Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Iowa
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 10-07-2008, 11:54 AM
 
287 posts, read 306,533 times
Reputation: 157

Advertisements

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

 
Old 10-07-2008, 03:22 PM
 
Location: Marion, IA
2,793 posts, read 6,122,630 times
Reputation: 1613
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, 03:31 PM
 
Location: Des Moines
586 posts, read 2,185,103 times
Reputation: 385
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, 04:06 PM
 
Location: Marion, IA
2,793 posts, read 6,122,630 times
Reputation: 1613
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, 04:35 PM
 
459 posts, read 2,227,939 times
Reputation: 422
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, 06:04 PM
 
Location: Central Iowa - Ankeny
337 posts, read 1,528,569 times
Reputation: 134
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, 06:49 PM
 
287 posts, read 306,533 times
Reputation: 157
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, 08:07 PM
 
287 posts, read 306,533 times
Reputation: 157
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, 10:32 PM
 
11,289 posts, read 26,191,557 times
Reputation: 11355
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, 01:28 PM
 
Location: Marion, IA
2,793 posts, read 6,122,630 times
Reputation: 1613
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. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

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


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Iowa
Similar Threads
View detailed profiles of:

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top