U.S. Cities  

Go Back   City-Data Forum > U.S. Forums > Iowa
Register Blogs Search Today's Posts Mark Forums Read

Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads.

Get a detailed profile
Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply


 
Old 10-07-2008, 12:54 PM
Member
 
Join Date: Sep 2008
14 posts, read 14,103 times
Reputation: 10
moveagain is on a distinguished road
Default state income tax in IA

I am stunned to see how high the rate is...
Reply With Quote Quick reply to this message

 
Old 10-07-2008, 04:22 PM
Senior Member
 
Join Date: Jul 2007
Location: Marion, IA
1,317 posts, read 645,678 times
Reputation: 433
zz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nice
You aint seen nothin yet!

Our corporate tax is the HIGHEST in the nation, and therefore the highest in the world at 12%. Commercial property taxes are also unproportionately high compared to sourrounding states. The legislature every year says 'yeah we gotta do something about that' but pigs will fly before that happens. They love the revenue.

On top of that we have $1 cigarette taxes and a 6% state sales tax (7-8 in some counties).

And then they wonder why there is a brain drain. Most companies take a look at the anti-business climate and run the other way (Illinois, Nebraska, Missouri, etc).
Reply With Quote Quick reply to this message
 
Old 10-07-2008, 04:31 PM
Senior Member
 
Join Date: Dec 2007
Location: Des Moines
271 posts, read 292,360 times
Reputation: 100
DMRyan will become famous soon enoughDMRyan will become famous soon enough
Add to that the fact that Obama is almost certainly heading towards the presidency and tax rates will go up even more in the future....

Reply With Quote Quick reply to this message
 
Old 10-07-2008, 05:06 PM
Senior Member
 
Join Date: Jul 2007
Location: Marion, IA
1,317 posts, read 645,678 times
Reputation: 433
zz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nice
Yaaayyyyyy!!!

Obama - Obama - Obama -Obama - - -


Not to mention our democratic state house and governor.
Reply With Quote Quick reply to this message
 
Old 10-07-2008, 05:35 PM
Senior Member
 
Join Date: Aug 2007
267 posts, read 284,762 times
Reputation: 82
pepe1 will become famous soon enoughpepe1 will become famous soon enough
Quote:
Originally Posted by zz4guy View Post
You aint seen nothin yet!

Our corporate tax is the HIGHEST in the nation, and therefore the highest in the world at 12%. Commercial property taxes are also unproportionately high compared to sourrounding states. The legislature every year says 'yeah we gotta do something about that' but pigs will fly before that happens. They love the revenue.
Not entirely true...Iowa uses a bracketed corporate tax structure. Our highest bracket is indeed the highest in the nation and our lowest bracket would be quite average when compared to other states. It all depends where the corporation fits into the bracket structure.

Property taxes (residential and commercial property taxes) can be sky high in Iowa - it depends on the municipality.
Reply With Quote Quick reply to this message
 
Old 10-07-2008, 07:04 PM
I sport the moose logo.
 
Join Date: Jul 2008
Location: Central Iowa - Ankeny
338 posts, read 322,777 times
Reputation: 72
Northern Traveler will become famous soon enoughNorthern Traveler will become famous soon enough
I guess I never realized we were so much higher than everyone else... why?

ps - NObama.
Reply With Quote Quick reply to this message
 
Old 10-07-2008, 07:49 PM
Member
 
Join Date: Sep 2008
14 posts, read 14,103 times
Reputation: 10
moveagain is on a distinguished road
Quote:
Originally Posted by DMRyan View Post
Add to that the fact that Obama is almost certainly heading towards the presidency and tax rates will go up even more in the future....

what's the state government thinking then? there is got to be something they can do about it... what are they going to do with all that revenue if no companies want to come in and do business here (i.e. create jobs)?
Reply With Quote Quick reply to this message
 
Old 10-07-2008, 09:07 PM
Member
 
Join Date: Sep 2008
14 posts, read 14,103 times
Reputation: 10
moveagain is on a distinguished road
BTW, I am actually more concerned about its personal income tax, the highest bracket is nearly 9%, and the amount for that bracket isn't even that high (60k or something like that), that's just crazy
Reply With Quote Quick reply to this message
 
Old 10-07-2008, 11:32 PM
Senior Member
 
Join Date: Sep 2006
3,387 posts, read 2,278,501 times
Reputation: 1398
Chicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud ofChicago60614 has much to be proud of
Quote:
Originally Posted by moveagain View Post
I am stunned to see how high the rate is...
you should see how high the residents are!
Reply With Quote Quick reply to this message
 
Old 10-08-2008, 02:28 PM
Senior Member
 
Join Date: Jul 2007
Location: Marion, IA
1,317 posts, read 645,678 times
Reputation: 433
zz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nicezz4guy is just really nice
Quote:
Originally Posted by Chicago60614 View Post
you should see how high the residents are!
You mean the politicians??
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.



Reply


Quick Reply
Message:

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Similar Threads


Go Back   City-Data Forum > U.S. Forums > Iowa

All times are GMT -6. The time now is 08:58 PM.

Copyright © 2005-2009, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13 - Top