Trump Tax Bill Overwhelmingly Favors US Non-Technology Companies Over US Technology Companies ...................................................................................... It's Clearly a Viciously Vindictive Attack on the Younger US Technology Industry and on Millennials ...................................................................................... US Corp Individual Net Deferred Income Tax Liabilities Drive the Massive Trump Tax Bill Debt Forgiveness and Also Drive the Resultant 4Q 2017 Huge Regular US GAAP Earnings Increases ...................................................................................... There Were Only 9 US Technology Companies With Stock Market Caps Above $40 Bil With Net Deferred Income Tax Liabilities Which Totalled $47.5 Bil in Their Most Recent Annual Report SEC Filing and That Was All Due to the Unremitted Foreign Earnings of Apple and Broadcom: Also, There Were 17 Largest US Techs With Net Deferred Income Tax Assets, Which Drive 4Q 2017 Earnings Declines ...................................................................................... On the Other Hand, There Were 75 US Non-Technology Companies With Stock Market Caps Above $40 Bil With Net Deferred Income Tax Liabilities Which Totalled a Massive $613 Bil in Their Most Recent Annual Report SEC Filing ...................................................................................... And This More Than a $1 Trillion of Immediate Debt Forgiveness When Donald Trump Signs This Tax Bill Does Nothing to Stimulate the US Economy, Instead It Just Rewards Companies For Past Actions: It is Clearly Just a Throw Away of US Taxpayer Money ...................................................................................... US Corps With Stock Market Caps Below $40 Bil Show Even Much More Pronounced Net Deferred Income Tax Liabilities Gaps, Thus Also Much Higher US Corp Debt Forgiveness Gaps and Also Much Higher US Corp 4Q 2017 Earnings Gaps Between the US Techs and the US Non-Techs: My Preliminary Amounts Here Should Make Millennials Angry

From a review of income tax and other footnotes in their most recent audited annual financial statements in their SEC filings, below here are the audited Net Deferred Income Tax (Liabilities) Assets mostly at December 31, 2016, along with other related income tax disclosures for the 26 largest US Technology Companies and the 119 largest US Non-Technology Companies with stock market caps above $40 Bil recently.

			Deferred	Deferred	Deferred
		Net	Income	Income	Income
		Deferred	Tax	Tax	Tax
		Income	(Liabilities)	Assets	Assets
		Tax	Related To	Related To	Related To
		Assets	Unremitted	Pensions &	Unused
		(Liabilities)	Earnings of	Other Post	Tax
US Technology Companies	State	Mostly	Foreign	Retirement	Credits
Stock Market Caps Above $40 Bil	HQs	12-31-16	Subs	Benefits	C/Fs
		bils $s	bils $s	bils $s	bils $s
Cos With Net Deferred Income Tax Liabilities
Apple	CA	(27.588)	(36.355)
Broadcom	CA	(9.979)	(10.954)
Visa	CA	(5.899)
Paypal	CA	(1.194)	(1.246)
salesforce.com	CA	(0.907)			0.241
Intel	CA	(0.823)
Priceline Group	CT	(0.799)
Adobe Systems	CA	(0.218)	(0.293)		0.063
Nvidia	CA	(0.134)	(0.827)		0.728
Total all 9		(47.541)	(49.675)	-	1.032
Cos With Net Deferred Income Tax Assets
Alphabet	CA	0.062	(3.468)		0.503
Amazon	WA	0.082			0.041
Intuit	CA	0.125
Mastercard	NY	0.226			0.041
Netflix	CA	0.227			0.107
Activision Blizzard	CA	0.239			0.071
Texas Instruments	TX	0.341	-	0.082
Applied Materials	CA	0.371	(0.042)
Cognizant Technology	NJ	0.419			0.274
VMware	CA	0.462
Micron Technology	ID	0.749	(0.123)
Facebook	CA	0.854	(0.357)		0.268
Microsoft	WA	1.881	(1.107)
Accenture	IL	2.078		0.295	1.420
Qualcomm	CA	2.667			1.798
Cisco Systems	CA	3.968
IBM	NY	4.799		4.265
Total all 17		19.550	(5.097)	4.642	4.523
Total all 26 US Techs With Market Caps > $40 Bil		(27.991)	(54.772)	4.642	5.555

