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Yes to the one poster Coumo is a leftie. As far as the new jobs program it is relegated to the university districts and as posted above they are only looking for very specific businesses. They are mostly looking to rent rooms not buildings at the new medical center - primarily research. Being it is affiliated with the University of Buffalo - it's nothing more than something Coumo can put in the new college manuals to lure students to the NY State Universities. The one here in Buffalo is located in one of the worst areas of town.
Income tax doesn't affect the final cost of the product. The fixed taxes do because those have to be paid no matter what, but income taxes can be avoided by reducing profits.
Exactly. One can argue that our corporate taxes are too high, and has too many loopholes that benefits a few choice companies. But our income and capital gains taxes are currently way too low. We're at the point of discouraging reinvestment and low income taxes does nothing to promote job creation.
Income tax doesn't affect the final cost of the product. The fixed taxes do because those have to be paid no matter what, but income taxes can be avoided by reducing profits.
All costs are in the final costs of the product......income tax is part of that.
Right, and it makes it so attractive to NY Residents, who then get to foot the tax bill for these business with increased sales taxes, school taxes, income taxes, and state/local property taxes!!! YAY!!!!!!!!
All costs are in the final costs of the product......income tax is part of that.
Not really. Income tax is paid on your net profit, but you can reduce your prices and avoid income tax altogether by having a lower profit. Fixed and usage taxes are incorporated into the product cost because they can't be avoided.
Not really. Income tax is paid on your net profit, but you can reduce your prices and avoid income tax altogether by having a lower profit. Fixed and usage taxes are incorporated into the product cost because they can't be avoided.
I know that.....
But, all of the costs are in there......when I bid a job I look at the whole picture.
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?
The commercials should proudly declare that NY will raise taxes on new businesses, making their business even more profitable. Remember they did not build that!!!
No business looks at pretax revenue as profit, it's only after the tax expense is accounted for that you start counting your money. That tax expense is no different than the light bill.
But, all of the costs are in there......when I bid a job I look at the whole picture.
Typical it works like this.
Products/services are priced according to the market. Some markets have high margins and others have low margins.
All the fixed and variable costs go into the final price. That is, all the costs are added up to reach the break even price.
Income taxes don't get factored into the cost because they don't have to be paid. Any company could easily avoid income taxes by reducing the prices or increasing the expenses and therefore lowering their profits.
No business looks at pretax revenue as profit, it's only after the tax expense is accounted for that you start counting your money. That tax expense is no different than the light bill.
The difference is the light bill has to be paid, income taxes do not.
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