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Brown Cafe UPS Forum
UPS Union Issues
forced to put into 401k
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<blockquote data-quote="Mugarolla" data-source="post: 3364502" data-attributes="member: 8481"><p>Correct.</p><p></p><p>That $700M was based on previous years reported profit. That's what they would have saved if the Corporate Tax Rate was reduced in those previous years.</p><p></p><p>UPS is continuing to increase profits every year, so that $700M number will continue to increase as profits increase.</p><p></p><p>The "experts" in the financial industry are predicting roughly $1B in the tax savings for the current year for UPS.</p><p></p><p>[ATTACH=full]180806[/ATTACH]</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 3364502, member: 8481"] Correct. That $700M was based on previous years reported profit. That's what they would have saved if the Corporate Tax Rate was reduced in those previous years. UPS is continuing to increase profits every year, so that $700M number will continue to increase as profits increase. The "experts" in the financial industry are predicting roughly $1B in the tax savings for the current year for UPS. [ATTACH=full]180806[/ATTACH] [/QUOTE]
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