New Senate Tax Plan

[RallyMo]

39 minutes ago, Blarg said:

They are owned by WalMart. It makes them competition with themselves in some markets. We have s Costco, Sam's Club and Walmart all off the same street within two blocks of each other. I expect eventually, if they aren't already on the list, the Sam's Club will close.

That has nothing to do with corporate tax breaks, it's about over saturation of the market.

*Just checked the list and the San Dimas/Glendora store survived the cut. 

Check out CNBlargC with the commonly known info drop.

[Adam]

CNBlargC is really, really good

[Blarg]

Fair and balanced but with an air of snarkiness you've grown to expect.

 

[Jason]

http://money.cnn.com/2018/01/11/news/companies/sams-club-store-closing/index.html

 

https://www.usatoday.com/story/money/2018/01/11/sams-club-closing-dozens-stores-reports-say/1024986001/

 

Sort of makes sense. They are going to have to step up their online game to compete with Amazon. Good luck with that

[Tank]

remember a few years ago when there were stories that amazon might fold up their tents?

[Jason]

1 hour ago, Tank said:

remember a few years ago when there were stories that amazon might fold up their tents?

and Wal-Mart was running everyone else out of business

[Rico]

[Tank]

rico, is that out of the ordinary? or is it coincidental? was it caused by the new tax policy or is it just a facebook meme?

[Warfarin]

I believe the moral of the story of this bill is, if you can figure out somehow/someway to become an S-Corp or LLC, go for it, you'll be in great shape.  Otherwise, as a W2, there isn't too much benefit to be had.

[mrwicked]

f*ck taxes.

[Warfarin]

15 minutes ago, mrwicked said:

f*ck taxes.

Right on man.  Sometimes I wonder if it's worth it to live out here, based on how expensive property is, all the taxes, etc.  But then I see how the rest of the country is getting hammered by snow and blizzards, and how it's a balmy 75 degrees out here, and then I'm like.. "oh yeah," haha.

[Blarg]

I drove with my wife with the top down on the SLK and had lunch on a patio. It was perfect outside and we discussed me creating a corporation to install an edit system at home and write it all off. So I guess I should hold the receipt because it was a business lunch.

[Warfarin]

1 minute ago, Blarg said:

I drove with my wife with the top down on the SLK and had lunch on a patio. It was perfect outside and we discussed me creating a corporation to install an edit system at home and write it all off. So I guess I should hold the receipt because it was a business lunch.

I would say so!

[Rico]

6 hours ago, Tank said:

rico, is that out of the ordinary? or is it coincidental? was it caused by the new tax policy or is it just a facebook meme?

Well it's a Facebook meme, but the job losses are real.  Now I wouldn't say these losses are because of the new tax policy, but the new tax policy didn't save them either.  Just because you give corporations tax cuts doesn't mean they will create more jobs.

[Warfarin]

3 hours ago, Rico said:

Well it's a Facebook meme, but the job losses are real.  Now I wouldn't say these losses are because of the new tax policy, but the new tax policy didn't save them either.  Just because you give corporations tax cuts doesn't mean they will create more jobs.

The real way to win, asides from having your own business, is to just keep investing in the stock market for now.  I'm guessing record highs will keep occurring for a bit, as businesses pass on their tax savings to shareholders (not employees).

[Make Angels Great Again]

16 hours ago, Rico said:

Well it's a Facebook meme, but the job losses are real.  Now I wouldn't say these losses are because of the new tax policy, but the new tax policy didn't save them either.  Just because you give corporations tax cuts doesn't mean they will create more jobs.

 

Tax cuts aren't always going to save poor business decisions.

These tax cuts are a big beautiful thing for the country.

[gotbeer]

Have at it @Blarg  Time to make the change, since the tax bill only helps the rich.

Uber drivers, freelancers and other independent contractors are getting a tax cut  

[Stradling]

I’ve heard that 60 Sams Clubs are closing however they are opening 200 WallMart Neighborhood Markets.  Did I hear it wrong?

[RallyMo]

11 hours ago, Stradling said:

I’ve heard that 60 Sams Clubs are closing however they are opening 200 WallMart Neighborhood Markets.  Did I hear it wrong?

Not this one:

http://www.wdbj7.com/content/news/Walmart-plans-to-close-Roanoke-Neighborhood-Market-store-this-month-468167693.html

All that will be left of it will be a sign that says "CROATOAN."

[mtangelsfan]

43 minutes ago, RallyMo said:

Not this one:

http://www.wdbj7.com/content/news/Walmart-plans-to-close-Roanoke-Neighborhood-Market-store-this-month-468167693.html

All that will be left of it will be a sign that says "CROATOAN."

Excellent.

[Jason]

https://www.cnbc.com/2018/01/17/apple-announces-350-billion-investment-20k-jobs-over-5-years.html

This sounds like positive news. I may need some Dems to point out how it isn't so I can get a balanced approach

[Adam]

1 hour ago, Jason said:

https://www.cnbc.com/2018/01/17/apple-announces-350-billion-investment-20k-jobs-over-5-years.html

This sounds like positive news. I may need some Dems to point out how it isn't so I can get a balanced approach

 

Well people will die. But other than that, good shit

[Tank]

6 hours ago, RallyMo said:

Not this one:

http://www.wdbj7.com/content/news/Walmart-plans-to-close-Roanoke-Neighborhood-Market-store-this-month-468167693.html

All that will be left of it will be a sign that says "CROATOAN."

standing ovation, rally.

i'm glad this post wasn't S T U P I D.

[Rico]

1 hour ago, Jason said:

https://www.cnbc.com/2018/01/17/apple-announces-350-billion-investment-20k-jobs-over-5-years.html

This sounds like positive news. I may need some Dems to point out how it isn't so I can get a balanced approach

They had already planned on doing this before the tax cuts.

[Spirit]

True.  Lots of companies started making plans like this once Trump won because they were anticipating the tax cut coming.  Once it was announced, they pulled the trigger.