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#304788 - 01/02/18 07:47 PM Re: Big Lies and Tax Cuts [Re: NW Ponderer]
Jeffery J. Haas Offline


Pooh-Bah

Registered: 08/03/04
Posts: 13405
Loc: Whittier, California
What would happen if EVERY SINGLE American decided to "become a corporation"?
Could it work to help stop the Trump juggernaut of corporate wealthcare?
_________________________
"The Left ones think I'm Right, the Right ones think I'm wrong."
Leon Russell - Magic Mirror"
https://www.youtube.com/watch?v=L-H1iQ5Y6Eg

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#304806 - 01/03/18 02:08 AM Re: Big Lies and Tax Cuts [Re: NW Ponderer]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 8063
Loc: North San Diego County
I also bought several hundred thousands worth of Pfizer, Merck, GE, Apple, Pepsico, Cisco, and CitiGroup stock today. They all have tons of profit in overseas holdings they will probably repatriate and pay the 10% tax. And I'm betting they do it during 2018 because these tax vacations usually last only a short time.

Last time they did it, just about none of the companies spent their repatriated profit on new equipment or hires. They gave it to shareholders as dividends or stock buybacks.

Pfizer has 96% of their total US capitalization overseas. If they bring it all back, their value goes up 86%!

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