Thanks, GOP! T-Mobile won't have to pay any taxes until 2024 now

Thanks, GOP! T-Mobile won't have to pay any taxes until 2024 now
T-Mobile ran the numbers on the new Republican tax cuts bill making its way through the House and Senate, and concluded that it won't have to pay any cash taxes for the next seven years. 

This sweet revelation dawned on the carrier's CFO while they were probing different scenarios under which the reconciled bill may end up, and, even in the most dire of circumstances presented in the final bill, T-Mobile would be tax-exempt of sorts for the foreseeable future. 

As per T-Mobile's Chief Financial Officer Braxton Carter:


Hopefully T-Mobile will use all that newfound cash to build up its upcoming 5G network and improve on existing coverage and spotty service at more remote places, rather than stock buybacks or executive bonuses, or the whole tax cuts bill spirit risks going the way of all other tax cuts before it.

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51 Comments

1. Arch_Fiend

Posts: 3951; Member since: Oct 03, 2015

Tmo will put the funds to good use.

2. piyath

Posts: 2445; Member since: Mar 23, 2012

Build more plants, factories, cell towers across the America and be thankful by hiring more people for jobs at T-mobile... Help the USA economy to grow further.

44. boomski17

Posts: 10; Member since: Jun 23, 2017

Plants and factories of what??? What decade are you stuck in??

3. boriqua2000

Posts: 251; Member since: Mar 11, 2009

Meanwhile the working man pays more taxes to make up for the rich tax free life. Must be nice.

4. piyath

Posts: 2445; Member since: Mar 23, 2012

That's the silly liberal argument as Obama failed to do anything about middle class. For middle class to thrive and be wealthy rich people has to offer more jobs and opportunities to earn. Less corporate taxes means more money repatriation thus more local investments. And in this way rich people have a moral obligation to hire more poor people and raise their wages too. And when more products are made in USA and more products being exported more wealth will return to the USA thus to the middle class. This is a long term plan which will stick for centuries eventually. Giving middle class $100 per month by raising rich people taxes is stupid and very temporary.

5. Back_from_beyond

Posts: 1377; Member since: Sep 04, 2015

And you think the rich give a damn about hiring the poor? Of course not, they care about having more money to spend on frivolous things. You must really be naive to think this tax bill benefits anyone other than the already well off Americans.

7. Peacetoall unregistered

instead of whining and crying why don't you work hard and become rich then and enjoy all tax cuts.

9. Back_from_beyond

Posts: 1377; Member since: Sep 04, 2015

I made $135,000 last year, so I'm not complaining, I am however realistic, this tax bill doesn't benefit anyone but the rich. The working class gets to pay so the rich can have it even easier. The poor get even poorer. The amount of poverty in this great nation is increasing year after year, this new tax bill is set to increase its growth rate substantially.

17. Furbal unregistered

Made about the same, we'll be paying 5100 or so less taxes.

6. Peacetoall unregistered

I agree with you on that piyath. Obama destroyed America we all know and loved.

11. Back_from_beyond

Posts: 1377; Member since: Sep 04, 2015

Except Obama did his best to keep it from dying, it was bleeding out bad. The USA is so far in debt, there isn't enough money in the USA to keep it from going bankrupt. Obama was trying hard to make a difference, to reduce the debt. So far all of Trump's plans will do the exact opposite. Obama was realistic that the USA couldn't continue down the same path. Trump is setting the USA on a collision course with disaster, readying it to become a third world country.

13. Peacetoall unregistered

USA is already a third world country thanks to Obama

16. Back_from_beyond

Posts: 1377; Member since: Sep 04, 2015

Except Obama fought hard to undo the harm done by the previous administration. Thanks to Obama's efforts Trump can claim that unemployment has decreased since he took office, when in reality nothing he'd done so far had any impact. That was all Obama. Twisting facts is what makes Trump so dangerous. The fact is that Obama was trying to make America great again, all Trump is doing is leading it to destruction.

20. Peacetoall unregistered

Trump won get over it. consumer have shown great confidence in trump since he imaugrated market is over the roof. please stop whining

23. Back_from_beyond

Posts: 1377; Member since: Sep 04, 2015

The markets were on the rise long before Trump even announced his run for president. Bush took a sledgehammer to them, Obama rebuilt the economy and Trump gets to reap the rewards and his successor will deal with the fallout of Trump's very short term solutions.

46. boomski17

Posts: 10; Member since: Jun 23, 2017

The only thing I'm whining about is your grammer, are you Russian?

