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UPS Union Issues
UPS PROJECTED PROFIT INCREASE DUE TO NEW TAX PLAN
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<blockquote data-quote="Mugarolla" data-source="post: 3308899" data-attributes="member: 8481"><p>Nope. Around $650 million. Corporate tax is paid on profit, not revenue.</p><p></p><p>UPS profit is around $6B, what they pay Corporate tax on. After tax, their profit is around $4.5B, give or take.</p><p></p><p>They do not pay Corporate tax on their $60B in revenue.</p><p></p><p></p><p></p><p>Read the article again. FedEx stated that they expect around $228 million from the Corporate tax reduction. </p><p></p><p>The headline you say was misleading, typical.</p><p></p><p></p><p></p><p>As do I</p><p></p><p></p><p></p><p>At least possibly low interest, or no interest loans, something that has already been proposed by UPS that the government should do.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 3308899, member: 8481"] Nope. Around $650 million. Corporate tax is paid on profit, not revenue. UPS profit is around $6B, what they pay Corporate tax on. After tax, their profit is around $4.5B, give or take. They do not pay Corporate tax on their $60B in revenue. Read the article again. FedEx stated that they expect around $228 million from the Corporate tax reduction. The headline you say was misleading, typical. As do I At least possibly low interest, or no interest loans, something that has already been proposed by UPS that the government should do. [/QUOTE]
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UPS PROJECTED PROFIT INCREASE DUE TO NEW TAX PLAN
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