3 ms·

MS brings in far more money for the state then these tax right offs, which is why the state is so nice to its largest employers. Wa would much prefer to keep MS

MS brings in far more money for the state then these tax right offs, which is why the state is so nice to its largest employers. Wa would much prefer to keep MS headquarters here, then pocket a few hundred grand in taxes and lose MS. The state is equally kind to Boeing, who regularly makes threats to move their headquarters elsewhere, and very recently Boeing did just that. So i think in the immediate future WA will continue to bend over backwards for MS.

jbooth 16y ago
Yeah, taxes come out of worker paychecks, so it doesn't matter that the big corporate entity with billions in the bank doesn't have to pay any. We can just hit up the workers with their mortgages and families. Personally, I'd prefer a little more honest accounting, and maybe some more money going the workers' way, a little less going investors' way.
- harshpotatoes 16y ago
  At least in Washington, there is no state income tax, the only thing removed from a workers paycheck is federal tax and social security. The taxes come a bit more indirectly, in the form of spending from employees. With a 9% sales tax, and at least 50,000 employees each for Microsoft and Boeing, Washington still gets money. Additionally, both Microsoft and Boeing more directly support the state economy in other ways (many donations, and support of public works, etc etc). Obviously, these tax breaks do lose the state some money, but there are some benefits to keeping these huge employers happy.
  - jbooth 16y ago
    Thanks
  - smokinn 16y ago
    You made me hit some major cognitive dissonance here: Additionally, both Microsoft and Boeing more directly support the state economy in other ways (many donations, and support of public works, etc etc). Obviously, these tax breaks do lose the state some money Are they supporting the state economy or not? I doubt they can support the state economy by making the state lose money. (Honest question, I'm not American and don't live in the state of Washington so I have no clue)

jbooth 16y ago

Yeah, taxes come out of worker paychecks, so it doesn't matter that the big corporate entity with billions in the bank doesn't have to pay any. We can just hit up the workers with their mortgages and families. Personally, I'd prefer a little more honest accounting, and maybe some more money going the workers' way, a little less going investors' way.

harshpotatoes 16y ago
At least in Washington, there is no state income tax, the only thing removed from a workers paycheck is federal tax and social security. The taxes come a bit more indirectly, in the form of spending from employees. With a 9% sales tax, and at least 50,000 employees each for Microsoft and Boeing, Washington still gets money. Additionally, both Microsoft and Boeing more directly support the state economy in other ways (many donations, and support of public works, etc etc). Obviously, these tax breaks do lose the state some money, but there are some benefits to keeping these huge employers happy.
- jbooth 16y ago
  Thanks
- smokinn 16y ago
  You made me hit some major cognitive dissonance here: Additionally, both Microsoft and Boeing more directly support the state economy in other ways (many donations, and support of public works, etc etc). Obviously, these tax breaks do lose the state some money Are they supporting the state economy or not? I doubt they can support the state economy by making the state lose money. (Honest question, I'm not American and don't live in the state of Washington so I have no clue)