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Just like it's outrageous to have state and local taxes in the US, am I right?
by colorint 9y ago
Just like it's outrageous to have state and local taxes in the US, am I right?
- dsfyu404ed 9y agoState and local taxes screw over businesses selling those goods and services. Consumers and businesses buy elsewhere.
- microcolonel 9y agoJust ask the IRS, and this is just income taxes. Businesses have a lot more mobility. Florida gains an extra $10,000 in annual gross income every 40 seconds on average from people moving from New York, New Jersey, Illinois, Pennsylvania, and Ohio. California loses (net) about $4,000 AGI every 40 seconds to Nevada, Arizona, Texas, Oregon, and Washington and others. Florida gained, through this alone, an additional ~140 Billion dollars in Annual Gross Income between 1992 and 2015 from tax migration. http://www.howmoneywalks.com/irs-tax-migration/ http://www.howmoneywalks.com/irs-tax-migration/
- kartan 9y ago> State and local taxes screw over businesses I don't agree. That taxes are used to pay for the education of their employees and the owners themselves, that taxes pay for the roads that move that goods, that taxes pay for the police force that ensures safety and for the judges that assure that contracts are fulfilled. How are going that business to work without all that? Are really taxes "screwing" business?
- DrScump 9y agoPerhaps he meant that state and local taxes can result in consumers buying from out-of-area suppliers to dodge those taxes, like many "mail-order" operations have always been... including, until a few years ago, Amazon. This may even still be the case. In CA, anyway, Amazon and the FTB made a deal a few years ago such that Amazon generally collects CA sales tax on sales to CA addresses.