Breakdown of how U.S. companies will spend their first year tax cut benefits in 2018

This statistic provides a breakdown of how the estimated tax savings of companies in the United States from the Tax Cuts and Jobs Act will be spent by those companies in 2018. The estimated tax savings for the financial year of 2018 total at 54.5 billion U.S. dollars. It is estimated that companies will allocate around 21.1 billion of that figure to stock buybacks or increasing dividends. In contrast, it is estimated 8.1 billion will be spent on employees through means such as additional wages and bonuses.