Tax bill

[CRedskinsRule]

Originally Posted by dmek25

it was posted to show that corporate greed is still running rampant, even after those tax breaks. while some chose to hand back bonuses to their employees, arconic chose to save even more money by freezing our pensions

I guess you work there, did they not switch over to the 401k or is it a major dropoff in benefits?

[dmek25]

Originally Posted by CRedskinsRule

I guess you work there, did they not switch over to the 401k or is it a major dropoff in benefits?

we also have a 401. they match 6% on the dollar. they have upped it to 9% starting in march, and ending in december. my beef is the pension is quarenteed money. the stock market is what it is, as we have learned from 2008. they also enjoy some of the highest profits they have ever had. that, coupled with those tax breaks, was this move really necessary?

[Schneed10]

Originally Posted by dmek25

we also have a 401. they match 6% on the dollar. they have upped it to 9% starting in march, and ending in december. my beef is the pension is quarenteed money. the stock market is what it is, as we have learned from 2008. they also enjoy some of the highest profits they have ever had. that, coupled with those tax breaks, was this move really necessary?

Sucks man. Hopefully you're starting to look around for other jobs. You may be able to find a better compensation package elsewhere.

[Giantone]

Originally Posted by dmek25

we also have a 401. they match 6% on the dollar. they have upped it to 9% starting in march, and ending in december. my beef is the pension is quarenteed money. the stock market is what it is, as we have learned from 2008. they also enjoy some of the highest profits they have ever had. that, coupled with those tax breaks, was this move really necessary?

No,probably not. This is an old article from 2011 but a good one.


https://www.kiplinger.com/article/re...-pensions.html

[BaltimoreSkins]

Why would anyone in their right mind ever invest with the Mets ownership? I have seen what they do with investments it is not pretty.

[Schneed10]

The Walt Disney Company is giving out $1000 bonuses to US based employees. That's 125K people receiving an extra $1000.

And no, it's not just going to executives.

Disney to give $1,000 bonuses to over 125,000 workers - Orlando Sentinel

[Giantone]

...and on the other hand.



https://www.nytimes.com/2018/01/23/b...k-layoffs.html

Kimberly-Clark, the maker of Huggies and Kleenex, is laying off about 13 percent of its work force and shedding factories worldwide, amid declining birthrates that are affecting diaper sales and a retail price war that is weighing on profits.

The company said Tuesday that it would cut between 5,000 and 5,500 jobs in an effort to reduce expenses as it faced stiffer competition for consumer staples like tissues, paper towels and wet wipes.

To help pay for the cuts and other restructuring moves, Kimberly-Clark said, it will use savings from the recently enacted corporate tax cut.

[Schneed10]

Originally Posted by Giantone

...and on the other hand.



https://www.nytimes.com/2018/01/23/b...k-layoffs.html

Kimberly-Clark, the maker of Huggies and Kleenex, is laying off about 13 percent of its work force and shedding factories worldwide, amid declining birthrates that are affecting diaper sales and a retail price war that is weighing on profits.

The company said Tuesday that it would cut between 5,000 and 5,500 jobs in an effort to reduce expenses as it faced stiffer competition for consumer staples like tissues, paper towels and wet wipes.

To help pay for the cuts and other restructuring moves, Kimberly-Clark said, it will use savings from the recently enacted corporate tax cut.

OK yeah I think you are having trouble interpreting what you're reading.

They are looking at the underlying demand for their business and seeing it declining - fewer babies equals less need for diapers. That is completely separate from the tax plan. What they're saying is they can't make as much money selling diapers, so there isn't as much income to be taxed going forward.

So they're going to lay people off because they can't sell as much. In order to give out the severances for those layoffs, they'll use savings from the tax bill.

So in other words... they had to lay people off no matter what because not as many people are buying diapers and baby wipes. The tax bill though is enabling them to give better severance packages than they otherwise would have.

[Giantone]

Originally Posted by Schneed10

OK yeah I think you are having trouble interpreting what you're reading.

They are looking at the underlying demand for their business and seeing it declining - fewer babies equals less need for diapers. That is completely separate from the tax plan. What they're saying is they can't make as much money selling diapers, so there isn't as much income to be taxed going forward.

So they're going to lay people off because they can't sell as much. In order to give out the severances for those layoffs, they'll use savings from the tax bill.

So in other words... they had to lay people off no matter what because not as many people are buying diapers and baby wipes. The tax bill though is enabling them to give better severance packages than they otherwise would have.

I thought trump and the tax bill were all about jobs and helping companies develop more jobs in the US.

[Schneed10]

Originally Posted by Giantone

I thought trump and the tax bill were all about jobs and helping companies develop more jobs in the US.

And I'm sure a tax bill can make the birth rate go up, too.

An MBA discussion group this is not. Goodness gracious.

[CRedskinsRule]

Not every company is going to be a pillar of the community. There is a reason there is a cynical belief about corporations. But most are going to act in the interest of their stockholders, and that includes being a company that hires and works to keep employees with competitive wages and benefits. I am sure you will always be able to find negative examples and there will be positive equivalents. The expectation Schneed is talking about is that the majority of companies will see more benefit to long term tax advantages then short term grabs.

[BaltimoreSkins]

Anybody else seeing fluctuations in their pay since this went into effect? My pay stub has fluctuated abut $60 every single pay period. I have not seen a trend or consistency.

[Schneed10]

My company put the new tax tables into effect with the paychecks that came out Feb 23. Take home pay went up.

Every company should be implementing the new tables sometime in February. They're all working to do so as soon as possible. But if your company is late with it don't worry, you'll still get your money when you go to file your tax return. The longer it takes your company to install the new tax tables, the bigger your tax return will get. It's all coming to you, one way or another.

As for fluctuations in your take home pay, you may have other things influencing it. The tax tables going into effect will not cause things to go up and down, just adjust to a new normal. Take out your stubs and look for changes in deductions.

[BaltimoreSkins]

So I should expect stability soon. We are ten month employees so we auto transfer to live off the two months we don't get paid, knowing how much we can/should transfer definitely makes it easier.

[Giantone]

For the Tax year 2017 my taxes stayed the same, the Mrs for 2018 sees $5.63 more a month as a school teacher and it does not effect my retirement check. My tax man showed what my taxes will look like next year , my state will be the same my federal I will owe $257 if I leave as is,it has been adjusted.