View Single Post
Old 07-25-2016 | 06:22 AM
  #36  
Timbo's Avatar
Timbo
Runs with scissors
 
Joined: Dec 2009
Posts: 7,847
Likes: 0
From: Going to hell in a bucket, but enjoying the ride .
Default

And.... one more reason the company wants us to trade PS for pay, they are going to have to start paying income tax pretty soon. For the past 12(?) years they have not had to pay income tax, because of the billions lost after 9-11 and the bankruptcy.

They've used up all those tax credits, now they have to start paying tax on profits, which will be huge going forward, but they can kill 2 birds with one stone by reducing their profits (and associated taxes) by the amount they trade PS for pay raises.

$1 Billion in pay increases to the pilots = $1 Billon less in profits to pay income tax on.

It's Win Win! (for them)
Reply