Apple just announced it is bringing back $252 Billion to the U.S. It will pay $38 Billion in taxes to repatriate this money. They also announced they will add 20k jobs to the U.S.

"Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the US economy," said Tim Cook, Apple's CEO. "We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness. We have a deep sense of responsibility to give back to our country and the people who help make our success possible."
Apple plans to repatriate much of its overseas profits and expects to pay taxes of $38 billion when doing so, which Apple says is likely to be the largest payment of this kind ever made. That tax payment, combined with its U.S. investments and planned capital expenditures, will account for $75 billion of its projected $350 billion contribution.

Apple will be paying 15.5 percent in taxes to repatriate its overseas cash, suggesting the company plans to repatriate approximately $245 billion, or nearly all of its foreign money.

Apple will create 20,000 new jobs and spend $30 billion hiring new employees at its existing campus and opening a new campus. Apple has a new campus in the works that will "initially house technical support for customers." Its location will be announced later in the year.

More than $10 billion of Apple's planned capital expenditures will be investments in data centers across the United States, with Apple breaking ground on a new facility in Reno, Nevada starting today.

Apple's final plan to bolster the economy is through education. The company will expand its current coding initiatives that are designed to help people learn how to create iOS apps using Swift and it will increase funding for ConnectED to help students in "historically underserved communities" learn coding skills.

Update: Apple today also told employees that it will issue a bonus of $2,500 worth of restricted stock units following the introduction of the new U.S. tax law. Stock grants will be issued to most employees below a director level worldwide "in the coming months."

Apple also plans to offer a new charitable donation program that will see the company matching all employee charitable donations to up to $10,000 annually at a rate of two to one. Apple will also double the amount it matches for each hour of time an employee donates to a charity.

"Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the US economy," said Tim Cook, Apple's CEO. "We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness. We have a deep sense of responsibility to give back to our country and the people who help make our success possible."
Apple plans to repatriate much of its overseas profits and expects to pay taxes of $38 billion when doing so, which Apple says is likely to be the largest payment of this kind ever made. That tax payment, combined with its U.S. investments and planned capital expenditures, will account for $75 billion of its projected $350 billion contribution.

Apple will be paying 15.5 percent in taxes to repatriate its overseas cash, suggesting the company plans to repatriate approximately $245 billion, or nearly all of its foreign money.

Apple will create 20,000 new jobs and spend $30 billion hiring new employees at its existing campus and opening a new campus. Apple has a new campus in the works that will "initially house technical support for customers." Its location will be announced later in the year.

More than $10 billion of Apple's planned capital expenditures will be investments in data centers across the United States, with Apple breaking ground on a new facility in Reno, Nevada starting today.

Apple's final plan to bolster the economy is through education. The company will expand its current coding initiatives that are designed to help people learn how to create iOS apps using Swift and it will increase funding for ConnectED to help students in "historically underserved communities" learn coding skills.

Update: Apple today also told employees that it will issue a bonus of $2,500 worth of restricted stock units following the introduction of the new U.S. tax law. Stock grants will be issued to most employees below a director level worldwide "in the coming months."

Apple also plans to offer a new charitable donation program that will see the company matching all employee charitable donations to up to $10,000 annually at a rate of two to one. Apple will also double the amount it matches for each hour of time an employee donates to a charity.

Damn!!!! Some MSM are saying this is occurring for reasons other than the GOP tax bill. Thanks Obama!!!

Watching the financial news this morning. They said the list of companies that credit the GOP tax bill for giving stock options, raises, bonuses, etc to emplyees and repatriating out of country profits is up to 240 companies now. They said this effects approximately 2.5 million employees with just these 240 companies.

The other bit of news that is credited to the GOP tax bill is the IMF is forecasting world economic growth of 3.9% for this year and credits the GOP tax bill along with the growing US economy for the world economy doing better.

https://www.wsj.com/articles/u-s-tax-overhaul-will-accelerate-global-growth-imf-says-1516629601

Watching the financial news this morning. They said the list of companies that credit the GOP tax bill for giving stock options, raises, bonuses, etc to emplyees and repatriating out of country profits is up to 240 companies now. They said this effects approximately 2.5 million employees with just these 240 companies.

