Your Latest Tax Bill...

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Originally Posted by PimTac
New York City sure told them.

🤦â€â™‚ï¸


Yep.

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New York, Illinois, and California are all driving up their already out of control government spending. While at the same time are managing to push businesses out of their states as fast as they can. Good paying jobs are leaving those states at record rates, as the businesses who provide them pull up stakes and move elsewhere. The expenses in these states will continue to grow because of their socialist give away programs they can't afford. And their tax base will continue to shrink at the same time. They are going to collapse economically. It's only a matter of time.

They are all no different than a family that spends too much in relation to their income. Sooner or later when they can no longer borrow money they'll go bankrupt. And when that happens the Federal government can't and won't be able to bail them out. They would be stupid to even if they could. We are headed for some very rough economic times. And it's going to get a lot worse before any of it gets better. At least until people in this country start to understand that big corporations are not the boogeyman. And no government can create wealth with a printing press, and by raising taxes.

And all of this has nothing to do with politics, and everything to do with simple economics. People need to learn how to add and subtract, before they get the urge to vote.
 
Originally Posted by ZZman
They should outlaw all tax incentives given to corps.

That's exactly what is causing the mass exodus of corporations from these states in the first place. They are all leaving these overtaxed, welfare, nanny states, in favor of states like Texas and Arizona. Who are more than happy to provide them with the economic tax incentives to move there. Like it or not we are a capitalist society, country, and government. And when you try to put the economic screws to big business, you end up screwing the citizens. Not the corporations that hire them. They'll simply go elsewhere. Which is exactly what's happening.
 
Amazon not staying in NY is the best decision for the company and the friendly people in NY that wanted it "their way or the highway".

Austin, Dallas, Atlanta, Charlotte, ....etc... might have a chance at getting a Nashville style office if they play nice.
 
Originally Posted by ZZman
They should outlaw all tax incentives given to corps.


Move to NY. You'd love how they chase big greedy business away. Chase them all out and live happily ever after.
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Sounds like Corps turn the screws. Tax incentives requested/demanded. Little to Zero taxes paid.
 
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Originally Posted by Mr Nice
Amazon not staying in NY is the best decision for the company and the friendly people in NY that wanted it "their way or the highway".

Austin, Dallas, Atlanta, etc... might have a chance at getting a Nashville style office if they play nice.

Exactly. And in the meantime idiots like Cuomo and de Blasio can't understand why New York's deficits keep growing. We're right back to learning how to add and subtract.
 
Originally Posted by ZZman
Sounds like Corps turn the screws. Tax incentives requested/demanded. Little to Zero taxes paid.

Ask the people who lose their livelihoods when these companies leave, what's more important.... the place they worked paying more taxes, or providing them with a job and a paycheck so they can eat?
 
Originally Posted by billt460
Originally Posted by ZZman
Sounds like Corps turn the screws. Tax incentives requested/demanded. Little to Zero taxes paid.

Ask the people who lose their livelihoods when these companies leave, what's more important. The place they worked paying more taxes, or providing them with a job and a paycheck so they can eat?


Also consider this, New York is also missing out on all the income tax, sales tax, and other economic benefits of all the happy employees spurring economic activity around NY. Likely more total tax revenue all added up than they would have received from bilking Amazon with high taxes.

Now NY gets NOTHING
laugh.gif
What a blunder...
 
Originally Posted by Donald
The tax incentives companies are offered to locate in a certain city or county or state are crazy. Race to the bottom. The cost per job is high.


Those taxes are made up by people actually having good jobs and spending money in the local economy. Check out states that actually have surplus tax revenue with low corporate taxes, that's how it works.
 
Luckily for majority of Americans we have a great economy with tons of job opportunities.

Amazon will just expand Virginia office and very satellite offices like Nashville.

Amazon needs to be a stones throw away from Washington DC for obvious reasons.
 
Tax incentives to corporations don't always work out in the best interest of the state and resident. I think it would take a long-time and usually the business leave the state before that point. Granted it increases local jobs, tax base and spending, but there also nothing stopping out-of-state residents working those jobs. Especially if the consider NY,NJ,CT area where resident commonly work outside of the state.

At the end of the day, its all about the numbers...
 
Originally Posted by SOHCman
Also consider this, New York is also missing out on all the income tax, sales tax, and other economic benefits of all the happy employees spurring economic activity around NY. Likely more total tax revenue all added up than they would have received from bilking Amazon with high taxes.

Now NY gets NOTHING
laugh.gif
What a blunder...

Agree 100%. But these idiots don't see it that way, because they despise big business along with the wealth it creates. They only see it as "fair" when they and they alone can play Robin Hood. And proceed to rob from the haves, so they can redistribute it to the have not's on their terms. In reality all they're doing is kicking the goose laying the golden eggs, right out of the barn.
 
Originally Posted by Donald
The tax incentives companies are offered to locate in a certain city or county or state are crazy. Race to the bottom. The cost per job is high.


Yup, a Walmart near me literally relocated 1 mile to cross town lines in order to reap benefits. According to Walmart they moved because they needed to add 30,000 SqFt to the store in order to expand some of their departments. Yes, I understand 30k SqFt is a lot, but that room did exist on the land they were currently sitting on. So instead of expanding, they decided to build a brand new storefront a mile north, off of the same main road they'd been sitting on for years. Cherry on top? When the Northwest Herald called the Major of the town that Walmart was already in to ask her about the move, she took the call WHILE SHOPPING IN THE WALMART and had no idea of the announcement.

They moved about 2 years later and the building sat empty for about 4 years. Finally a U-Haul center moved in and took over the space. So the space is being used, which is great. But the 250 some workers that were working in the town are now working a mile up the road in a different town while U-Haul only needs a handful of employees to run the center.
 
Originally Posted by RamFan
Originally Posted by Donald
The tax incentives companies are offered to locate in a certain city or county or state are crazy. Race to the bottom. The cost per job is high.


Yup, a Walmart near me literally relocated 1 mile to cross town lines in order to reap benefits. According to Walmart they moved because they needed to add 30,000 SqFt to the store in order to expand some of their departments. Yes, I understand 30k SqFt is a lot, but that room did exist on the land they were currently sitting on. So instead of expanding, they decided to build a brand new storefront a mile north, off of the same main road they'd been sitting on for years. Cherry on top? When the Northwest Herald called the Major of the town that Walmart was already in to ask her about the move, she took the call WHILE SHOPPING IN THE WALMART and had no idea of the announcement.

They moved about 2 years later and the building sat empty for about 4 years. Finally a U-Haul center moved in and took over the space. So the space is being used, which is great. But the 250 some workers that were working in the town are now working a mile up the road in a different town while U-Haul only needs a handful of employees to run the center.





So what is the problem? It sounds like the expansion might have sacrificed parking lot room. A mile up the road is nothing.
 
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