Iowa is proposing to end income taxes for people under 30? (link) - GoFuckYourself.com

Furious_Female · 02-21-2005, 08:56 PM

I don't know if it's just a break they are proposing or what, but it's fairly interesting...

http://money.cnn.com/2005/02/09/pf/i...tive/index.htm

NEW YORK (CNN/Money) - Iowa legislators are taking dead aim at one of the state's biggest problems: retaining young residents. A proposed tax break could put an extra $600, on average, in the pocket of every resident under 30 years old.

"We're a rapidly aging population," says Jeff Lamberti, an Iowa state senator who helped introduce the bill. "We're approaching a time when every dollar of new revenue we get will be spent on just one thing, Medicaid."

Nearly twice as many counties in the state have lost residents in the last 70 years than have gained. As in much of the Midwest, rural areas suffer most.

The story repeats itself throughout America's heartland, where stagnant or negative population growth has long been the norm.

Nearly every midwestern farm state is scrambling to respond, often by putting together packages of personal and business incentives.

North Dakota supports buffalo production and eco-tourism as ways to stimulate growth. The state facilitates loans to ranchers and its agricultural extension service offers technical assistance.

Some Kansas towns give away land. (See Free land in the heartland.)

The U.S. Congress has even entered the fray, considering a "New Homestead Act," which includes a long list of personal and business incentives designed to re-ignite growth in rural

Continued...

myjah · 02-21-2005, 08:57 PM

None of the kids want to live in the cornfields anymore, huh? Wonder why.

tony286 · 02-21-2005, 08:57 PM

a whole 600 dollars to stay in the middle of no where lol

Sly · 02-21-2005, 08:58 PM

I moved out of Iowa right after high school. Something like that is a pretty good incentive to stay. But it is true, a lot of young people don't stay. Its been a problem for years.

uno · 02-21-2005, 09:54 PM

Iowa is one of the places you try to get away from, not move to. Is ~$600 that much of an incentive for any kids to stay there? I'll never understand how anyone can live in a place like that to begin with.

Phoenix · 02-21-2005, 09:57 PM

is it really cheap to live there?

Sly · 02-21-2005, 10:02 PM

Quote:

Originally Posted by Phoenix

is it really cheap to live there?

Ridiculously.

I'm seriously thinking about buying a condo to have available for the 2-3 times a year I visit. Can probably get one for $90k easy. My dad just sold his huge, beautiful house with a plot of land and a huge work shop for $225k, and that is considered pretty expensive.

MrJackMeHoff · 02-21-2005, 10:07 PM

Alot of states dont have income tax not that big a deal really.. I doubt it would help.

Sosa · 02-21-2005, 10:33 PM

I wish we didn't have state income tax. would save me thousands every quarter I make estimated tax payments.

02-21-2005, 08:56 PM	#1
Furious_Female Confirmed User Industry Role: Join Date: Oct 2002 Location: Upstate, New York Posts: 8,187	Iowa is proposing to end income taxes for people under 30? (link) I don't know if it's just a break they are proposing or what, but it's fairly interesting... http://money.cnn.com/2005/02/09/pf/i...tive/index.htm NEW YORK (CNN/Money) - Iowa legislators are taking dead aim at one of the state's biggest problems: retaining young residents. A proposed tax break could put an extra $600, on average, in the pocket of every resident under 30 years old. "We're a rapidly aging population," says Jeff Lamberti, an Iowa state senator who helped introduce the bill. "We're approaching a time when every dollar of new revenue we get will be spent on just one thing, Medicaid." Nearly twice as many counties in the state have lost residents in the last 70 years than have gained. As in much of the Midwest, rural areas suffer most. The story repeats itself throughout America's heartland, where stagnant or negative population growth has long been the norm. Nearly every midwestern farm state is scrambling to respond, often by putting together packages of personal and business incentives. North Dakota supports buffalo production and eco-tourism as ways to stimulate growth. The state facilitates loans to ranchers and its agricultural extension service offers technical assistance. Some Kansas towns give away land. (See Free land in the heartland.) The U.S. Congress has even entered the fray, considering a "New Homestead Act," which includes a long list of personal and business incentives designed to re-ignite growth in rural Continued... __________________ Skype: j3nn.com ICQ 160370494 My current favorite high-converting sponsor: CrakRevenue

02-21-2005, 08:57 PM	#2
myjah Back in the harbor Industry Role: Join Date: Sep 2003 Posts: 11,482	None of the kids want to live in the cornfields anymore, huh? Wonder why. __________________ VP of Marketing AVN Media Network Skype: AVNJill [email protected]

02-21-2005, 08:58 PM	#4
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,329	I moved out of Iowa right after high school. Something like that is a pretty good incentive to stay. But it is true, a lot of young people don't stay. Its been a problem for years. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.

02-21-2005, 09:54 PM	#5
uno RIP Dodger. BEST.CAT.EVER Industry Role: Join Date: Dec 2002 Location: NYC Area Posts: 18,450	Iowa is one of the places you try to get away from, not move to. Is ~$600 that much of an incentive for any kids to stay there? I'll never understand how anyone can live in a place like that to begin with. __________________ -uno icq: 111-914 CrazyBabe.com - porn art MojoHost - For all your hosting needs, present and future. Tell them I sent ya!

02-21-2005, 09:57 PM	#6
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,462	is it really cheap to live there? __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

02-21-2005, 08:57 PM	#3
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	a whole 600 dollars to stay in the middle of no where lol

02-21-2005, 10:07 PM	#8
MrJackMeHoff Confirmed User Join Date: Mar 2004 Location: LOLLIPOP ISLAND =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= =-=-=-=-=-=-=-=-=-=-= Posts: 4,569	Alot of states dont have income tax not that big a deal really.. I doubt it would help. __________________

02-21-2005, 10:33 PM	#9
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	I wish we didn't have state income tax. would save me thousands every quarter I make estimated tax payments.