shows what you don't know
they have a pretty good idea and to that they have added an additional 14%
they are spending it on expansion and salaries and, rationally, on the bottom line to support the stock price for the investors
Originally Posted by nevergaveitathought
https://www.huffingtonpost.com/2012/...n_1746817.html
According to the financial site NerdWallet, the 10 most profitable U.S. companies
paid an average federal tax rate of just 9 percent last year. The group includes heavyweights Exxon Mobil, Apple, Microsoft, JPMorgan Chase and General Electric. (
Hat tip: Barry Ritholtz.)
The effective corporate tax rate has been on its way down for decades, recently hitting
a 40-year low even as corporate profits have reached
an all-time high. Many of the companies that have seen their tax rates fall in recent years — including Exxon Mobil, Verizon, General Electric and AT&T — are
among the biggest spenders when it comes to lobbying, according to a recent analysis by the Sunlight Foundation.
investors, which include just about every state and local government union pension plan, further shoring up the strength of those plans for cops and firefighters and garbage workers,and elderly living off dividends
Originally Posted by nevergaveitathought
What this GOP tax plan is do nothing for noninvestors....Looks like they are picking winners and losers.
https://money.usnews.com/money/retir...ocial-security
Social Security also covers more people than any other type of retirement benefit. The great majority of retired Americans age 65 and older (87 percent) received Social Security income in 2009, up from 69 percent in 1962.
In contrast, only about half (53 percent) of older Americans have asset income in retirement, a proportion that is unchanged since 1962.