DFD

[user not found] wrote: ↑Wed Feb 15, 2017 6:56 am

4zilch wrote:Right at about 21% this year. Last year was about the same.

My company's effective tax rate was 24.6% (FWIW full year revenue was 17.5B)

Some with how we earn bonuses: we get paid on overall company performance vs. whatever plan the executives set at the beginning of the year. This year we fell below plan - still get a bonus but it's about 30% less than what it would've been had we met the "plan". Meanwhile share price is up over 50% for the year...so shareholders get richer...working stiffs get

I'm really just over the Company's focus on share price, they refuse to spend the money they need to fix things and make big cuts in budgets in order to keep the bottom line up and the shareholders happy. Current CEO is

Polish up that resume. Shareprice focused companies often don't last very long.

4zilch wrote: ↑Wed Feb 15, 2017 6:53 am Right at about 21% this year. Last year was about the same.

My company's effective tax rate was 24.6% (FWIW full year revenue was 17.5B)

Some with how we earn bonuses: we get paid on overall company performance vs. whatever plan the executives set at the beginning of the year. This year we fell below plan - still get a bonus but it's about 30% less than what it would've been had we met the "plan". Meanwhile share price is up over 50% for the year...so shareholders get richer...working stiffs get

I'm really just over the Company's focus on share price, they refuse to spend the money they need to fix things and make big cuts in budgets in order to keep the bottom line up and the shareholders happy. Current CEO is

[user not found] wrote: ↑Wed Feb 15, 2017 7:42 am

Big Brain Bradley wrote:
Thats the issue with publically traded companies these days, there is not a focus on long term output.

When we went public here our CEO said something mind blowingly awesome:

"I don't want anyone doing anything for the shareholders. I want you doing it for the client. If we do well by the client everything else will fall into place and we will do right by the shareholders."

4zilch wrote: ↑Wed Feb 15, 2017 8:03 am

[user not found] wrote: ↑Wed Feb 15, 2017 7:42 am
When we went public here our CEO said something mind blowingly awesome:

"I don't want anyone doing anything for the shareholders. I want you doing it for the client. If we do well by the client everything else will fall into place and we will do right by the shareholders."

is the right mentality, and the way we used to do business from the top down until about 2012....when the new CEO took the reigns...

The last few years have been pretty frustrating., but too long to discuss ITT. Perhaps in another thread, on another day.

Big Brain Bradley wrote: ↑Wed Feb 15, 2017 7:13 am

4zilch wrote: ↑Wed Feb 15, 2017 6:53 am Right at about 21% this year. Last year was about the same.

My company's effective tax rate was 24.6% (FWIW full year revenue was 17.5B)

Some with how we earn bonuses: we get paid on overall company performance vs. whatever plan the executives set at the beginning of the year. This year we fell below plan - still get a bonus but it's about 30% less than what it would've been had we met the "plan". Meanwhile share price is up over 50% for the year...so shareholders get richer...working stiffs get

I'm really just over the Company's focus on share price, they refuse to spend the money they need to fix things and make big cuts in budgets in order to keep the bottom line up and the shareholders happy. Current CEO is

Thats the issue with publically traded companies these days, there is not a focus on long term output.

Melon wrote: ↑Wed Feb 15, 2017 8:04 am

4zilch wrote: ↑Wed Feb 15, 2017 8:03 am

is the right mentality, and the way we used to do business from the top down until about 2012....when the new CEO took the reigns...

The last few years have been pretty frustrating., but too long to discuss ITT. Perhaps in another thread, on another day.

4zilch wrote: ↑Wed Feb 15, 2017 8:12 am

Big Brain Bradley wrote: ↑Wed Feb 15, 2017 7:13 am

Thats the issue with publically traded companies these days, there is not a focus on long term output.

I think the Company has a decent long term vision, how they go there though is Unfortunately the last couple of years of "streamlining" and "consolidation" has led to a lot of among the working stiffs mostly due to a lack of clear guidance on day-to-day work and goals. We've also increased layers middle management which isn't good for anyone...it basically turns into a bunch of people trying to justify their job.

I used to have 3 layers of management between me and the CEO...now it's 7 or 8.....and I'm still in the same role :dafuq:

razr390 wrote:Maybe I'm missing the point here but can anyone show me where they feel forced to buy cars and shit that they know will get taxed beforehand?

I understand the whole taxation BS but I don't think it's fair to count something that is an additional expenditure that isn't flat across the board for everyone. Someone buying a Corolla will not pay as much in tax as someone buying a Bentley and therefore it's redundant to include that as part of this thread. I can understand a house property tax, etc. but even that has to deal with local values, and discretionary spending (i.e you can CHOOSE which house/apartment/etc to buy, it's not forced upon you).

