Striper Talk Striped Bass Fishing, Surfcasting, Boating

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- - Impact of GOP tax overhaul (http://www.striped-bass.com/Stripertalk/showthread.php?t=93313)

Quote:

Originally Posted by DZ (Post 1136808)

My first paycheck with more of my crumbs.

Yep, same here, it will cover the cost of my Craft Addiction. :hee:

Quote:

Originally Posted by The Dad Fisherman (Post 1136810)

Yep, same here, it will cover the cost of my Craft Addiction. :hee:

About right ;) The good stuff is expensive.

Didn't see this coming :rollem:

And this morning I noticed a Replublican commercial claiming the tax bill was targeted at the middle class.

https://www.fastcompany.com/40537732...e-tax-windfall

Quote:

Following last December’s corporate tax cuts, dozens of companies from AT&T to Walmart have announced bonuses and pay rises for their employees. But how much of the windfall is actually ending up in the hands of workers?

The answer is less than you might think, according to an analysis of the first 105 announcements. Just Capital, which tracks corporate performance on a range of corporate responsibility-type metrics, finds that just 6% of capital allotted so far is going to staff, while 58% is going to shareholders in the form of dividends, share buy-backs, or retained earnings.

And, of that 6% for workers, more than half is in the form of bonuses, meaning the transfers are set to be short-lived. If workers are getting at least some money from the tax cuts, it’s not necessarily in form of ongoing remuneration.

Wow.

Quote:

President Donald Trump touted the economic growth triggered by his tax cuts in a speech Thursday afternoon, pointing out the projected growth of gross domestic product (GDP) over the next 10 years had increased because of the plan.

But 80 percent of the economic growth generated by the Republican tax cuts will eventually go abroad and benefit foreigners, according to a new report by the nonpartisan Congressional Budget Office.

http://www.newsweek.com/republican-t...ump-cbo-884129