Pfizer 4Q 2017 Revenues Were Up 1%, Pretax Income Up 23% and Net Income Up 15 TIMES, or up By $11.5 Bil (No, That's Not a Misprint) .................................................................................... At Dec 31, 2016, Pfizer Had a Net Deferred Income Tax Liability of $30.1 Bil, With $23.1 Bil of It Being For the Tax Cost of Unremitted Foreign Earnings Repatriation: Yeah, Pfizer Had Been Extremely Conservative In Its Accounting For Its Unremitted Foreign Earnings (Apple Has a Somewhat Similar Sutuation) .................................................................................... Since With the US Trump Tax Bill, Pfizer Will Be Paying as a Tax Cost of Foreign Earnings Repatriated Only $15 Bil, It Gets a Huge 4Q 2017 Income Tax Expense Reduction Earnings Benefit of Roughly $8 Bil For That .................................................................................... And Pfizer Gets Another Large Tax Benefit in 4Q 2017 Earnings For the Other Net Deferred Income Tax Liabilities on the Books Which Must Be Written Down From 35% to 21% Due To the Trump Tax Bill .................................................................................... When You Put It Altogether, Pfizer Is Saying That It Is Getting a 4Q 2017 Total Income Tax Expense Reduction of $11.3 Bil Due To the Trump Tax Bill ...................................................................................... I View a Huge Portion of That $11.3 Bil Income Tax Expense Reduction From the Trump Tax Bill as Tax Debt Forgiveness Since the Trump Tax Bill Requires This Net Deferred Federal Income Tax Liability To Be Reduced Down To 21% And Thus This Is All Being Funded By US Taxpayers .................................................................................... What US Taxpayers Should Be Asking Themselves Is Just What Are They Getting For Funding Not Just Tax Debt Forgiveness of $11.3 Bil Granted To Pfizer But the Tax Debt Forgiveness Totalling Roughly $800 Bil Being Granted To All US Corporations Combined Including to Ones Which Are Subsidiaries of Foreign Corps: This Is the Moral Outrage of the Trump Tax Bill Stealing $800 Bil of US Taxpayer Funds and Pocketing It Into the 4Q 2017 Bottom Line Earnings of the Largest US Corps and Nearly Every Republican in the US Congress Is Proud of This Achievement