....


    IBM has secured a number of subsidies over the years from state and local governments that ring to the tune of $1.4 billion.

    The company also has in its pocket federal loans, loan guarantees and bailout assistance at around $5.4 billion. Again, New York gave IBM the most money over the years.

    The company came under fire in 2014 after it was reported that it had parked some of its earnings in low-tax countries to boost profits.

    After routing almost all its sales in Europe, Middle East, Africa, Asia and some of the Americas through its Netherlands unit, it gradually reduced its tax rate over 20 years — at the same time pretax income quadrupled.







    Hmmmm. Nowhere there do I see "Trump".
    What does this information prove? You've just dumped info without a conclusion.
    Hurricanes are tremendously wet from the standpoint of water.
    Quote Originally Posted by MrShangles View Post
    Itís all according to who they ask those questions, some collage full of liberals?
    Quote Originally Posted by marke View Post
    The Bolsheviks have taken over the House and are on target to assassinate the sitting US President.

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    Re: Step 1: Pay No Taxes, Step 2: Lay off Thousands of Workers...

    Quote Originally Posted by Winston View Post
    They laid off workers in 2016 and 2017 too.
    Did they also pay no taxes in 2016 and 2017?
    Education.

    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

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    Re: Step 1: Pay No Taxes, Step 2: Lay off Thousands of Workers...

    Quote Originally Posted by The Mark View Post
    Did they also pay no taxes in 2016 and 2017?
    Not sure. The link implies the American Tax Cuts and Jobs Act allowed them to pay no tax.
    Hurricanes are tremendously wet from the standpoint of water.
    Quote Originally Posted by MrShangles View Post
    Itís all according to who they ask those questions, some collage full of liberals?
    Quote Originally Posted by marke View Post
    The Bolsheviks have taken over the House and are on target to assassinate the sitting US President.

  10. #10
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    Re: Step 1: Pay No Taxes, Step 2: Lay off Thousands of Workers...

    Quote Originally Posted by Winston View Post
    What does this information prove? You've just dumped info without a conclusion.
    The logical conclusion is that it wasn't the "Trump tax cuts".
    'All opinions are not equal. Some are a very great deal more robust, sophisticated and well supported in logic and argument than others.'

    Douglas Adams

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