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We're New York - No Taxes For 10 Years

Discussion in 'Off-Topic' started by Berzerker, Dec 24, 2013.

  1. Berzerker

    Berzerker Deity

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    State of New York's new ad campaign to attract business, no taxes for 10 years. So how would you like to own a shoe store in New York and pay taxes for 10 years to subsidize a new shoe store opening up across the street? It may be legal, but is it moral?
     
  2. bhsup

    bhsup Deity

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    You move your business to New Jersey.
     
  3. downtown

    downtown Crafternoon Delight

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    I can't think of very many cities that DON'T practice some variation of this to attract new businesses.
     
  4. Kyriakos

    Kyriakos Alien spiral maker

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    Since you mentioned shoe store, it would have been better if this was originated in Chicago.

     
  5. druidravi

    druidravi King

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    And move it back to new york after a month. You are new business now :p
     
  6. Cutlass

    Cutlass The Man Who Wasn't There.

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    Businesses get more welfare than poor people. That's the Reagan way.
     
  7. peter grimes

    peter grimes ... Retired Moderator

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  8. Rashiminos

    Rashiminos Fool Prophet

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  9. Tahuti

    Tahuti Writing Deity

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    Read my lips, no taxes!
     
  10. Archbob

    Archbob Ancient CFC Guardian

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    Depends on the average salary of said employee. If its $100,000, it may well be worth it.
     
  11. Formaldehyde

    Formaldehyde Both Fair And Balanced

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    As though Goldman Sachs, or any other major brokerage firm, would move completely out of Wall Street. :crazyeye:

    Back office jobs have been moving from Manhattan for decades, and rightly so. There is no reason why they need to be there, and it places an unfair economic burden on the employees who cannot afford it.
     
  12. Berzerker

    Berzerker Deity

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    :goodjob: Businesses shouldn't pay taxes, just individuals on their income.
     
  13. Zack

    Zack 99% hot gas

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    He's not being serious, you know, just making fun of George Bush (the older one).
     
  14. Berzerker

    Berzerker Deity

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    I know, just trying to expand the discussion :)
     
  15. Ayatollah So

    Ayatollah So the spoof'll set you free

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    Isn't this 10 year rule infinitely scammable? Just start a new firm every 10 years; buy out the old firm's location. Set up the appropriate shell companies, or trade off with a partner.
     
  16. Tahuti

    Tahuti Writing Deity

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    I somehow imagine it is a trap: 1) First lure businesses in with attractive tax codes, 2) then impose capital controls on all capital in the state and 3) cash-in!
     
  17. Takhisis

    Takhisis Jinping, wer fragt uns?

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    up yours.
    I don't think they're that treacherous. After all, politicians do represent big business and stand up for them against those grasping, overbearing poor people.
     
  18. metatron

    metatron unperson

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    That's nothing.

    At some point in the "rescue" of Opel the Federal Republic was essentially ready to spend between a quarter and half a million per job.
    And we are talking assembly line jobs here.
    German, wage-depressed assembly line jobs.
    Depends on other factors as well:

    A load of workfare Air superiority fighter that doesn't fly in the rain: 65 billion $
    Claiming over and over again that your allies were defense moochers: Priceless.
     
  19. Tahuti

    Tahuti Writing Deity

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    Not all businesses are big businesses that are exploiting workers and bending regulations.
     
  20. peter grimes

    peter grimes ... Retired Moderator

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    I can't find anything that discussed the breakdown of the types of jobs saved, but seeing as how this would have been their headquarters, I find it unreasonable to assume that most people employed in the building would be earning that much - it's not like 5 senior analysts have to share 1 assistant, right?

    Here's an interesting (though likely skewed) look:
    http://www.glassdoor.com/Salary/Goldman-Sachs-Salaries-E2800.htm
     

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