Originally Posted by
Rollo Tomasi
just an example, there are 7 states with no state income tax Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming,
i don't think many are moving to Florida
because California over regulates manufacturing they have chased and are chasing it out of the state, so they lose those taxes to other states like Utah and Texas that are doing well and the citizens of California have a heavier tax burden to make up the difference
You are an idiot. Texas has a extremely high property tax instead. There are consequences to low taxes. Other taxes pop up elsewhere, or deficits do.
Not only that Texas has a "franchise tax" on business. We pay ojn revenue, not profit. If you have a restaurant/club that makes $100k a year, but with 10 million in volume.....you get to pay an extra 100k and get zero profit.
I could go on, and attempt to explain real market forces such as the o&g business effects on this state but you are too stupid to understand them.
its even funnier you thinking companies get chased out of states by income tax. You simply don't understand the mechanisms of taxes because you will never make these types of economic decisions.
Like relocating your corporate headquarters means you don't have to still pay these taxes? No. You pay taxes INSIDE THE STATE YOU POSTED A PROFIT, REGARDLESS OF WHERE YOU ARE HEADQUARTERED. You are doing business INSIDE A STATE BECAUSE IT IS PROFITABLE. the 4-5% isn't going to change that. Leaving the state? Your profit center and business are still there for your competitors.
It can be the other way around though. Leaving a state like Texas. When my company posted a profit in Colorado, we paid Colorado state income taxes while still having to pay property tax on our equipment in Texas. Why not just move to Colorado? We just might. especially since the high personal costs of property tax effect me more than state business tax I don't pay on out of state income.
get it? probably not. But keep on posting theories you read on some right wing site. There are reasons the American people will never give full control to the tea party. They haven't thought through their complaints, let alone possible decisions that should come with the problems that they have "identified".
You are everything that is wrong with America: You whine like a girl about problems you don't understand, You are also stupid, angry, and prone to soundbite fueled, populist anti-intellectual rage, without any understanding of basic economic issues you complain about. And then you have no solution to even your imaginary problems. "HEY GUYS LET'S CUT TAXES SO LOW MAN IT WILL BE GREAT. BUSINESS WILL BOOM ALONG WITH JOBS! Fuck yeah. But wait.......there isn't a single place that has ever worked in world history? Fuck it. lets talk about it non-stop anyway". Fucking rube. STFU.