Quote:
Originally Posted by Robbie
My point was that by offering the best tax incentive to BMW (compared to the other states trying to get them) they were able to bring them in and build a major production plant. And since I lived 20 minutes from it I can attest to the amount of folks who got very high paying jobs...and just in the nick of time because the upstate of S.C. was a big mill area for textiles. And those companies picked up and left the country leaving the area in a bad way.
Anyway, that was what I was saying. Tax incentives brought in a big company.
Not having tax incentives was one of the reasons I left S.C.
I deliberately decided to move back to a state that had no state income tax (I used to live in Florida).
So in at least those two instances...state tax was directly involved in jobs and business and revenue for the state. They gained a lot from BMW.
They lost my 20 grand, plus the full time employee I had there (I let him go when I left) making a salary and paying taxes.
I'm honestly considering my next move to be to Panama or some other country just to get away from our federal govt. and their need to tax, tax, tax and at the same time spend 800 million dollars to attack Libya.  |
Do you happen to remember roughly what year that was? I ask because normally, super major corps wont move in unless they get some super, crazy, tax cut above anything we normal business people could ever get. Such as, capital gains investment in the billions gets the cut, but not for us little folk.
I will say though, I liked living in Nevada income/business wise, over Arizona. Even though AZ doesn't kill me that bad, it still sucks writing those checks. To be fair though, 'normally' those zero tax states have something else that pays the bill, for sure with Nevada.
And if my wife would let us leave, kids and all too.... we would be gone in a second to avoid most of the tax burden. I have a Canadian business partner aswell, it's almost stupid that we haven't done it yet.