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Banning tax expenditures would enable a government to lower tax rates for everyone, and that would be enticement enough.It is government picking winners and losers, which is completely antithetical to conservatism and libertarianism.Oh, I see. So just the local mom and pops have to pay the full freight.Why does every other company in the area have to pay the full property tax, and Apple doesn't?
Who says every other company is?
Cities and states offer abatements to attract businesses. They create jobs and new taxation for the city and state.
They are allowing 71% reduction meaning that they are collecting 29% of taxes they would not otherwise collect if the land were to sit there. That's 2,000 acres that they will be paying that 29% on. That's a hell of a lot of money.
That sounds fair...
Sorry, but life isn't fair and neither is taxation.
Only a pseudocon would support this kind of government interference and behavioral control in the markets.
Well I have some bad news for ya, and that is taxes are different in every state, city and town even without abatements. So if a business is concerned about taxation, they will move to a city or state that has lower taxes than the others. You're not going to have a flat state or city tax rate across the country because the federal government doesn't (and can''t) regulate local taxation. So areas lowering their tax rate to be the most business attractive is the only move they have.
It's a giant hoax.Basically, communities of people, through their representatives, are bidding to get a company to locate there. Communities are trading lower tax revenue to get some tax revenue and growth to their communities.
It's a giant hoax.Basically, communities of people, through their representatives, are bidding to get a company to locate there. Communities are trading lower tax revenue to get some tax revenue and growth to their communities.
https://itep.org/wp-content/uploads/taxincentiveeffectiveness.pdf
Banning tax expenditures would enable a government to lower tax rates for everyone, and that would be enticement enough.It is government picking winners and losers, which is completely antithetical to conservatism and libertarianism.Oh, I see. So just the local mom and pops have to pay the full freight.Who says every other company is?
Cities and states offer abatements to attract businesses. They create jobs and new taxation for the city and state.
They are allowing 71% reduction meaning that they are collecting 29% of taxes they would not otherwise collect if the land were to sit there. That's 2,000 acres that they will be paying that 29% on. That's a hell of a lot of money.
That sounds fair...
Sorry, but life isn't fair and neither is taxation.
Only a pseudocon would support this kind of government interference and behavioral control in the markets.
Well I have some bad news for ya, and that is taxes are different in every state, city and town even without abatements. So if a business is concerned about taxation, they will move to a city or state that has lower taxes than the others. You're not going to have a flat state or city tax rate across the country because the federal government doesn't (and can''t) regulate local taxation. So areas lowering their tax rate to be the most business attractive is the only move they have.
Even better, a state could enact a Fair Tax and do away with taxes on production altogether.
Nope.It's a giant hoax.Basically, communities of people, through their representatives, are bidding to get a company to locate there. Communities are trading lower tax revenue to get some tax revenue and growth to their communities.
https://itep.org/wp-content/uploads/taxincentiveeffectiveness.pdf
So the federal government should determine the sales, property and income taxes for every county in America, right?
Why?Our friend thinks it's unfair to the small guy because the big guy gets a break. I'm not sure I agree. I think an argument can be made that a company who will hire 50 people in a community might deserve to pay less in taxes than the company who employs 5.
Apple to build Iowa data center, get $207.8 million in incentives
We've got to get a handle on this shit. Whatever happened to equal protection?
This OP obviously doesn't know what a publically traded company is, and who owns it. Hint: Countless public and private employee pension plans own Apple, omg those evil Teachers unions are sucking up corporate welfare ALARM!!
The government taxing you more for not hiring the right number of workers.
How the FUCK can anyone who supports this idea call themselves a conservative or libertarian with a straight face?
And how dare they whine about the government taxing you more for not buying the right kind of insurance?
This liberal loves being self employed, let you clock punchers enjoy your corporate time..Liberals love employment but hate employers.
Basically, communities of people, through their representatives, are bidding to get a company to locate there. Communities are trading lower tax revenue to get some tax revenue and growth to their communities. Should the federal government determine sales, property and income tax rates in every county in every state of the union?
How is that?It is government picking winners and losers, which is completely antithetical to conservatism and libertarianism.Oh, I see. So just the local mom and pops have to pay the full freight.Why does every other company in the area have to pay the full property tax, and Apple doesn't?
Who says every other company is?
Cities and states offer abatements to attract businesses. They create jobs and new taxation for the city and state.
They are allowing 71% reduction meaning that they are collecting 29% of taxes they would not otherwise collect if the land were to sit there. That's 2,000 acres that they will be paying that 29% on. That's a hell of a lot of money.
That sounds fair...
Sorry, but life isn't fair and neither is taxation.
Only a pseudocon would support this kind of government interference and behavioral control in the markets.
Dont lie. Every liberal supports this as well and uses it to make sure welfare is never ever cut.
You could always just let the jobs move overseas...Apple to build Iowa data center, get $207.8 million in incentives
We've got to get a handle on this shit. Whatever happened to equal protection?
$20 million in government gifts.
For 50 jobs.
This Apple data center is a $1.4 BILLION dollar deal, the property tax break is tax revenue that does not exist and would not exist without this deal hence nobody is getting short changed. Furthermore Apple has $260 BILLION in cash sitting off-shore, deals like this to bring that cash back into the US should be applauded.
This Apple data center is a $1.4 BILLION dollar deal, the property tax break is tax revenue that does not exist and would not exist without this deal hence nobody is getting short changed. Furthermore Apple has $260 BILLION in cash sitting off-shore, deals like this to bring that cash back into the US should be applauded.
Wouldn't the money be better spent on small business that will actually return to the community in taxes, employment, and sales tax that will be kept locally?
How is this going to repatriate the $250B since Apples' money laundering is far more lucrative?
