IF this is about "Tax Breaks", Tax breaks create growth and encourage capital investment, while increasing tax revenue. There is a point on the curve (laffer curve) that relates to the most tax revenue that the government can generate and at what tax rate this happens. The concept is simple really, too little taxes and there is too little tax revenue. When taxes are too high there is too little revenue due to less spending and available dollars to tax. Finding the right tax level is necessary to a strong economy. Remember, a single dollar bill is taxed thousands of times while it is in existence. For the maximum revenue that dollar has to move. By this I do not mean "bail-outs" government funding, or expenses. This is about taxing companies and corporations at a level that not only benefits them but the people and the government. While some of you will not buy a Government Motors or a Chrysler, I will not buy either, nor will I again buy a Ford. My next truck will be a Toyota. I will not support the UAW. Between them and the government and their actions, I am done supporting anything they do.
I am not going to boycott Ford because of the UAW. Ford is one American company that has turned things around without bowing to the government and more of the money I spend is going back into America.
If there is a break in the tax one might sell more taxable product thus making up for the lost percentage of tax by increasing taxes collected through increased sales at a lower tax.
All dismissive rambling aside.....what about the taxes you forgave (property)? There is an answer to this, BTW. So.....if you're a mfr., you mfr. product....ship to CDC's and then to the retail centers. Unless the retail centers are in the town in question, how's the deal helping with the local sales tax revenues?
High tax = less spending look at what was said about a dollar bill being taxed. very low tax = less tax revenue Businesses are the biggest spenders, and if they are not spending there is less tax revenue. The natural reaction from lsome is to raise taxes to make up the difference. The other side of things is to reduce taxes to increase spending, thus increasing the number of times a dollar is spent and increasing the tax revenue. Money must be circulated to create tax revenue. Stagnate money is not taxed.
The mfr also pays local, state and federals taxes on the revenue that they earn. They employ people to work and those people then have money to spend at stores in the local area, which is turning the dollar and creating tax revenue for the local area.
Depends on where they're headquartered......as to where they pay these, though. NOW, we're getting somewhere....
Also the deal they got if they put the plant or store in. Cabelas did not pay local taxes the first 5 years they were in business in MI This is 100% correct. Mad I respect your view on UAW, but remember there are a pile of workers that have nothing to do with UAW who work or are suppliers for Ford.
Also the deal they got if they put the plant or store in. Cabelas did not pay local taxes the first 5 years they were in business in MI But, again, how much tax revenue was generated by that one Cabela's? Surely more than would have been generated without it. This is 100% correct. Mad I respect your view on UAW, but remember there are a pile of workers that have nothing to do with UAW who work or are suppliers for Ford. I am one of them, I know full well the implications of my actions. Ford could exist without the union, not the other way around.
