Current Events > List of Corporations that benefit from the GOP Tax Bill.

(+) Yeah! (+)

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All of them, except for the one you work for.

Why is this sorted in order of most contributions, when the contributions and the tax cuts seem to have no correlation at all
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Damn Apple working the GOP over with that ratio tbh
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halomonkey1_3_5 posted...

Damn Apple working the GOP over with that ratio tbh

This was my first thought. LOL

Still, that seems to be more of a matter of any big business benefited from this GOP tax bill.
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Did these companies also donate money to Democrats?

I mean, any business is going to benefit from the reduced tax rate regardless of how much they donated.
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So that 47b means the base price of the iphone is going to go down right?!?!?
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josifrees posted...

So that 47b means the base price of the iphone is going to go down right?!?!?

it's going to go up. everything has gone up this year because of inflation.
electronic's be safe though.
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the big thing to remember is corporate tax is paid NOT on revenue, but on profits. so it is not a tax that is passed on to product buyers, because it can't be--this would push their prices too high and risk loss of market share to other businesses.

companies being allowed to keep more profits does not result in salary increases--salary is paid before taxes are deducted. it does not result in product price cuts--products are already priced for maximum profit. a cut in the tax on this profit simply means they get more returned from a sale.

the value of corporate tax cuts, pretty much all of it, goes directly to shareholders.
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fenderbender321 posted...

And corporations are evil and deserve less money. 99% of the time, corporations are fucking people over. They provide no services, no jobs, nothing. We should just ban corporations to be honest. Every employee at a corporation is a huge peice of shit.

I've never said this before, but I'll make an exception today;

You are the shittiest of shit-posters.
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(Contributions over a 27 year span) vs (tax cuts over an unknown period)
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Holy shit at Apple
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tremain07 posted...

Holy shit at Apple

Apple knows how to play ball.
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Trumps America
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Spooking posted...

Nice. These corporations deserve it, they are taxed too much.

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fenderbender321 posted...

The reality is that government is so wasteful that the money is better spent by corporations anyway. Plus, we all pay for those taxes. It's a cost of doing business, so it is reflected in the prices of the stuff we buy.

please see post #17
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fenderbender321 posted...

Plus, we all pay for those taxes. It's a cost of doing business, so it is reflected in the prices of the stuff we buy.

Darkman124 posted...

the big thing to remember is corporate tax is paid NOT on revenue, but on profits. so it is not a tax that is passed on to product buyers, because it can't be--this would push their prices too high and risk loss of market share to other businesses.

companies being allowed to keep more profits does not result in salary increases--salary is paid before taxes are deducted. it does not result in product price cuts--products are already priced for maximum profit. a cut in the tax on this profit simply means they get more returned from a sale.

the value of corporate tax cuts, pretty much all of it, goes directly to shareholders.

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_OujiDoza_ posted...

Spooking posted...

Nice. These corporations deserve it, they are taxed too much.

Its sad. Trumpeters dont even try snymore
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This graphic is stupid. The corporate tax cut impacts ALL corporations. I could make a graph showing the largest DNC donors and how much they're saving under the tax plan, too.
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s0nicfan posted...

This graphic is stupid. The corporate tax cut impacts ALL corporations. I could make a graph showing the largest DNC donors and how much they're saving under the tax plan, too.

it'd probably be the same companies (though apple is on there simply to show that they're apolitical and yet have the most to gain, i guess)
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s0nicfan posted...

This graphic is stupid. The corporate tax cut impacts ALL corporations. I could make a graph showing the largest DNC donors and how much they're saving under the tax plan, too.

Cool, go do that.
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davyheinz posted...

s0nicfan posted...

This graphic is stupid. The corporate tax cut impacts ALL corporations. I could make a graph showing the largest DNC donors and how much they're saving under the tax plan, too.

Cool, go do that.

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_OujiDoza_ posted...

davyheinz posted...

s0nicfan posted...

This graphic is stupid. The corporate tax cut impacts ALL corporations. I could make a graph showing the largest DNC donors and how much they're saving under the tax plan, too.

Cool, go do that.

Do you guys not think that it'd be the same?
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Darkman124 posted...

s0nicfan posted...

This graphic is stupid. The corporate tax cut impacts ALL corporations. I could make a graph showing the largest DNC donors and how much they're saving under the tax plan, too.

it'd probably be the same companies (though apple is on there simply to show that they're apolitical and yet have the most to gain, i guess)

I assume apple is on there because a bit part of the cut is trying to repatriate all the money being funneled overseas. The reason apple's cut is so large is likely reflecting the fact that of all the major US-based companies, Apple is by far the worst at dodging taxes. With a big enough cut, they're going to save a shit ton IF they bring their profits back and pay the remaining tax on them. Otherwise I doubt they'll be seeing that kind of return.
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Darkman124 posted...

the big thing to remember is corporate tax is paid NOT on revenue, but on profits.

Well, yeah. Corporations are legal entities that get tax deductions similar to actual meat-entities.

emblem boy posted...

_OujiDoza_ posted...

davyheinz posted...

s0nicfan posted...

This graphic is stupid. The corporate tax cut impacts ALL corporations. I could make a graph showing the largest DNC donors and how much they're saving under the tax plan, too.

Cool, go do that.

Do you guys not think that it'd be the same?

You can go help that fella, he'll need it.
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emblem boy posted...

Do you guys not think that it'd be the same?

No, they're just trying to make me go away
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s0nicfan posted...

emblem boy posted...

Do you guys not think that it'd be the same?

