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Old 01-12-2018, 02:39 AM   #2351
batair
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Re: 2017 "Tax Reform": They'll Screw This Up Too, Right?

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Originally Posted by Inso0 View Post
This is a legitimate criticism, but there are also reasons to do what they did. Some of those may be entirely self-serving for Walmart, but not necessarily all.

Have you ever worked retail? Telling employees the store is closing weeks/months before it does can be a fantastic way to make those last few weeks/months miserable for all involved, including customers.

In the late 90s a good friend of mine worked at a CompUSA. They knew about their store closing, and it was a ridiculous free-for-all of shenanigans for that final stretch.

Still, you have a legit criticism there. It's a bit ****ty.
With the pay and treatment of its employs a little looting and sabotage seems fair.


Last edited by batair; 01-12-2018 at 02:44 AM. Reason: I joke...mostly.
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Old 01-12-2018, 01:15 PM   #2352
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Re: 2017 "Tax Reform": They'll Screw This Up Too, Right?

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Originally Posted by TheHip41 View Post
but if that same firm takes out a billboard on the expressway, the taxpayers should cover that?
Advertising and marketing are legitimate business expenses and should be deductible.

Taking advantage of the system by writing off meals and entertainment that really have nothing to with the business is not legitimate and shouldn't be deductible. I'd be willing to bet most people know exactly what I'm talking about here.

** I realize business aren't always taking advantage and it's hard (if not impossible) to distinguish between "taking advantage" and a legitimate M&E expense.

In theory, I like it if they are at least trying to remove the fraudulent deductions -- but I'm still skeptical.
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Old 01-12-2018, 01:17 PM   #2353
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Re: 2017 "Tax Reform": They'll Screw This Up Too, Right?

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Originally Posted by VanceAce View Post
Advertising and marketing are legitimate business expenses and should be deductible.

Taking advantage of the system by writing off meals and entertainment that really have nothing to with the business is not legitimate and shouldn't be deductible. I'd be willing to bet most people know exactly what I'm talking about here.

** I realize business aren't always taking advantage and it's hard (if not impossible) to distinguish between "taking advantage" and a legitimate M&E expense.

In theory, I like it if they are at least trying to remove the fraudulent deductions -- but I'm still skeptical.



I don't really care about this deduction either way, but the fact they are removing deductions is going to hear S-corp owners.
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Old 01-12-2018, 03:06 PM   #2354
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Re: 2017 "Tax Reform": They'll Screw This Up Too, Right?

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I don't really care about this deduction either way, but the fact they are removing deductions is going to hear S-corp owners.
The same S corp owners who just got a blanket 20% deduction on all their income? qqqqq
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Old 01-12-2018, 04:42 PM   #2355
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Re: 2017 "Tax Reform": They'll Screw This Up Too, Right?

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We both know that's not a short answer, but I'll give you one anyway. Happy employees help create happy customers.

Walmart still has a business to run and shareholders to answer to. There's spending for the sake of employee morale and retention, and then there's simply pissing money away on a losing venture. You have to strike a balance.
I agree with this 100%.

Notice how the tax rate is not mentioned anywhere in your answer?
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Old 01-12-2018, 05:12 PM   #2356
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Re: 2017 "Tax Reform": They'll Screw This Up Too, Right?

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The same S corp owners who just got a blanket 20% deduction on all their income? qqqqq
This isnt actually true


There are limits based on lots of things. Most people aren't going to get 20% off the top


To be clear, the tax plan will help most S corps, but there are certain subsets that will lose more deductions than they gain from the pass through law.
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Old 01-14-2018, 02:22 PM   #2357
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Re: 2017 "Tax Reform": They'll Screw This Up Too, Right?

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Originally Posted by VanceAce View Post
Advertising and marketing are legitimate business expenses and should be deductible.
Explain to me why they are legitimate.
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Old 01-14-2018, 02:34 PM   #2358
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Re: 2017 "Tax Reform": They'll Screw This Up Too, Right?

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Explain to me why they are legitimate.


They are expenses incurred for the purpose of making more profit.

Similar to hiring employees or buying new equipment.
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Old 01-14-2018, 03:37 PM   #2359
VanceAce
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Re: 2017 "Tax Reform": They'll Screw This Up Too, Right?

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Originally Posted by estefaniocurry View Post
Explain to me why they are legitimate.
Generally speaking, it's a true costs of doing business.

Revenue - Cost = Profit

Government should only tax a business' profit.
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Old 01-15-2018, 10:02 AM   #2360
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Re: 2017 "Tax Reform": They'll Screw This Up Too, Right?

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Another day, another round of companies announcing bonuses and wage increases.

It must really suck to be a liberal.
Remember when this clown was spiking the football because wage increases were the only possible outcome from the tax cuts?

Oh, but also massive layoffs and store closures? Pay no attention to the capitaist behind the curtain!!

lol inso, always and forever.
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Old 01-15-2018, 11:35 AM   #2361
dth123451
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Re: 2017 "Tax Reform": They'll Screw This Up Too, Right?

It always comes back to the only unchanging factor: being a complete piece of **** with no empathy
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Old 01-15-2018, 09:11 PM   #2362
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Re: 2017 "Tax Reform": They'll Screw This Up Too, Right?

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It always comes back to the only unchanging factor: being a complete piece of **** with no empathy
That's exactly right. Describes people like Inso and Wil to a T.
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