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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: 3362058" data-attributes="member: 8481"><p>Maybe you need to take a business tax class so that you find the answer?</p><p></p><p></p><p></p><p>Are you saying that UPS lied on its financial statement? That's a pretty serious charge.</p><p></p><p></p><p></p><p>Well, almost doubling, but not quite.</p><p></p><p></p><p></p><p>Look it up. Easy.</p><p></p><p>Here, I'll help you out. Look at the picture.</p><p></p><p></p><p></p><p>Run the numbers. </p><p></p><p>Actually, their financial report tells you exactly how much tax they paid, at the old corporate rate.</p><p></p><p>Now do the math and calculate their tax at the new corporate rate and subtract.</p><p></p><p>But, yes, we are not sure what their profit will be for 2018. We can only estimate. </p><p></p><p>Their tax saving in 2016 would have been around $750M, so if they make a little more this year, we can "hypothesize" that their tax savings will be between $750M and $1B.</p><p></p><p>It's not that difficult.</p><p></p><p></p><p></p><p>[ATTACH=full]180567[/ATTACH]</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 3362058, member: 8481"] Maybe you need to take a business tax class so that you find the answer? Are you saying that UPS lied on its financial statement? That's a pretty serious charge. Well, almost doubling, but not quite. Look it up. Easy. Here, I'll help you out. Look at the picture. Run the numbers. Actually, their financial report tells you exactly how much tax they paid, at the old corporate rate. Now do the math and calculate their tax at the new corporate rate and subtract. But, yes, we are not sure what their profit will be for 2018. We can only estimate. Their tax saving in 2016 would have been around $750M, so if they make a little more this year, we can "hypothesize" that their tax savings will be between $750M and $1B. It's not that difficult. [ATTACH=full]180567[/ATTACH] [/QUOTE]
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UPS PROJECTED PROFIT INCREASE DUE TO NEW TAX PLAN
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