I’m not praying for anything. Sorry you’re poor.

Cool. The blue lines will catch up to that red line with all the money trickling into our 401(k)s.

I wonder what happened to make that red line start to shoot up

I wonder what happened to make that red line start to shoot up

IDK pick one of the following:

Clinton got elected.
The Reagan tax cuts truly began to take effect.
Add your own.

Completely agree.

Editing posts. Sad.

Today is a victory for the largest and most profitable corporations in this country who, despite record-breaking profits, will now see hundreds of billions of dollars in tax breaks at the expense of working families. Apple, which has received $726 million in corporate welfare and government handouts over the last 30 years, will get a $48 billion tax cut from Republicans. Pfizer, which fired thousands of employees and gave executives huge raises after the last repatriation holiday, will get a $38.8 billion tax break. Microsoft will receive $27.7 billion in tax cuts after donating $17.9 million to the Republican Party since 1990. Between 2008 and 2015, General Electric received more in tax credits than it paid in actual taxes and is still in line for a $16 billion tax cut next year. IBM fired 12,000 workers and gave executives a $7 million raise after bringing $9.5 billion back into the US in 2004, yet Republicans want to give the company a $13.9 billion tax cut. Johnson & Johnson will get a $12.9 billion tax break to "create jobs." Last time it repatriated offshore profits, the company fired people and gave executives a $32.8 million raise. Exxon Mobil is getting a great return on their investment in the Republican Party. It will receive a $10.5 billion tax break after donating $16.8 million to Republicans since 1990. After crashing the world economy and costing millions of Americans their jobs, Citigroup & Goldman Sachs took $3.7 trillion in taxpayer bailouts. Now, the GOP is giving them a $15.2 billion tax break.

Pretty shocked Bernie is against a Republican plan.

I don’t dare use the TD term but some of that dividend and repurchase money finds its way to regular guys 401k.

Hah, as I have said many times before, it won't be a cut for me. But the revised deal will be nice in that the AMT is out of play, so I only have to do my return once. In the aggregate, this is not much of a personal income tax cut, and thus the articles that only 10% of the cut is for the middle class. That is because only 20% of the entire cut is for personal taxes.

The deal is a total rework of the corporate code with a lower tax rate and a territorial system. The corporate changes will be looked back at as revolutionary. It is a huge win for American business competitiveness against the rest of the world.

I guess it depends on how you define regular guys. More than 1/2 the country doesn’t have a 401K plan. Guess where the majority that don’t rank on the income scale.

So is the AMT in or out? That's all I care about. I don't think there's a single person who has actually read the bill.

The corporate AMT is gone. The individual AMT remains, but in a much revamped format. The new single deduction is much high with the phaseout also starting much higher. It should not hit you in tax year 2018.

Finally, big business gets a break. They've been behind the 8 ball for far too long.

Thank you FedEx. Yesterday's earnings call.

"So turning to tax reform. I know there are a lot of questions about possible changes for us as a result of that. So let me cover as much as I can. We welcome the possibility of lower corporate tax rate, a territorial tax system and 100% expensing of qualifying capital if these provisions are signed into law. Any capital acceleration for FedEx would primarily be for replacement of equipment and technology. If tax reform is enacted, we expect our uses of cash from tax savings would include: optimizing CapEx to capture the benefits of 100% expensing to further grow the business and create even more upward mobility for our team members; funding our pension plans beyond our current forecast; increasing the dividend as our board may approve; continuing our stock repurchase program at our current modest levels; and investing in M&A where it makes sense. As Raj will discuss, U.S. GDP could increase materially next year as a result of U.S. tax reform. If this occurs, we would likely increase capital expenditures and hiring to accommodate the additional volumes triggered from this incremental GDP growth.


If the Tax Cuts and Jobs Act is enacted as set forth in the Joint Conference Report, we estimate our earnings per share could increase by $4.40 to $5.50 per diluted share for FY '18 before mark-to-market year-end pension accounting adjustments, primarily due to the revaluation of our net deferred tax liabilities. This range also includes an estimated $0.85 to $1 per diluted share due to a lower tax rate on fiscal 2018 earnings for the last 5 months of fiscal '18. As we have stated many times in the past, we would like to see a level playing field for corporate taxes. This tax reform bill would go a long way in making U.S.-based corporations more competitive globally."