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Old 01-22-2016, 11:53 PM
 
8,081 posts, read 6,887,863 times
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Decline in corporate tax collections weighs on state revenue - ABC15 Arizona

Thoughts?

I'm waiting for this Texas like job growth, but I see it coming closer to Kansas.
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Old 01-23-2016, 12:37 AM
 
Location: Prescott Valley, AZ
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How much does AZ spend on its education compared to other states? Would it be worth it to temporarily cut spending on education until revenue is up?
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Old 01-23-2016, 12:39 AM
 
8,081 posts, read 6,887,863 times
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Originally Posted by Hschlick84 View Post
How much does AZ spend on its education compared to other states? Would it be worth it to temporarily cut spending on education until revenue is up?
It's a topic that gets a lot of buzz around here. But through the state it's one of if not the lowest on a per pupil basis already. We're on a level with Mississippi and Utah.

College educated citizens have enormous positive economic impacts. We just don't seem to grasp that. But this is my opinion. I'm just a guy who has watched the state do the same thing for decades. Never worked then, probably won't now.

This was Duceys platform, no corporate tax, no income tax to be phased in a rolling basis. I guarantee that number will get even bigger.
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Old 01-23-2016, 02:44 AM
 
Location: The edge of the world and all of Western civilization
984 posts, read 1,184,324 times
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Wow... I must be getting déjà vu. Oh wait... I said this in October of last year:

http://www.city-data.com/forum/phoen...015-great.html

What followed was a retort with a lot of nonsense that the sole thing businesses want and need is lower taxes, though, as I pointed out and of those I could confirm, all but one of Arizona's Fortune 500 companies are technically registered in Delaware, which allows companies to filter profits from their "home" states to that tax haven while cheating states out of billions of dollars in tax revenue as it is. Companies didn't pour in, the economy didn't explode, relatively few white collar jobs came, zero major corporate headquarters from liberal bastions relocated... but at least we have a lesson we can learn fr-... eh, forget it.

I guess now we'll just see which programs, infrastructure, people, etc. suffer first.
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Old 01-23-2016, 12:54 PM
 
8,081 posts, read 6,887,863 times
Reputation: 7977
Quote:
Originally Posted by dvxhd View Post
Wow... I must be getting déjà vu. Oh wait... I said this in October of last year:

http://www.city-data.com/forum/phoen...015-great.html

What followed was a retort with a lot of nonsense that the sole thing businesses want and need is lower taxes, though, as I pointed out and of those I could confirm, all but one of Arizona's Fortune 500 companies are technically registered in Delaware, which allows companies to filter profits from their "home" states to that tax haven while cheating states out of billions of dollars in tax revenue as it is. Companies didn't pour in, the economy didn't explode, relatively few white collar jobs came, zero major corporate headquarters from liberal bastions relocated... but at least we have a lesson we can learn fr-... eh, forget it.

I guess now we'll just see which programs, infrastructure, people, etc. suffer first.
I'm imagining either taxes not related to direct income being increased or funding cuts to education. The other big ticket is the Medicaid Expansion Brewer passed.
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Old 01-23-2016, 01:42 PM
 
Location: East Central Phoenix
8,019 posts, read 12,163,541 times
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Quote:
Originally Posted by JGMotorsport64 View Post
It's a topic that gets a lot of buzz around here. But through the state it's one of if not the lowest on a per pupil basis already. We're on a level with Mississippi and Utah.

College educated citizens have enormous positive economic impacts. We just don't seem to grasp that. But this is my opinion. I'm just a guy who has watched the state do the same thing for decades. Never worked then, probably won't now.

This was Duceys platform, no corporate tax, no income tax to be phased in a rolling basis. I guarantee that number will get even bigger.
Many college educated people are saddled with student loan debt, and are not exactly landing in the career fields which suit their majors. Most importantly, they're not always getting the higher income jobs which can make any kind of dent in their debts. While being college educated is an asset, it's still not a guarantee of having a positive economic impact. It also doesn't always help to advance one's status, and it certainly doesn't make a person smarter or more knowledgeable about life. I have a college education, but I can't exactly credit that for where I am now. Hard work, ambition, and determination are the main things which help a person advance and become wiser.