			Deferred	Deferred	Deferred
		Net	Income	Income	Income	Deferred
		Deferred	Tax	Tax	Tax	Income
		Income	(Liabilities)	Assets	Assets	Tax
		Tax	Related To	Related To	Related To	(Liabilities)
		Assets	Unremitted	Pensions &	Unused	Related To
		(Liabilities)	Earnings of	Other Post	Tax	Unrealized
US Non-Technology Companies	State	Mostly	Foreign	Retirement	Credits	Investsment
Stock Market Caps Above $40 Bil	HQs	12-31-16	Subs	Benefits	C/Fs	Appreciation
		bils $s	bils $s	bils $s	bils $s	bils $s
Cos With Net Deferred Income Tax Liabilities
Berkshire Hathaway	NE	(76.959)				(27.669)
AT&T	TX	(58.717)		-
Verizon	NY	(45.964)
Comcast	PA	(34.813)
Pfizer	NY	(30.099)	(23.108)	3.282
Exxon Mobil	TX	(29.921)		6.053
Charter Communications	CT	(26.665)
Kraft Heinz	PA	(20.795)		1.025
Exelon Corp	IL	(17.457)	-	2.287	0.446	-
Union Pacific	NE	(15.996)		0.222	0.145
Duke Energy	NC	(14.155)		0.561	3.153
Southern Co	GA	(14.092)		1.131	1.974
Chevron	CA	(12.867)		4.392	10.970
Allergan	NJ	(12.736)
Prudential Financial	NJ	(10.795)	(0.380)			(10.551)
Next Era Energy	FL	(10.640)		(0.309)	3.059
Reynolds America	NC	(9.607)		0.759
CSX Corp	FL	(9.596)		0.125
Metlife	NY	(9.367)		-	1.574
Dominion Energy	VA	(8.554)		0.087	1.087
ConocoPhillips	TX	(8.549)		1.280
Altria Group	VA	(8.064)		1.282
CME Group	IL	(7.291)
Wells Fargo	CA	(7.051)
AbbVie	IL	(6.665)		0.665
Phillips 66	TX	(6.651)		-	0.148
Procter & Gamble	OH	(6.104)		1.775
EOG Resources	TX	(5.012)	(0.280)		0.758
T-Mobile US	WA	(4.938)			0.284
BlackRock	NY	(4.820)			0.118
Merck	NJ	(4.531)	(2.044)	0.727
PepsiCo	NY	(4.434)		0.735
Mondelez Intl	IL	(4.363)		0.584
Walt Disney	CA	(4.311)
CVS Health	RI	(4.214)		0.065
Coca Cola	GA	(4.039)		1.112
Freeport-McMoran	AZ	(3.765)	(0.779)	0.403	2.538
InterContinental Exchange	GA	(2.954)		0.089	0.064	-
Danaher	DC	(2.852)		0.392
Bank of NY Mellon	NY	(2.851)
Anthem	IN	(2.780)		0.096
Wal-Mart	AR	(2.768)
UnitedHealth Group	MN	(2.761)
Time Warner	NY	(2.553)
Amgen	CA	(2.383)
PNC Financial	PA	(2.366)
Walgreens Boots Alliance	IL	(2.274)		0.134
Thermo Fisher Scientific	MA	(2.175)	(0.156)
LyondellBasell Industries	TX	(2.139)
Schlumberger	TX	(1.880)
FedEx	TN	(1.810)
Medtronic	MN	(1.631)		0.456
Occidental Petroleum	TX	(1.132)		0.342	2.458
Constellation Brands	NY	(1.132)	(0.229)
Phillip Morris	NY	(1.038)	(0.636)	0.543
Praxair	CT	(1.024)		0.352
Boeing	WA	(1.006)		10.878
Chubb Ltd	PA	(0.988)	(2.001)		2.115
Marriott	MD	(0.904)			0.079
McDonalds	IL	(0.828)
Becton Dickinson	NJ	(0.776)
American Tower	MA	(0.582)
Biogen	MA	(0.490)			0.201
US Bancorp	MN	(0.479)		0.394
TJX Cos	MA	(0.308)	(0.214)
Kimberly Clark	TX	(0.298)		0.499
Eli Lilly	IN	(0.216)	(0.674)	0.861	0.459
JPMorgan Chase	NY	(0.205)		2.911
Home Depot	GA	(0.205)
Las Vegas Sands	NV	(0.200)			3.953
Honeywell	NJ	(0.139)		0.673
Automatic Data Processing	NJ	(0.070)		(0.125)	0.050
Costco	WA	(0.058)			0.036
United Technologies	CT	(0.035)		2.382	0.873
Aetna	CT	(0.004)		0.196
Total all 75		(612.891)	(30.501)	49.316	36.542	(38.220)
Simon Property Group	IN	-
Carnival	FL	-
Cos With Net Deferred Income Tax Assets
S&P Global	NY	0.013		0.105
Tesla	CA	0.026			0.315
Crown Castle	TX	0.036
General Dynamics	VA	0.037		1.461
Colgate-Palmolive	NY	0.055		0.599
Boston Scientific	MA	0.062
Celgene	NJ	0.138	(0.317)		0.014
Charles Schwab	CA	0.143
Intuitive Surgical	CA	0.150			0.016	-
Lowe's	NC	0.200
Stryker	MI	0.247	(0.050)
3M	MN	0.277		1.217
Cigna	CT	0.304		0.481
Illinois Tool Works	IL	0.315		0.025	0.006
Estee Lauder	NY	0.322		0.124
Monsanto	MO	0.372
United Parcel Service	GA	0.479		4.236
Raytheon	MA	0.746		2.477
Starbucks	WA	0.789
Regeneron Pharmaceuticals	NY	0.825
Marsh & McLennan	NY	0.897		0.629
Nike	OR	1.024	0.173		0.208
Gilead Sciences	CA	1.255			0.147
Northrop Grumman	VA	1.462		2.814
Abbott Labs	IL	1.670
General Electric	MA	1.833		15.193
Dow Chemical	MI	2.156		3.640
American Express	NY	2.255
Caterpillar	IL	2.446	(0.285)	3.205
Deere & Co	IL	2.798	(0.030)	2.897
DuPont	DE	2.877		4.119
Bristol-Myers Squibb	NY	2.949		0.358
Johnson & Johnson	NJ	3.238		2.958
Goldman Sachs	NY	3.680		0.757
Capital One Financial	VA	4.310
Morgan Stanley	NY	4.767
Lockheed Martin	MD	6.589		5.499
Ford Motor	MI	11.007		6.620	6.456
Bank of America	NC	19.226		2.677	3.125
American Intl Group	NY	20.712			4.917
General Motors	MI	34.588		8.421
Citigroup	NY	46.668	9.311	3.798	14.200
Total all 42		183.943	8.802	74.310	29.404	-
Total all 119 US Non-Techs With Market Caps > $40 Bil		(428.948)	(21.699)	123.626	65.946	(38.220)