Did You Know...

   

Washington Post pays 2013 dividends now so investors can avoid tax increases championed by president the paper endorsed

Share
By Doug Powers  •  December 8, 2012 12:20 AM

**Written by Doug Powers

In October, the Washington Post backed President Obama for re-election, praising his proposed “balance of entitlement reform and revenue [tax] increases” that could take effect in January of 2013. Obama may well get his way and taxes could soon go up on $250k and up earners (and maybe everybody).

With that in mind, the Washington Post Company can now be added to the list of those who are paying 2013 dividends in 2012 so their investors won’t get nailed by the possible tax increases the paper endorsed as a terrific way for the government to cull additional revenue. Proof positive that no matter what happens in the negotiations, the country is definitely going off the irony cliff:

The media and education company said Friday that its dividend of $9.80 per share is payable Dec. 27 to shareholders of record as of Dec. 17. The payout is instead of regular quarterly dividends next year.

Washington Post is the latest company to move up its quarterly payout or issue a special end-of-year payment to protect investors from potentially having to pay higher taxes on dividend income starting in January.

The business arm of a publishing conglomerate contradicting and rebutting an endorsement from its media arm is not uncommon. In the universe of corporate MSM, the WaPo is serving as another nice example of self-contained point/counterpoint — cause & effect rolled up neatly in one newspaper.

Related story: In September, Costco’s founder said that Obama would be better for business than Romney. This month, Costco borrowed billions to pay out in special dividends to investors before the tax increases Obama wants will more than likely hit next month. Joe Biden recently offered personal thanks for the former.

(h/t Drudge)

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus

5th Circuit Court agrees with Obama 2008-2013™ that Obama 2014-2015™ executive amnesty is unconstitutional

May 26, 2015 09:05 PM by Doug Powers

obamaimmigration

Retroactive brilliance from constitutional scholar

Dems: Affordable Care Act not ‘affordable’ and lacking ‘care’ so give us more money to fix it

May 26, 2015 08:33 AM by Doug Powers

pelosipassit

The perpetual funding machine

DNC kicks off Memorial Day weekend the only way they know how

May 23, 2015 01:47 PM by Doug Powers

fawning

Another holiday as seen through Hope™-tinted glasses

Obama: U.S. not losing to ISIS, but definitely getting pushed around by ‘climate change’

May 21, 2015 08:21 PM by Doug Powers

obamaclosing

Kool Aid is for closers

As ISIS overruns Anbar province in Iraq, Obama stays focused on the real threat

May 20, 2015 07:55 AM by Doug Powers

obamagore

Is it hot in here or are they crazy?


Categories: Barack Obama, Iraq, Terrorist attacks

Follow me on Twitter Follow me on Facebook