Quote:
Originally Posted by Jim in CT
Well the corporate tax rate didn't get cut in half, so something else is at play there which may or may not have anything to do with the tax cut.
I have news for you...when corporations have more after tax income, that doesn't only benefit the wealthy. I have spent my career so far in a cubicle, I am a worker bee not an executive. And I have worked for some huge companies (Aetna, Travelers, The Hartford). And I know for sure, that the more money the company has at the end of the year, the better my raise and bonus will be. They share profits with the workers, they have to, or the good workers will all leave.
Corporate America isn't the plantation you seem to think it is.
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There is a difference between tax rate and effective tax rate.
Wharton did a study and the effective rate was 20% and now is expected to be 9%
That's more than half.
"You never can answer the question" Is how I believe you typically put it with some identity politics thrown in.
Your taxes withheld or owed went down?
Have you done your taxes yet or are you surmising?