They are using a new tax loophole to make money. A penny saved is penny earned.
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Question is it a real lose or a paper lose & what areas did these loses come from
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How do you need to write down $20 billion when your tax rate just went from 35% to 21%? Non deductible comp? Does JPM have more than five thousand people making say $2 million+ a year? That would only account for a billion. Or more likely enormous deferred tax reserves.
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But but but
@chuckschumer and the@DNC said the tax bill only favors the big corporations and wealthy. Meanwhile the real fact is 90% of American earners will get a tax break. Just the facts: http://www.trumpscorecard.com/taxes.htmlThanks. Twitter will use this to make your timeline better. UndoUndo
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They need better accountants.
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Doesn't bother me. One time hit in what should be a big year for banks
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Something sounds wrong?
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@SpeakerRyan@realDonaldTrump unintended consequences if ignorant lawmakers rushing bad bills to law. SADThanks. Twitter will use this to make your timeline better. UndoUndo
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in the business world this normal. Take a loss this year ....It was not caused by new tax laws they are not even in effect yet
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This explains my almost 20m on hold right now to speak to a cust svc agent for my
@citi CC
still waiting. #citisuckspic.twitter.com/bhGTvtLLU6
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Soaring stock prices and a $20b loss doesn’t add up.
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