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Old 07-24-2014, 07:29 AM
 
7,846 posts, read 6,381,709 times
Reputation: 4025

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Quote:
Originally Posted by Frank DeForrest View Post
Of course the argument from your type is never lower taxes for everyone, but rather raise it the same for everyone. Do you have a clue as to what is done with all that revenue?
Irrelevant. Stop deflecting.

Quote:
Originally Posted by freemkt View Post
Because NY considers a job lured from another state just as good as a newly created job; states play this game even in a stagnant economy. No need for jobs to actually be created if a state can cajole or bribe employers into relocating facilities and jobs.
NY has experienced better job growth than most red states since the recession. NYC and Buffalo both have >4% annual growth. NYC is #2 in private sector tech job creation (behind "liberal" Sillicon Valley)
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Old 07-24-2014, 07:31 AM
 
7,846 posts, read 6,381,709 times
Reputation: 4025
Quote:
Originally Posted by MaseMan View Post
Yup, that's what most state level job creation is these days.
New York always has positive job creation. Everyone wants to work in New York City.

Quote:
Originally Posted by BoomBen View Post
Any entity that generates profit should pay tax. No breaks, no loopholes.

IF I have to pay 10% to the State of NY so should the company with profits of $10 million.
Bingo.
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Old 07-24-2014, 07:34 AM
 
11,768 posts, read 10,231,021 times
Reputation: 3444
Quote:
Originally Posted by alphamale View Post
NY is the bluest of blue states, run by a leftie governor.

Why is he promoting zero corporate tax, zero sales tax and other tax breaks stating that it will bring businesses to NY, therefore creating jobs?
It's to incentivize very specific job growth near universities.

Per START UP NY.

Many different types of businesses are eligible to apply to the program. In order to participate in START-UP NY, businesses need to support the academic mission of the college or university with which they hope to work. In New York City, Long Island and Westchester County, businesses must be start-ups or one of a number of broadly defined “high technology” businesses. Eligible businesses must also:

Per the law, there are a number of types of business that can’t receive benefits under START-UP NY. Colleges and universities will not be able to consider applications from business operations that the state ultimately defines as:
  • retail and wholesale businesses;
  • restaurants;
  • real estate brokers;
  • law firms;
  • medical or dental practices;
  • real estate management companies;
  • hospitality;
  • finance and financial services;
  • businesses providing personal services;
  • businesses providing business administrative or support services (unless the business is creating at least 100 new jobs and has received permission to participate);
  • accounting firms;
  • businesses providing utilities; or
  • energy production and distribution companies.
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Old 07-24-2014, 07:39 AM
 
13,507 posts, read 16,986,545 times
Reputation: 9688
I've seen the situation first hand..if you kiss politicians butts, know how to file the right paperwork, have the right lawyers and accountants, you can get tax breaks.

If you're a little guy who can't afford that kind of help, you have to pay more in tax to make up for what the big guys get. It's a screwed up backwards ass system. It's not "leftie" or "rightie", it's really corruption masquerading as public policy.
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Old 07-24-2014, 07:42 AM
 
24,834 posts, read 37,260,702 times
Reputation: 11538
Quote:
Originally Posted by dman72 View Post
I've seen the situation first hand..if you kiss politicians butts, know how to file the right paperwork, have the right lawyers and accountants, you can get tax breaks.

If you're a little guy who can't afford that kind of help, you have to pay more in tax to make up for what the big guys get. It's a screwed up backwards ass system. It's not "leftie" or "rightie", it's really corruption masquerading as public policy.
I disagree....

If the tax break is there anyone can use it.

You just have to learn the code.
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Old 07-24-2014, 07:42 AM
 
Location: Tyler, TX
23,630 posts, read 23,952,153 times
Reputation: 14954
Quote:
Originally Posted by Opin_Yunated View Post
Everyone wants to work in New York City.
Not everyone. Not by a long shot.

And I'm pretty sure that NYC is NOT one of the "tax free zones" that the commercials are talking about, so while you're chastising people for "deflecting," why don't you work on staying on topic yourself, k?
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Old 07-24-2014, 07:45 AM
 
20,187 posts, read 23,791,969 times
Reputation: 9283
When liberals states offer tax breaks for businesses to come into their state, its a good thing... when the GOP does it, well they are evil and the TV media eats it up and people get outraged... people who vote for democrats are idiots... seriously, how do their brain function sometimes...
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Old 07-24-2014, 07:48 AM
 
11,768 posts, read 10,231,021 times
Reputation: 3444
Quote:
Originally Posted by swagger View Post
Not everyone. Not by a long shot.

And I'm pretty sure that NYC is NOT one of the "tax free zones" that the commercials are talking about, so while you're chastising people for "deflecting," why don't you work on staying on topic yourself, k?
Yes it is. The program is set by universities, not by cities. In other words, if there is a university then you can locate there.

The guidelines are pretty narrow though.

START-UP NY | Eligible Space Guidelines
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Old 07-24-2014, 07:50 AM
 
Location: Fredericktown,Ohio
7,168 posts, read 5,352,714 times
Reputation: 2922
Quote:
Originally Posted by BoomBen View Post
Any entity that generates profit should pay tax. No breaks, no loopholes.

IF I have to pay 10% to the State of NY so should the company with profits of $10 million.
We are on different sides of the aisle but I agree 100% here. I am really for equality and leveling the playing field everybody/ corporation pays the same rate.
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Old 07-24-2014, 07:54 AM
 
26,319 posts, read 14,923,428 times
Reputation: 14495
Quote:
Originally Posted by BoomBen View Post
and GUESS WHO fills in the revenue void???
While those business use the roads, police, emergency responders we all pay for - they pay nothing in.

It is a disgusting joke on the taxpayer.
You don't think that the employees of those new jobs pay state income taxes, state sales tax, state gas tax, local property taxes, etc? So one could argue that the company helps with taxes even while NY chooses to let the company not pay taxes. The company may even higher some people that had been getting $$$ benefits from the state that no longer need them.

Is it also possible, that a state raising taxes on a company just means it will be paid for by 1) the employees with less compensation and 2) the consumers with higher product cost?

Just food for thought.


Quote:
Originally Posted by freemkt View Post
Because NY considers a job lured from another state just as good as a newly created job; states play this game even in a stagnant economy. No need for jobs to actually be created if a state can cajole or bribe employers into relocating facilities and jobs.
Couldn't you expand it out once more and argue that lower business taxes can keep jobs here - instead of Pfizer moving jobs to Ireland?
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