AT&T is giving $1,000 bonuses to 200,000 employees after tax bill

Yeah, the evil ones who've always had the best wages, benefits and career opportunities. Funny how big biz haters never consider their employees or the philanthropic efforts of giant corporations. Good news goes against their need to whine and complain.

 

There is nothing unethical about buying back stock.

 

Lol or build roads, airports (last one built was in 1995 lol) or tackling your aging infrastructure in anyway. But no, give people tax cuts that expire, and hope that the economy is good enough that the deficit doesn't explode.

Yeah deficit and debt increases. How's that debt level going again? I heard lots about it when Obama ran up the bill. Any plans to reduce it? And the deficit? I heard a lot about that for the first couple of years during Obama's Presidency, but the right seems to have gone quiet about it.....

 

Butt Hurt Much?

This is what you are scared of you know this will massively boost the economy more so then it already is and you know a great economy guarantees a reelection
You rather have a poor economy have working families suffer so to give democrats a shot in 2020 putting party over the well being of others and that is rather sad

 

You just can't stand it can you..................

 

Funny how debt and deficit only becomes a problem when republicans are in charge
I'm sure you can drag up one of your old post of yours slamming Obama for his 800 billion dollar unpaid stimulus or that he doubled the debt in 8 years

 

Future earnings, income after taxes which will be loser now.

 

Well I bet their corporate accountants have a better grip on their actual numbers rather than your suppositions here and the shareholders probably trust them more than you.

 

Actually the numbers are from AT&T's 2016 financial report and I accept them as fact. If they're wrong, the shareholders just might have a problem with AT&T's corporate accountants.......but I don't believe they're wrong.

 

How are those things paid for? In large part by excise taxes and business fees. More economic activity, more excise taxes and business fees. Why would think higher tax rates on the corporate profits the better route?

The estimates based on meager growth say a $1,400B increase OVER TEN YEARS so that is $140B each of those ten years. The Democrats took the last Republican deficit in 2007 of just $161B, thanks in part to tax rate cuts and a strong economy, to $1,400B in just TWO YEARS. And their demand-side, trickle-up policies were a total failure and the deficits stayed about $1,000B for the next three years under their fiscal policy. The more the Republicans took back power the lower the deficits became and the improvement start 2015-2016, Trump just moved it up into 5th gear and this tax rate cut could put us in 6th gear. Both times in recent history where we have had balanced or close to balanced budgets it was a result of supply-side policies of lower rates which produced record tax rate increases.

 

You are looking at history, they are projecting future growth and I bet they have a better handle on those numbers than you it's about to be 2018 not 2016. And they also know the difference between a capex and a labor expense.

 

So now you are going to try an marginalize a nice bonus being paid to people based on better earnings by the corporation? OH that's right got to maintain the "corporations are evil and Trump is the devil" narrative.

It's a great sign that companies too are VERY interested in getting the economy going now, the business climate has just move up several notches and employees TOO will benefit. All the manufacturing companies I call on are expecting to be going balls to the walls next year and are fortunate to be getting some outage time over the holidays to get PM done. And of course the more they run and faster they run the more they use my products which means more money for me. Money I will spend as a consumer and invest as an investor.

 

You do realize the union business management doesn't want a strike anymore than the owners or directors of the business. It is no more in their, the union business management, interest to have a strike than the company.

 

The latest actual financial numbers available on their website are for 2016. If you know what their forecast is by all means, share it with us. The street has guidance on AT&T but that likely wouldn't appeal to you. I never claimed to "have a handle" on what AT&T's forecast is - please don't make things up. I also know the difference between capex and labor costs.........

 

yes. I was in the CWA until I resigned due to an injury.

 

False

General Electric paid $2.67 billion, not zero, in 2010 income taxes

Contrary to multiple news reports in 2011 that fingered General Electric as an income tax dodger during 2010, a GE representative told The Daily Caller the company did in fact pay more than $1 billion in U.S. taxes that year. Additionally, a document GE provided to TheDC establishes that the company paid $2.671 billion globally in income tax in 2010.

The document, a two-page chart from GE’s audited financial statements, turns on its head a strange corporate-accountability episode that began with an erroneous New York Times story.

The Times’ David Kocieniewski reported on March 24, 2011 that the company’s “American tax bill” was “None. In fact, G.E. claimed a tax benefit of $3.2 billion.”

Kocieniewski has gradually amended his take on GE’s income tax situation without the Times ever retracting or correcting the original story. On August 31, 2011 he reported that GE officials “expected to pay a small amount of cash taxes.”


