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Brown Cafe UPS Forum
UPS Union Issues
UPS PROJECTED PROFIT INCREASE DUE TO NEW TAX PLAN
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<blockquote data-quote="Mugarolla" data-source="post: 3307436" data-attributes="member: 8481"><p>Not even close.</p><p></p><p>You do realize that the Corporate Tax Rate is based on profit, not gross income, don't you?</p><p></p><p>In 2016, they paid roughly $1.7B in Corporate Tax, roughly 34%</p><p></p><p>Dropping that rate to the new Corporate Rate for 2018, 21% will save UPS roughly $650M a year.</p><p></p><p>That is nothing to sneeze at, but nowhere near your 8 to 10 billion a year, but enough to give every employee a $1500/yr bonus, if they so choose.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 3307436, member: 8481"] Not even close. You do realize that the Corporate Tax Rate is based on profit, not gross income, don't you? In 2016, they paid roughly $1.7B in Corporate Tax, roughly 34% Dropping that rate to the new Corporate Rate for 2018, 21% will save UPS roughly $650M a year. That is nothing to sneeze at, but nowhere near your 8 to 10 billion a year, but enough to give every employee a $1500/yr bonus, if they so choose. [/QUOTE]
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UPS PROJECTED PROFIT INCREASE DUE TO NEW TAX PLAN
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