The other bit of news that is credited to the GOP tax bill is the IMF is forecasting world economic growth of 3.9% for this year and credits the GOP tax bill along with the growing US economy for the world economy doing better.

https://www.wsj.com/articles/u-s-tax-overhaul-will-accelerate-global-growth-imf-says-1516629601

Those companies don't know what they're talking about, nor does the IMF. The economic situation would have been the same or even better (DOW 50,000!) had Hillary Clinton been elected, as most of this bump is due to the lightworker policies of Hussein Obama. Please note that no amount of argument or evidence can disprove the preceding statements.

/sarc
/MSM spin
 

Those companies don't know what they're talking about, nor does the IMF. The economic situation would have been the same or even better (DOW 50,000!) had Hillary Clinton been elected, as most of this bump is due to the lightworker policies of Hussein Obama. Please note that no amount of argument or evidence can disprove the preceding statements.

/sarc
/MSM spin
 

Thanks Obama!!! 

Thanks Obama!!! 

I'd say "He didn't build that. Someone else built that", but of course Obama is the exception to his own rules (at least in his own mind). Funny how that works. 

I'd say "He didn't build that. Someone else built that", but of course Obama is the exception to his own rules (at least in his own mind). Funny how that works. 

Got my pay stub this morning. The Federal taxes taken out of my paycheck was 2.1% lower than on my last paycheck.

Not a lot but I'll take it. 

Got my pay stub this morning. The Federal taxes taken out of my paycheck was 2.1% lower than on my last paycheck.

Not a lot but I'll take it. 

Great news! And all it took was sending our national debt spiraling out of control.

All we have to do now is switch our savings over to BTC before the Dollar loses all value and then we can tell the rest of the world where to stick it!

Winning is awesome!

Great news! And all it took was sending our national debt spiraling out of control.

All we have to do now is switch our savings over to BTC before the Dollar loses all value and then we can tell the rest of the world where to stick it!

Winning is awesome!

That is a bit of a premature statement as we don't know yet how much or if at all will the tax cuts stimulate the economy enough to bring in more tax revenue. When we find out in a year or two, we can all discuss this.

As far as BTC is concerned, have you tried to get your BTC converted to dollars or any other currency? Which currency do you recommend? 

Yes, I agree. Winning is awesome!!! 

Stock goes up 40%, all thanks given to Obama
Stock goes down 2%, ITS TRUMP FAULT

Companies offering more pay/benefit/hiring, none of this is the GOP tax bills doing

No dems, but all republicans want to release the memo
Now for dems rebuttal memo, both dems and republicans want to release it.

See how our society works.

Great news! And all it took was sending our national debt spiraling out of control.

Exactly. The baby boomers will have the legacy of being the most selfish generation. Literally bankrupting future generations for short term gain.

Sent from my SM-G920V using Tapatalk

See how our society works.

It's a model of perfect efficiency. As long as both sides can blame someone else then nobody has to address the problem and we can all keep on winning forever!

Dow Jones has closed back up over 25,200 for two days in a row and is down less than 5% since the recent volatility started. So we saw a correction and now a recovery. We'll see where it goes from here.

Most financial data in the private sector continues to look good. It never waivered during the correction. Government financials remain strong even though we have a somewhat high debt to GDP ratio. We'll see how the tax bill combined with strong growth affects this ratio in the next few years. Historically speaking this ratio has gone down during periods of high growth.

We really need to get our debt paid down by controlling certain types of spending as well as get our entitlement programs under control now that our economy is starting to grow quickly and unemployment is at a low point.. JMHO

Exactly. The baby boomers will have the legacy of being the most selfish generation. Literally bankrupting future generations for short term gain.

And,,,,,,we are loving sticking it to millennial liberals that worship socialism.