Thursday, January 25, 2018

Job Bonus Sham

The pitch: Home Depot hourly employees to receive up to $1,000 bonus due to tax reform. Ha!

Here we go.The insult. This is how the bonuses are structured for Home Depot, to  buy off Americans into believing this tax garbage. I assume that other companies will be following suit.

Less than 2 years: $200 bonus
2 to 4 years: $250 bonus
5 to 9 years: $300 bonus
10 to 14 years: $400 bonus
15 to 19 years: $750 bonus
20+ years: $1,000 bonus

Home Depot joins a growing list of corporations using new tax benefits to invest in their workers.Certain additional expenses and the bonus payments will negatively impact Home Depot's fiscal 2017 earnings.Home Depot is still evaluating how new tax legislation will impact the business in fiscal 2018, but said it should be "beneficial"

Home Depot declined to comment on these amounts.

CNBC

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