In any case, education should be privately funded. It should be run like any other business entity, and not be funded by taxpayers. Having kids shouldn't be a free ride, but many parents seem to think it is. They use the public schools more like a free babysitting service instead of taking an interest in what they're actually learning. It's like anything else: if a person can afford it on his/her own, no problem ... but if it's not affordable, then nobody should expect public to subsidize a personal choice.

For the record, I think there should be no state income tax, and no (or at least lower) corporate taxes. I'm not sure how much success Ducey will have with this, especially since he's calling for increasing education spending, but we'll see what happens.
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Old 01-23-2016, 01:51 PM
 
8,081 posts, read 6,887,863 times
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Quote:
Originally Posted by Valley Native View Post
Many college educated people are saddled with student loan debt, and are not exactly landing in the career fields which suit their majors. Most importantly, they're not always getting the higher income jobs which can make any kind of dent in their debts. While being college educated is an asset, it's still not a guarantee of having a positive economic impact. It also doesn't always help to advance one's status, and it certainly doesn't make a person smarter or more knowledgeable about life. I have a college education, but I can't exactly credit that for where I am now. Hard work, ambition, and determination are the main things which help a person advance and become wiser.

In any case, education should be privately funded. It should be run like any other business entity, and not be funded by taxpayers. Having kids shouldn't be a free ride, but many parents seem to think it is. They use the public schools more like a free babysitting service instead of taking an interest in what they're actually learning. It's like anything else: if a person can afford it on his/her own, no problem ... but if it's not affordable, then nobody should expect public to subsidize a personal choice.

For the record, I think there should be no state income tax, and no (or at least lower) corporate taxes. I'm not sure how much success Ducey will have with this, especially since he's calling for increasing education spending, but we'll see what happens.
His increases are a drop in the bucket and are being pulled from the State Land Trust which would cost infinitely more in lost interest on investments on the trust itself. Couple that with the fact that the increase is still less than what we were paying just 2 years ago. It doesn't have to do with college making people wiser, it does have to do with educated workforce. It is now cheaper to go to college in other states with better economies. What incentive possibly exists for young people to be here at this point unless they are trapped or lack ambition?

This whole thing is an effective tax burden transfer from Corporations to students and the land trust.

With peculairity to the fact that it begins rolling following Duceys current term. Any candidate running against him in 2018 will be in favor of "raising taxes" and "cutting school funding" simultaneously.
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Old 01-23-2016, 06:17 PM
 
Location: The edge of the world and all of Western civilization
984 posts, read 1,184,324 times
Reputation: 1691
Quote:
Originally Posted by JGMotorsport64 View Post
I'm imagining either taxes not related to direct income being increased or funding cuts to education. The other big ticket is the Medicaid Expansion Brewer passed.
Keeping state income taxes lower while raising them elsewhere seems to be the trend, and seems to keep people happy that "taxes are low" in Arizona. I suppose they could sneak a few in here and there, like airport taxes on all plane tickets into/out of the state, fuel taxes, vehicle registration, property, sales, etc.

Anyway, short-term, my money is on welfare, EBT, unemployment and/or food stamps being cut first, while the poor are used as a scapegoat for being lazy and nursing off the teat of the government and putting the state in this mess. If that fails, the state can blame illegal immigrants again for its woes. Anything but state politicians accepting any accountability for this whatsoever.
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Old 02-04-2016, 05:43 AM
 
1 posts, read 1,220 times
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It's a topic that gets a lot of buzz around here. But through the state it's one of if not the lowest on a per pupil basis already. We're on a level with Mississippi and Utah.

College educated citizens have enormous positive economic impacts. We just don't seem to grasp that. But this is my opinion. I'm just a guy who has watched the state do the same thing for decades. Never worked then, probably won't now.

This was Duceys platform, no corporate tax, no income tax to be phased in a rolling basis. I guarantee that number will get even bigger.
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Old 02-05-2016, 09:53 AM
 
42 posts, read 40,653 times
Reputation: 98
More funding doesn't equal better results...Some of the States with the highest spending have the worst schools and other States with low funding have excellent schools. The most important factors are cultural and money won't solve that.
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