15. Peacetoall unregistered

you people should stop being butthurt and make some money like others are making big money while investing in stock market. what an bunch of butthurt losers.

18. Furbal unregistered

Trying to reduce the debt? It doubled under him. That is a laughable statement. Granted that is controlled by congress. He sure didn't help it though

21. Peacetoall unregistered

these today so called liberals are such a cry baby they live in their own small bubble. Im so happy that I still believe in classical liberalism.

22. Back_from_beyond

Posts: 1377; Member since: Sep 04, 2015

It didn't double under him though. Obama's long term plans would've reduced the debt. What however did rapidly increase the debt was fighting two wars, the military budget is very largely to blame for that, and none of it has made the world a safer place, quite the opposite.

24. Furbal unregistered

Apologies, it went from 10 trillion to 19.9 trillion. Military spending is 16% of the budget, that is not the main driver behind the debt. We overspend on everything, how about we let everyone keep more of their own money and reduce some spending at the federal level?

25. Back_from_beyond

Posts: 1377; Member since: Sep 04, 2015

And how much of that can be attributed to Obama's own doing? And what of Obama's efforts to rebuild the economy, which has been and continues to do better every day. Greatest unemployment decrease ever under his administration. Forced to deal with a financial crisis that could've bankrupted the country and forced restructuring and bailouts to keep it from happening. A financial crisis he had no part in. If you really do the math, he did an amazing job under the toughest of circumstances.

26. Peacetoall unregistered

best job in doubling down the debt. yeah right

30. TheOracle1

Posts: 2213; Member since: May 04, 2015

Jeez. It doubled under him because in order to get out of a massive recession/depression you either cut spending drastically or you increase it by huge spending. You fund that spending by borrowing using all the instruments available like treasury instruments. Go back to the 1930's and FDR's New Deal which salvaged the economy. It was all financed by debt and the US didn't properly come out of the depression until 1941 when WW2 gave the economy a huge boost that lasted throughout the 1950's. Do you know anything about economics or history?

10. Back_from_beyond

Posts: 1377; Member since: Sep 04, 2015

Do you realize that if more products that have been made in China or Mexico are now made in the USA, where labor is already a lot more costly for companies, it will result in inflation, making said products more expensive to purchase, meaning people have to make more money to buy the same products. Wages won't increase enough however to compensate for the increase of retail prices so people in turn get poorer. So maybe you end up earning 2% more annually, but how does that compare when prices of products you're used to buying increase 5% or more? That's the long term reality of what Trump's administration is pushing through. Meanwhile that >3% difference goes to the rich to make them richer.

12. Back_from_beyond

Posts: 1377; Member since: Sep 04, 2015

And what do you think will happen in a few years when people start buying less, because they can't afford it? American workers will once again lose their jobs, making the whole effort a bitter, fruitless experience for the majority of Americans, with a select few laughing their asses off.

14. Peacetoall unregistered

wack wack you called for it. americans want more wages per hour and less work to do which is impossible. start your own business as the new tax plan would help new small businesses.

19. Back_from_beyond

Posts: 1377; Member since: Sep 04, 2015

Pretty happy where I am right now, promoted to senior project manager this year and set to earn $175,000 excluding bonuses for early completion. Like I said, I'm doing just fine and I help my family whenever they need. I work on average 60 hours a week, in the past I worked even more to get where I am now. I pay what I owe, I don't try to find loopholes to pay less or get more back. I just pay my taxes on what I earn and everything else I pay for with what I have left.

27. Carl3000

Posts: 240; Member since: Oct 11, 2014

I completely agree with you here my brother, but the last 30 years has proven the honor and moral systems are dead. Virtually all the jobs will be outsourced to foreign countries where corporations can pay people pennies on the dollar. The wealth in the middle and lower classes will increase at best by 2% while the wealth of the rich will astronomically raise by over 50% (even more after all tax loop holes considered). That is just unacceptable no matter your political ideology.

28. Sloiz

Posts: 25; Member since: Jul 21, 2017

Or second option: - give tax breaks to poor. They will sure be spending more. They sure have desire and reasons to have beter car, new house, iphone,...More spending will crate more jobs. American companyes would certanly be glad to produce merchandise. If they buy imports traders will benefit and taxes on import taxes would be welcome for treasury. Giving tax breaks to rich will result in more milking of the poor and cash hiding in tax heavens. Rich peoople are rich for reason. They don't like to give cash away. Speaking that that would cause more investments because they have more money is false, investments are mede because someone wants to spend money for mercahandise and there is need on market. They already have all money to make investmens, but many companiees arejust hiding money, investing on foreign markets,...

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