Sales tax is the same too, you pay for what you buy. I don't see where the is with that. Income tax will always take the biggest chunk, and luckily in Florida there is no state income tax, only sales tax. But I feels for states that have both state and federal income tax, that is right there. But all of the other stuff is purely discretionary and dependent on each individual.

That's just the way I perceive it. And I may be 100% wrong. If I am, someone please take the time to explain it to me

troyguitar wrote: ↑Wed Feb 15, 2017 10:03 am

razr390 wrote:Maybe I'm missing the point here but can anyone show me where they feel forced to buy cars and shit that they know will get taxed beforehand?

I understand the whole taxation BS but I don't think it's fair to count something that is an additional expenditure that isn't flat across the board for everyone. Someone buying a Corolla will not pay as much in tax as someone buying a Bentley and therefore it's redundant to include that as part of this thread. I can understand a house property tax, etc. but even that has to deal with local values, and discretionary spending (i.e you can CHOOSE which house/apartment/etc to buy, it's not forced upon you).
Move to Florida.

I'm surprised A republican state such as Kentucky is so tax heavy on this shit
Sales tax is the same too, you pay for what you buy. I don't see where the is with that. Income tax will always take the biggest chunk, and luckily in Florida there is no state income tax, only sales tax. But I feels for states that have both state and federal income tax, that is right there. But all of the other stuff is purely discretionary and dependent on each individual.

That's just the way I perceive it. And I may be 100% wrong. If I am, someone please take the time to explain it to me

You can also choose not to work so you pay no income tax... but it's not really a choice. Neither is never doing anything with money to avoid paying tax.

The issue isn't any one thing in particular, it's how they all stack up. As I posted near the beginning of the thread, we are paying a roughly 45% effective tax rate in total and that's living a largely lifestyle in a relatively low cost of living area.

For example we pay federal AND state AND county AND city income tax... in middle of nowhere KY for fuck's sake.

For vehicles we pay sales/use tax at purchase time AND annual property tax (and high insurance prices because NO FAULT).

razr390 wrote: ↑Wed Feb 15, 2017 9:49 am *snip*

That's just the way I perceive it. And I may be 100% wrong. If I am, someone please take the time to explain it to me

dubshow wrote: ↑Wed Feb 15, 2017 10:40 am Looks like im getting that money back this year after itemizing truck expenses for rental property.

tax profit.

Big Brain Bradley wrote: ↑Wed Feb 15, 2017 10:42 am

dubshow wrote: ↑Wed Feb 15, 2017 10:40 am Looks like im getting that money back this year after itemizing truck expenses for rental property.

tax profit.

Property you disposed of in 2016 at a YUGE profit?

Big Brain Bradley wrote: ↑Wed Feb 15, 2017 10:41 am

razr390 wrote: ↑Wed Feb 15, 2017 9:49 am *snip*

That's just the way I perceive it. And I may be 100% wrong. If I am, someone please take the time to explain it to me

The is taxes are bullshit. 20+% of your income directly to government, then when you buy every other thing you get another x% tacked on via sales tax.

Detroit wrote: ↑Wed Feb 15, 2017 11:05 am Add in the cost of healthcare, and we might as well just move to Denmark.

Big Brain Bradley wrote: ↑Wed Feb 15, 2017 10:41 am

razr390 wrote: ↑Wed Feb 15, 2017 9:49 am *snip*

That's just the way I perceive it. And I may be 100% wrong. If I am, someone please take the time to explain it to me

The is taxes are bullshit. 20+% of your income directly to government, then when you buy every other thing you get another x% tacked on via sales tax.

Detroit wrote: ↑Wed Feb 15, 2017 11:05 am Add in the cost of healthcare, and we might as well just move to Denmark.

razr390 wrote:

Big Brain Bradley wrote: ↑Wed Feb 15, 2017 10:41 am The is taxes are bullshit. 20+% of your income directly to government, then when you buy every other thing you get another x% tacked on via sales tax.

Society wants less taxes but expects the government to provide more shit. I'll agree with you that there needs to be more transparency, accountability and cost-effectiveness on spending that occurs at the federal/state levels, but still.

troyguitar wrote: ↑Wed Feb 15, 2017 11:23 am

razr390 wrote:


Society wants less taxes but expects the government to provide more shit. I'll agree with you that there needs to be more transparency, accountability and cost-effectiveness on spending that occurs at the federal/state levels, but still.

I don't want lower taxes. I want the progressive curve to be maintained all the way up to zillionaire megacorps so that we can pay off debts and maintain infrastructure and improve schools.