TTCA | ||||||||
US | ||||||||
Corp | Federal | |||||||
Quarter | US GAAP | US GAAP | Income | |||||
End | Net | Net | Tax | |||||
When | Income | Income | Debt | |||||
Trump | (Loss) | (Loss) | Forgiveness | |||||
Tax | From | From | Included | |||||
Cuts | Continuing | Continuing | in Dec 17 | |||||
US Corps Hqed | Act | Operations | Operations | Quarter | ||||
Within 100 Miles of New York City | State | TTCA | Dec 17 | Dec 16 | Better | Better | Net | |
Filing With the SEC | City Hqs | HQs | Signed | Quarter | Quarter | (Worse) | (Worse) | Income |
mils $ | mils $ | mils $ | % | mils $ | ||||
Verizon | New York | NY | Dec 17 | 18,783 | 4,600 | 14,183 | 16,761 | |
Comcast Corp | Philadelphia | PA | Dec 17 | 15,035 | 2,417 | 12,618 | 12,782 | |
Pfizer | New York | NY | Dec 17 | 12,289 | 763 | 11,526 | 24,400 | |
Charter Communications | Stamford | CT | Dec 17 | 9,617 | 569 | 9,048 | 9,293 | |
JPMorgan Chase | New York | NY | Dec 17 | 4,232 | 6,727 | (2,495) | 2,090 | |
Prudential Financial | Newark | NJ | Dec 17 | 3,865 | 293 | 3,572 | 3,377 | |
Allergan | Parsippany | NJ | Dec 17 | 3,509 | (40) | 3,549 | 3,600 | |
MetLife | New York | NY | Dec 17 | 2,315 | (971) | 3,286 | 1,790 | |
BlackRock | New York | NY | Dec 17 | 2,310 | 851 | 1,459 | 1,652 | |
Altice USA | Long Island City | NY | Dec 17 | 2,255 | (236) | 2,491 | 2,338 | |
Total all 10 | 74,210 | 14,973 | 59,237 | 396% | 78,083 | |||
Altaba | New York | NY | Dec 17 | > $15 Bil | 11,639 | |||
Total all 11 | 89,722 |
Thursday, April 19, 2018
The Top 10 4Q 2017 Earning Corps Located Within 100 Miles of New York City Generated Total 4Q 2017 Net Income of $74.210 Bil, Up 396% From Their 4Q 2016 Total Net Income of $14.976 Bil ...................................................................................... But the Problem Here Is That $78.083 Bil or 105% of the Total 4Q 2017 Earnings of These 10 Corps of $74.210 Bil is Courtesy of the Very Lucrative US Federal Income Tax Debt Forgiveness Feature Embedded in the Trump Tax Cuts Act ...................................................................................... Also If Altaba Inc, Which Made More Than $15 Bil in the 4Q 2017 But Didn't Report the Precise Amount of Its 4Q 2017 Earnings, Is Also Included, Then the 4Q 2017 Total US Federal Income Tax Debt Forgiveness Increases By $11.639 Bil to $89.722 Bil For These 11 Corps
From SEC filings, the chart below shows Net Income (Loss) From Continuing Operations for both the 4Q 2017 and the 4Q 2016 along with the US Federal Income Tax Debt Forgiveness awarded by the US Government upon the signing of the Trump Tax Cuts Act to the 10 Most Profitable Corps in the 4Q 2017 which are HQed within 100 miles of New York City. REITs and Partnerships are both excluded.