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DurwardRam

Joined: 8/28/08 Posts: 8475
Likes: 2551


You're really comparing post tax cut to post tax cut and claiming


lesser revenues. Both time periods compare numbers after the tax reform.

Revenues:
Jan-Apr 2017 1,187,971 Old tax
Jan-Apr 2018 1,237,940 First four months of tax reform (minimal effect)
Jan-Apr 2019 1,271,601 Kicking in, even w/deferred depreciation taxes, see below

Total 2017 3,343,634 Old tax
Total 2018 3,330,470 First year of reform (min. drop / rounding error)

Keep cherry picking info. Revenues are slowly going up with lower tax rates. Fantastic.

I'll go one further, there was a tremendous tax advantage to be able to fully depreciate equipment last year that normally would have taken years. Many, many companies took advantage lowering their tax bill (revenues) for 2018 but it will increase their taxes in years to come as they have only deferred the tax owed. You will see significant increases in revenue/due in 2019 - paid in 2020.

(In response to this post by Newport)

Posted: 05/12/2019 at 09:45AM



+0

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Current Thread:
  Was it worth it? Yes. -- DurwardRam 05/12/2019 3:12PM
  Because what happens when receipts go down? -- nateDiggsCSU 05/12/2019 3:49PM

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