Let the tax wars begin

[The Man]

JEFFERSON CITY, Mo. — There was a lot of talk about Kansas as a Missouri Senate committee opened debate on proposals to cut the state’s income tax.

Supporters of the measures said Wednesday that Missouri must lower income taxes to compete against a Kansas income tax cut that took effect this month. They fear businesses and residents will move to Kansas if Missouri fails to cut taxes.

But skeptics noted that Kansas now is projected to have a sizable budget hole because of the tax cuts.

The Missouri Senate panel heard testimony on three proposals. One would cut taxes only for businesses. Another would cut taxes for businesses and individuals. A third plan would offset part of the income tax cuts by raising the sales tax and cigarette tax.

http://cjonline.com/news/business/2013-01-24/missouri-tax-cut-debate-focuses-kansas


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This goes to support why I am highly in favor of lowering the federal taxes a substantial amount and shifting it over to the states.

There are no plans to flock to Kansas...it is mainly aimed more at business,but it does go to show that tax alone can determine whether or not you set up shop at a given location.

 

[Stone]

I know exactly what you mean.

 

[darkcgi]

I have decided to walk over to mexico and not pay taxes get me a nice senorita (one like Salma Hayek yummy)
bringing my family with me we are going to buy an above middle class home and park all of our cars in the yard and in the street on both sides
and while half of us are sleeping the other half will be celebrating with fireworks and tequila I hope the neighbors pay their taxes so my kids can get
free medical and change the schools to spend more time learning about us and less time learning about yall. Hey who pays for those schools, glad I don't.
Now I can get a nice truck with nice rims and loud mufflers rooom rooommm . hey neighbor look at all my toys how come you drive that old plain car? Your lazy.

 

[The Man]

I have decided to walk over to mexico and not pay taxes get me a nice senorita (one like Salma Hayek yummy)
bringing my family with me we are going to buy an above middle class home and park all of our cars in the yard and in the street on both sides
and while half of us are sleeping the other half will be celebrating with fireworks and tequila I hope the neighbors pay their taxes so my kids can get
free medical and change the schools to spend more time learning about us and less time learning about yall. Hey who pays for those schools, glad I don't.
Now I can get a nice truck with nice rims and loud mufflers rooom rooommm . hey neighbor look at all my toys how come you drive that old plain car? Your lazy.

Make room for me.

 

[darkcgi]

There is always room as long as long as we keep our weapon bunker quiet its all good.

 

[Accountable]

JEFFERSON CITY, Mo. — There was a lot of talk about Kansas as a Missouri Senate committee opened debate on proposals to cut the state’s income tax.

Supporters of the measures said Wednesday that Missouri must lower income taxes to compete against a Kansas income tax cut that took effect this month. They fear businesses and residents will move to Kansas if Missouri fails to cut taxes.

But skeptics noted that Kansas now is projected to have a sizable budget hole because of the tax cuts.

The Missouri Senate panel heard testimony on three proposals. One would cut taxes only for businesses. Another would cut taxes for businesses and individuals. A third plan would offset part of the income tax cuts by raising the sales tax and cigarette tax.

http://cjonline.com/news/business/2013-01-24/missouri-tax-cut-debate-focuses-kansas


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This goes to support why I am highly in favor of lowering the federal taxes a substantial amount and shifting it over to the states.

There are no plans to flock to Kansas...it is mainly aimed more at business,but it does go to show that tax alone can determine whether or not you set up shop at a given location.

I'd love to see the vast majority of federal funds to states stop, but Washington is too [can't think of a good word] to ever release their control of state legislatures. And state politicians are too afraid of pissing off constituents.

Come to Texas. We don't have income tax, but we do have a revenue surplus.

 

[Stone]

......................
Come to Texas. We don't have income tax, but we do have a revenue surplus.

This is what you call a revenue surplus?
http://www.texaswatchdog.org/2012/0...rfunded-pension-liabilities/1346172574.column

http://www.chron.com/news/houston-t...-transparency-in-local-government-3897326.php


Interesting choice of words, Accountable.

 

[Accountable]

Way to cherrypick, shit head.

Texas Comptroller Susan Combs reported Wednesday that total tax collections for the 2012 budget year, which ended Aug. 31, were $3.7 billion higher than had been estimated in December.
That total amounts to 13 percent more than the $40.3 billion in tax revenue that Combs had projected would come in during the first half of the state's two-year budget cycle and was even higher than the estimates lawmakers used to write the 2012-13 budget in May.

Texas has a problem that many states, not to mention the federal government, would dearly kill for. It is faced with the question of an $8.8 billion surplus for the next two-year budget cycle, according to Bloomberg, and what to do with it.

