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follow MrMagic 2018 Jan 11, 4:38pm
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Southwest also announced plans to purchase 40 Boeing 737 Max 8 planes that it held options for, with 15 aircraft to be delivered in 2019 and 25 in 2020.
I admit it was mostly luck, but also fit my criteria of a reasonable p/e, paying a dividend, and providing a service I personally know.
I'm probably out of touch I suppose, but a $1k bonus really seems like nothing at all to me. Kudos to these employers I suppose. This probably helps people more than I know.
How much does it help a $15/hr baggage handler?
They can now get the iPhone X
Sniper saysHow much does it help a $15/hr baggage handler?I guess for them, with 2 weeks vacation, it's about a 3.3% boost to their overall gross pay. Every bit helps I suppose. I'm sure the credit card companies appreciate some balances getting paid down from these folks getting the bonuses.
Oh yeah, and that's if this was a single person. If it's a couple making the same each it's a gross 1.65% increase in pa
WookieMan saysOh yeah, and that's if this was a single person. If it's a couple making the same each it's a gross 1.65% increase in paWhat will the average executive at south west be getting extra in the new tax bill?
It's not important. What others get is irrelevant to what you get.
Strategist saysIt's not important. What others get is irrelevant to what you get.Of course it does, when we are borrowing money to pay for it.
Southwest $5B profit annually. that's 500M tax saving a year. but only 50M in ONE TIME bonus. that's giving employees 10% and keeping 90% of the cut.next year employees probably get shit.
why do I have to pay for this tax cut?
Virtually no one is rolling out an increase in 401-K matching which would actually be a much better deal for the workers long term. I've read of one firm so far..
And I get it, the bonus was $0 before the tax plan and it's now $1k. It still really is a rather meager bonus if you ask me. I'd obviously take it, don't get me wrong there. And the money will get dumped back into the economy, well, because no one saves. So the companies doing this are technically providing a boost to us all. But if it's only a one time thing, then in the long run it really does seem like a show.
Taking a week down by the lake with wife and two kids.
And yes, the rich guys make out well with this plan as well.
The median household income in the US is about $50k $1000 is Little League. A Violin and lessons. A semester of Community College for Junior. Taking a week down by the lake with wife and two kids. That's just the bonus though, there's a tax cut on top of it, which should be another $1000 for the typical family.
Want to guess where that money will go?
That's because they pay the bulk of the taxes now..Funny how that math works out.
Source??? (I know, I'll wait a long time for that)
Another "mic-drop" comment deleted.
https://www.cbpp.org/research/federal-tax/policy-basics-where-do-federal-tax-revenues-come-from Payroll tax is 34% is of total contributions and 98% of it paid by people making less than 100K.federal income tax is 47% and and top 1% pays about 50% of it = 23%33%>23% Is this clear enough for you?
Seriously please try to refute my posts.
The top 1% paid 24.2%