Indianapolis Among Amazon 'HQ2' Finalists

[hoosierdoc]

New York is paying $45,000/job in tax incentives. Just insane

 

[Spear Dane]

New York is paying $45,000/job in tax incentives. Just insane

Better them than us. The last thing we needed was 50,000 (more) nut cases infesting the state.

 

[Libertarian01]

The problem is that local municipalities and regions are in the Prisoners Dilemma. "Give us a tax break Fort Wayne or we'll go to Toledo. Hey Toledo, give us a tax break or we'll go to Indianapolis. ...Oh yeah, and new roads, sewers and bicycle trails."

The only way around this is EITHER a state or federal law prohibiting this (which ain't gonna happen) OR regional municipalities banding together and agreeing to give NO ONE a break. So that at least when they build somewhere, which they must, they'll pay their fair share. Ain't gonna happen either, that would require brains and cooperation.

Of course, sports team owners do the same thing - build us a new stadium or we will leave.

Regards,

Doug

 

[HoughMade]

I’m in favor of everyone paying less in taxes. If it brings jobs in, all the better.

 

[Libertarian01]

I’m in favor of everyone paying less in taxes. If it brings jobs in, all the better.

I agree 100% However, we do run (at the federal level) massive budget deficits so to balance the budget one (1) of two (2) things must occur: either reduce spending to less than revenues OR increase income for the government to equal expenses.

Same thing on state and local level. Infrastructure does need to be maintained and not all of it can be done privately. .Gov does need a revenue stream to function properly.

Regards,

Doug

 

[HoughMade]

Cut spending, but don’t fall into he Dem trap that cutting taxes automatically brings bigger deficits.

 

[actaeon277]

If "EVERYONE" pays less taxes.
The problem is, when some businesses get tax breaks, and other don't.
States and Cities should be able to pick their tax rate. And business can come or go because of it.
And those same States and Cities can change their tax rate for EVERYONE in their authority.
There should be no picking individual businesses.

Like Libertarian said, that won't happen though.
Cause not enough people care.
Cause politicians aren't going to shut off the spigot.
Cause the Feds shouldn't get involved cause the Constitution doesn't authorize it, though that doesn't seem to stop them.
Cause the States also aren't going to shut off the spigot.

 

[actaeon277]

Cut spending, but don’t fall into he Dem trap that cutting taxes automatically brings bigger deficits.

When people ask why their isn't enough money to process rape kits in a timely manner, why it takes so long to wait for your day in court, etc. I always mention, gee the government doesn't have the resources to do what it's supposed to do, and you want to keep adding things for it to do and not have the money for?

 

[ljk]

I'm glad it's not Indy.

 

[Ark]

lol all that groveling and it went...to cities that are already ruinously expensive to live in, but can somehow also afford tens of thousands of dollars in tax breaks per job.

Damn glad it isn't Indy.

 

[bwframe]

lol all that groveling and it went...to cities that are already ruinously expensive to live in, but can somehow also afford tens of thousands of dollars in tax breaks per job.

Damn glad it isn't Indy.

Yep. Tony Katz has been talking about this for a while. Looks like we dodged a bullet.

 

[bwframe]

[video=youtube;F1cIZAfGwao]https://www.youtube.com/watch?v=F1cIZAfGwao[/video]

 

[actaeon277]

Well, I'm against "there ought to be a law", or expansion of federal power, but...

Solve this by, any company receiving "tax breaks" will have to pay the equivalent amount to Federal taxes.
Save $100,000 in local or state taxes, and you'll pay $100,000 to the Feds.

Of course, it'll never happen.
There'll be an outcry of "Federal expansion" or "unconstitutional" among the people that are perfectly okay with those very things.

 

[Hawkeye]

Well, I'm against "there ought to be a law", or expansion of federal power, but...

Solve this by, any company receiving "tax breaks" will have to pay the equivalent amount to Federal taxes.
Save $100,000 in local or state taxes, and you'll pay $100,000 to the Feds.

Of course, it'll never happen.
There'll be an outcry of "Federal expansion" or "unconstitutional" among the people that are perfectly okay with those very things.

Act

That idea would kind of defeat the purpose, wouldn’t it.

In effect, the company already is taxed at the Federal level on the State and Local Tax (SALT) incentives. These taxes are deductible for Federal tax purposes, so any SALT incentives a company receives - they pay Federal tax on them.

The purpose of SALT incentives is to encourage a company to invest in a particular location. The biggest, long term investment is generally employment. Good jobs. Paying above a so-called living wage. But the company also invests in buildings and manufacturing equipment.

This investment improves the local economy. The capital investment and the hiring fuels the local economy. It leads to further hiring and spending in the local economy. Economists and analysts who focus on this generally find that these SALT incentives are a good thing if properly constructed.

It’s more than a “give away” to a company.


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[rhino]

Indiana should abolish corporate income taxes.

 

[eldirector]

Well, I'm against "there ought to be a law", or expansion of federal power, but...

Solve this by, any company receiving "tax breaks" will have to pay the equivalent amount to Federal taxes.
Save $100,000 in local or state taxes, and you'll pay $100,000 to the Feds.

Of course, it'll never happen.
There'll be an outcry of "Federal expansion" or "unconstitutional" among the people that are perfectly okay with those very things.

Meh.... If we didn't want to line corporate pockets with tax money, we wouldn't keep voting for it.

We don't need as law. We need informed voters.

 

[Hawkeye]

Indiana should abolish corporate income taxes.

Low taxes would be a good incentive.


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[Libertarian01]

Indiana should abolish corporate income taxes.

Low taxes would be a good incentive.

Guys, I'm not going to argue ANY of this! Every state needs to generate some revenue to pay for infrastructure, but how we do that can be discussed.

My HUGE issue is with Big Brother picking winners and losers!

Small businesses generate the vast majority of all job creation in America!

Small businesses show greater loyalty to a city or community as the business owner was born/raised there!

Small businesses provide MASSIVE economic strength in numbers, as if one (1) or two (2) fail the other seventy (70) will easily absorb the losses and the negative community impact is minimal.

Small businesses also innovate and create greater competition in a free market economy.

Big business has NO loyalty!

Big business causes massive economic harm when it leaves or fails, as all will eventually do. (See Detroit for further details.)

Big business stifles creativity and competition by simply buying out competition and/or breaking the rules to destroy them. (See Microsoft and Tucker Automobile for further details.)

Plus, the influx of a massive project like this will cause massive disruption to the community where it lands. Woe unto the people who live and commute there! They won't recognize nor have any significant impact on their community once the body snatchers have arrived.

Keep taxes low and apply to EVERYONE equally! Then let competition and the free market determine who the winners are.

Regards,

Doug

 

[rhino]

Eliminating income taxes would even the playing field for all businesses.

Replace it (and personal income tax) with a single or set of use taxes so that taxes are based on consumption and use, rather than on earnings or savings.

 

[bwframe]

Eliminating income taxes would even the playing field for all businesses.

Replace it (and personal income tax) with a single or set of use taxes so that taxes are based on consumption and use, rather than on earnings or savings.

Listen to your crazy talk.

How dare you tax the underground economy, welfare recipients, drug dealers, hookers and illegals with a sales tax? Just like they are anyone else?