The state of Texas has a budget surplus, thanks primarily to the strong economic recovery (with a huge assist from the energy sector). In addition to this "money in the bank," legislators will have more dollars to spend as they craft the 2014-15 budget based on projected revenues that will be flowing into state coffers over the next two years.

The state of Texas has a budget surplus, thanks primarily to the strong economic recovery (with a huge assist from the energy sector). In addition to this "money in the bank," legislators will have more dollars to spend as they craft the 2014-15 budget based on projected revenues that will be flowing into state coffers over the next two years.

Now how about trying to stay on topic. Any bets?

 

[Stone]

Way to cherrypick, shit head.






Now how about trying to stay on topic. Any bets?

I stand corrected........amazing turnaround.

 

[Stone]

And yet this pops up on Texas:


http://www.usdebtclock.org/state-debt-clocks/state-of-texas-debt-clock.html


Hmmmmm.....creative accounting?

 

[The Man]

I'd love to see the vast majority of federal funds to states stop, but Washington is too [can't think of a good word] to ever release their control of state legislatures. And state politicians are too afraid of pissing off constituents.

Come to Texas. We don't have income tax, but we do have a revenue surplus.

Good points....its "think our way" or do not receive govt funding this giving the federal govt the leverage they need.
Last time I was in texas it was pretty hot...will take more of an enticement to get me to go there again.

 

[Accountable]

Good points....it "think our way" or do not receive govt funding this giving the federal govt the leverage they need.
Last time I was in texas it was pretty hot...will take more of an enticement to get me to go there again.

Then better yet, get your legislators to look at our model. It would do the country good to spread good sense around.

guess I win the bet.

 

[The Man]

Then better yet, get your legislators to look at our model. It would do the country good to spread good sense around.

You guys must be doing something right...many businesses set up shop there several years ago if I am not mistaken...many moved to texas as a result.

 

[Accountable]

San Antonio has a shitload of call centers and medical centers. Odd combination but employment is slammin'!

 

[The Man]

San Antonio has a shitload of call centers and medical centers. Odd combination but employment is slammin'!

You guys rank number two in the BTI ,interesting enough Texas seems to be doing just fine as far as taking care of the infrastructure.

Rank State BTI
1 South Dakota 11.813
2 Texas 12.339
3 Nevada 12.614
4 Wyoming 17.360
5 Washington 17.890
6 Florida 23.339
7 Alaska 25.430
8 Alabama 26.009
9 Ohio 26.838
10 Colorado 27.260
11 Mississippi 31.572
12 Michigan 32.676
13 South Carolina 32.682
14 Tennessee 32.995
15 Missouri 33.452
16 Virginia 33.460
17 Arizona 33.796
18 Oklahoma 33.970
19 Utah 34.455
20 Georgia 35.258
21 North Dakota 35.426
22 Louisiana 35.535
23 Arkansas 36.156
24 New Mexico 36.779
25 New Hampshire 37.142
Rank State BTI
26 Kentucky 38.038
27 Indiana 38.212
28 Pennsylvania 38.812
29 Kansas 38.844
30 Montana 39.280
31 West Virginia 40.401
32 Maryland 41.035
33 Delaware 41.094
34 Wisconsin 41.778
35 Massachusetts 44.227
36 Idaho 44.802
37 Nebraska 45.776
38 North Carolina 46.053
39 Illinois 46.697
40 Oregon 48.524
41 Rhode Island 49.077
42 Connecticut 49.550
43 Hawaii 49.576
44 Vermont 52.047
45 California 52.219
46 Maine 52.469
47 Iowa 53.411
48 New York 54.132
49 New Jersey 54.730
50 Minnesota 55.075
51 Dist. of Columbia 63.007

 

[Stone]

Then better yet, get your legislators to look at our model. It would do the country good to spread good sense around.

guess I win the bet.

Your state benefited greatly from the oil industry which not all states enjoy.
Ohio might get some benefit from natural gas....but that appears several years off.

 

[Accountable]

What's BTI?

 

[The Man]

What's BTI?

Business tax index

 

[The Man]

Here you go acc...very informative PDF file..hopefully others will read it as well as they can understand how taxes can crush a business.


http://www.sbecouncil.org/uploads/BTI2012FINAL.pdf

 

[Accountable]

Here you go acc...very informative PDF file..hopefully others will read it as well as they can understand how taxes can crush a business.


http://www.sbecouncil.org/uploads/BTI2012FINAL.pdf

Thanks! We're just starting the second semester of school. Seniors are just finishing Government and starting Economics, or vice versa. I teach both. I can use this to tie them together, no matter which they learned first. Should make for a good discussion.