No, they're just trying to make me go away

I'm not, I want to see your numbers at work.
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_OujiDoza_ posted...

davyheinz posted...

s0nicfan posted...

This graphic is stupid. The corporate tax cut impacts ALL corporations. I could make a graph showing the largest DNC donors and how much they're saving under the tax plan, too.

Cool, go do that.

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Questionmarktarius posted...

Darkman124 posted...

the big thing to remember is corporate tax is paid NOT on revenue, but on profits.

Well, yeah. Corporations are legal entities that get tax deductions similar to actual meat-entities.

Yet, frequently I see GOP-aligned astroturfers lying about this, pretending that our corporate tax functions like sales tax, which is paid by product buyers.

It is an important detail to correct whenever possible.
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Darkman124 posted...

Questionmarktarius posted...

Darkman124 posted...

the big thing to remember is corporate tax is paid NOT on revenue, but on profits.

Well, yeah. Corporations are legal entities that get tax deductions similar to actual meat-entities.

Yet, frequently I see GOP-aligned astroturfers lying about this, pretending that our corporate tax functions like sales tax, which is paid by product buyers.

It is an important detail to correct whenever possible.

It is, but not quite as described.
Corporate income tax is factored into the final price of the product, as part of the formula to calculate profit margins.

If there's $50 of parts and labor in a product, and it's sold at $75 wholesale, $8.75 is lost to taxes, leaving $16.25 profit. If, for some reason, the company needed $20 profit on each one, the wholesale price goes up to $81.

Questionmarktarius posted...

If, for some reason, the company needed $20 profit on each one, the wholesale price goes up to $81.

it's not about need, it's about greed
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Questionmarktarius posted...

If, for some reason, the company needed $20 profit on each one, the wholesale price goes up to $81.

Not so. Increasing wholesale price to $81 imposes the risk of a competitor undercutting them at $76, destroying their sales rate and actually causing their net profit for all sales to drop much further.

A corporation does not need a specific profit margin on a given item. They only need the margin to be positive. This is why the airline industry's profit margins are so thin: they're consistent with their competition.

because the tax cut applies across all industries, there is no reason to alter price downward. the only reason to ever alter price downward in real dollars is to maintain sales rates.
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Balrog0 posted...

Questionmarktarius posted...

If, for some reason, the company needed $20 profit on each one, the wholesale price goes up to $81.

it's not about need, it's about greed

Greed's a hell of a drug.

Darkman124 posted...

A corporation does not need a specific profit margin on a given item.

Sometimes they do, especially for corporations with a wide array of products. Some companies will shutter a profitable item simply because they believe they can get a BETTER ROI on a different item, so they redirect funds to make it happen.
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s0nicfan posted...

Sometimes they do, especially for corporations with a wide array of products. Some companies will shutter a profitable item simply because they believe they can get a BETTER ROI on a different item, so they redirect funds to make it happen.

that is not a result of need, and yes, shuttering absolutely does happen. it's a result of market optimizaiton (aka greed as balrog points out), not need.

market optimization will not drive prices of goods down. it will not create a 'race to the bottom' of price among companies. the race to the bottom is with costs, not prices.
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Darkman straight educating folks in here and all they can do to dispute him is double down.
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Darkman124 posted...

Not so. Increasing wholesale price to $81 imposes the risk of a competitor undercutting them at $76, destroying their sales rate and actually causing their net profit for all sales to drop much further.

That's why we have corrupt patent and copyright laws.

Or, inversely, a company that's now only paying $5 in tax on each of its widgets, can put off outsourcing production to China for another year or two.

fenderbender321 posted...

http://www.factcheck.org/2017/09/benefits-corporate-tax-cut/

Even if it's mostly the burden of the shareholders (this article suggests 80%), remember there is still that 20% burden to everyone else. On top of that, there is also an opportunity cost when it comes to taking money out of shareholders' pockets.

to be fair, there is an argument from the other side that labor bears more than the full cost of the corporate tax

https://taxfoundation.org/labor-bears-corporate-tax/
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Balrog0 posted...

fenderbender321 posted...

http://www.factcheck.org/2017/09/benefits-corporate-tax-cut/

Even if it's mostly the burden of the shareholders (this article suggests 80%), remember there is still that 20% burden to everyone else. On top of that, there is also an opportunity cost when it comes to taking money out of shareholders' pockets.

to be fair, there is an argument from the other side that labor bears more than the full cost of the corporate tax

https://taxfoundation.org/labor-bears-corporate-tax/

You are aware that's a hilariously conservative-biased site, right?

emblem boy posted...

Did these companies also donate money to Democrats?

I mean, any business is going to benefit from the reduced tax rate regardless of how much they donated.

They spend about the same amount of money on both parties because they want favors, which if you know anything about Obamacare, you'd know the democrats getting the required votes meant getting tax cuts for the insurance companies backing them. In other words, they were bought.
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Questionmarktarius posted...

You are aware that's a hilariously conservative-biased site, right?

I work with people at the Tax Foundation and I like them, but yeah I'm aware of their views. It doesn't make them wrong, though.
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Balrog0 posted...

Questionmarktarius posted...

You are aware that's a hilariously conservative-biased site, right?

I work with people at the Tax Foundation and I like them, but yeah I'm aware of their views. It doesn't make them wrong, though.

So... lowering the corporate income tax could lead to slightly better wages, huh?

Questionmarktarius posted...

So... lowering the corporate income tax could lead to slightly better wages, huh?

I think the chain of causation is more complex than that, but yeah I personally want to lower the corporate tax.

It is just that we should increase taxes on shareholders to make up for it rather than blowing a hole in the budget imo
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