Then, in a September 10, 2011 story about tax breaks for video game companies, Kocieniewski explained — correctly — that “[n]either corporations nor the government make tax returns public, and the information most companies disclose in their regulatory filings is insufficient to determine how much they pay in federal taxes and how that compares to the official United States corporate rate of 35 percent.”

Nevertheless, the March 2011 piece, titled “G.E.’s Strategies Let It Avoid Taxes Altogether,” sparked dozens of cable news stories, hundreds of other reported news pieces, thousands of indignant blog postings, and countless tweets.

“GE did pay taxes in 2010, in fact it paid $1 billion in U.S. taxes that year, including federal income taxes,” company spokesman Andrew Williams told TheDC. (RELATED: More on General Electric)

He later clarified that the $1 billion number included “all state, local and federal taxes in the U.S.”

“GE agrees that the U.S. tax system needs to be reformed to close loopholes,” Williams added. “Congress can do something about it.”

It’s unclear how the Times arrived at the conclusion that GE paid no income taxes in 2010, although Kocieniewski’s reference to a “tax benefit of $3.2 billion” seems to refer to one line in an early version of a financial statement which reported that exact number.

But the “tax benefit” in question, two different accountants told TheDC, referred to the corporate equivalent of personal income tax deductions that can lower a filer’s taxable income. The accountants explained that this is not the same as a tax refund.

The Weekly Standard reported that GE filed a 57,000 page tax return for 2010. GE has not released that tax filing, and a company representative declined to provide the first 50 pages of that return when TheDC requested a copy.

GE provided a statement and supporting documents exclusively to TheDC after it asked Senate Majority Harry Reid, on video, whether GE’s failure to pay income taxes in 2010 was a bigger issue than Mitt Romney’s 13.9 percent tax rate on $21.6 million in income during the same year.

Follow David and Follow Nicholas on Twitter
http://dailycaller.com/2012/01/30/general-electric-paid-2-67-billion-not-zero-in-2010-income-taxes/

 

We call these people "former Democrats".

 

And do you know how that works? The union business management more interested in it's own welfare than that of the union members. A strike can cost the company money and it also cost the union and its business management money. I have been part of management during union contract negotiations, if you don't believe the union management has its own interest on top I got a bridge to sell you.

 

WHat makes you think thats what I think?

 

You guys on the left just can't stand it. Things are getting better, business and consumer confidence is high. Finally government working. And you just can't stand it. Listen to the Democrats "leaders" and spokespeople. All they have are tired old cliche's, sloganeering and hyperbole.

 

I certainly hope you do. And I am not talking about the contract negotiations with the union business managers and shop stewarts and elected from the floor representatives, the negotiations the union members know about. No those aren't the ones I am talking about.

 

I think we have a misunderstanding going on between us. I understand how unions work. I followed the process very closely and was buddies with my union steward at our office before resigning this summer after a back injury.

I was an ATT(Directv) tech for 7 years, most of that was non-union, which was a much better work environment. I appreciate the legal representation aspect of the union, but I didn't need it before ATT bought us. Directv was the best job I have ever had before ATT bought them. It was still a great job, and I would have not quit if I wasn't afraid of my back injury.

Working at Directv was like leaving home everyday to go work with my best friends, management and supervisors included. We had monthly cookouts on van inventory days and annual tech appreciation days, both paid.

We had quarterly bonuses based on exceeding certain non-mandatory standards, for example, connecting HD/DVRs and Genies to the internet paid 10$ a pop. Add up 3 jobs a day, 5 or 6 days a week, for 3 months at a 60% connection rate. That would be an entire extra paycheck every quarter for a tech who made that with no unexcused absences and no lost time/property damage accidents. I hit that every quarter except once.

All on top of piece rate pay scale which can be anywhere from the low 20's to 30 an hour on average, depending on your work ethics.

At one point we had gold plated health insurance. We had a pension AND 401K too.

If you can't tell, I miss it. It's like leaving the military in a way. The difference being that I knew I would miss Directv when I resigned, unlike when I left the military and I was glad at the time.

 

What about General Electric, Walmart, Sun Oil, Pacific Electric and Gas, CSX Railroad and thousands of other corporations in the US??

 

At&t apparently.

 

That's not true Steve N and you know it; all contracts have minimum wages that employees have to be paid. And just for arguments sake, lets say what you are saying is true, do you think for one moment if you approached the union and asked for a contract re-opener or non-precedent, non-citable agreement to pay your employees a bonus, the union would reject it? Be real for god's sake; you may be able to pull the wool over most of the posters in this forum who know nothing about unions, but not me. That's just the way the cookie crumbles right?