Tax Cuts - An Examination Of The 2017 TCJA Impact [zero hedge]
Pfizer, Inc. (PFE)
Last pfizer, inc. earnings: 4/28 06:45 am
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Source: zero hedge
Tax Cuts - An Examination Of The 2017 TCJA Impact Authored by Lance Roberts via RealInvestmentAdvice.com, An analysis of Presidential Candidate Trump’s policy proposals recently suggests that tax cuts will increase the deficit. While the raw analysis is correct, as it subtracts the potential for reduced tax collections from the tariff revenue, it ignores the impact on economic growth. There is much rhetoric about the impact of tax cuts, mostly centering around “only benefitting the rich.” While it may seem that “the rich” are the ones who benefit, there are two important points to consider. First, “ the rich” already pay most of the taxes. The Tax Foundation shows that the top 10% of income earners paid 59.1% of taxes . The top 25% of income earners comprised nearly 70% of all tax revenue, with the top 50% paying 97% of all taxes. Of course, such begs the question of those claiming the “rich should pay their fair share” what that fair share is. Secondly, due to the complexities of the
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PFE
News
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- Stock Market Tanks as Trump Unveils Nightmare Cabinet Picks [Yahoo! Finance]Yahoo! Finance
- Big Tech Stocks Suffer $500 Billion Selloff As ‘Dangerously Bullish' Rally Loses Steam [Forbes]Forbes
PFE
Earnings
- 10/29/24 - Beat
PFE
Sec Filings
- 11/4/24 - Form 10-Q
- 11/1/24 - Form 4
- 11/1/24 - Form 4
- PFE's page on the SEC website