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Posted on 11/15/18 at 9:48 am to Horsemeat
quote:
Yes they will - look at the comparison of the tax breaks in Louisiana vs the national average. Its lopsided how much LA let's the plants keep vs other states
When you've propped your economy on one industry you have to do everything you can to keep it. It's no different than your investment portfolio, the more diversified you are the less risk that one bad thing will hurt you.
Posted on 11/15/18 at 9:49 am to Horsemeat
quote:
Yes they will - look at the comparison of the tax breaks in Louisiana vs the national average. Its lopsided how much LA let's the plants keep vs other states. This is money that will go to LOCAL governments - not the state or federal.
If you take the incentive away, they will go to other states that do offer incentives.
Posted on 11/15/18 at 9:50 am to Mudminnow
quote:
Curious if they lived in those places and Louisiana and decided LA was by far the best
I'm not really a Houston or Dallas kind of guy. I don't really care much for big cities anymore. I felt differently when I was younger. My ideal place would be somewhere like Asheville.
Posted on 11/15/18 at 9:52 am to Mingo Was His NameO
The petrochemical industry is hardly one industry. It's all big industry but the products are very diverse.
Posted on 11/15/18 at 9:52 am to rowbear1922
No industrial plant is going to move because they're getting taxed on land they own. The income tax rate can be negotiated but they should absolutely pay taxes on the lands they own - just like the rest of property owners in this state.
Posted on 11/15/18 at 9:56 am to White Bear
quote:Herein lies the problem. Almost no incentives are given to become successful (other than working the free stuff system). Why work when you don't have to?
y don't have to expend said energy
Posted on 11/15/18 at 9:57 am to DownshiftAndFloorIt
quote:
The petrochemical industry is hardly one industry. It's all big industry but the products are very diverse.
And they're all affected when oil is $40/barrel. It's not really disputable, just look at the Louisiana economy and oil prices, they are pretty much a linear relationship.
Posted on 11/15/18 at 9:58 am to fallguy_1978
quote:
I don't really care much for big cities anymore
Same here. I was interested in my 20's but got over that really quickly.
Posted on 11/15/18 at 9:58 am to Horsemeat
quote:
No industrial plant is going to move because they're getting taxed on land they own. The income tax rate can be negotiated but they should absolutely pay taxes on the lands they own - just like the rest of property owners in this state
They DO pay taxes on the lands they own. It's just not as much as it would be if they were taxed the full allotment. These exemptions also have length limits on them, which incentives the companies to build and expand more, making for more taxes. If a company does absolutely zero expansions or additional capital investments, after 5-10 years the incentive goes away and the company will be required to pay the full amount. To keep the incentive, the company has to continue to invest in the community. Let's not also forget that many times these companies are the ones that pay for drainage and road upgrades that the community can benefit from, which is the reason for some of these exemptions.
Again, would you be willing to give Amazon $102M incentives to invest like they are in Nashville in Nola or BR?
Posted on 11/15/18 at 10:00 am to rowbear1922
When there is such a disparity in taxation, it won't make a difference if it's 99% free or 75% free, since other states require them to pay 70-80%.
We have certain commodities here, and a pretty big sized river and ports. Those are required by companies to ship domestically quickly and cheaply
We have certain commodities here, and a pretty big sized river and ports. Those are required by companies to ship domestically quickly and cheaply
Posted on 11/15/18 at 10:02 am to Macintosh
quote:
Anyone who wants to live in Louisiana is an idiot
Posted on 11/15/18 at 10:04 am to rowbear1922
quote:
making for more taxes.
Not when they're paying taxes on less than 5% of the land they own and just expand on land they already own.
Look I'm a pretty big fiscal conservative but I'm not going to say that they should get these tax breaks when the citizenry is facing tax increases. That 5% rate needs to go up because they're paying less in taxes percentage wise than what people are paying for their homes. This is LOCAL tax money that's getting exempted by the STATE which is filled with corrupt shitbags.
Posted on 11/15/18 at 10:07 am to Hammertime
quote:
When there is such a disparity in taxation, it won't make a difference if it's 99% free or 75% free, since other states require them to pay 70-80%.
We have certain commodities here, and a pretty big sized river and ports. Those are required by companies to ship domestically quickly and cheaply
Other states, like Texas, are much more attractive if everything is the same. I'll agree that the MS river is a big advantage over TX but if we did the same as TX tax and exemptions, the investments go to them at least 75% of the time.
Posted on 11/15/18 at 10:14 am to rowbear1922
quote:
Other states, like Texas, are much more attractive if everything is the same. I'll agree that the MS river is a big advantage over TX but if we did the same as TX tax and exemptions, the investments go to them at least 75% of the time.
In the video, it says that Exxon is paying their fair share of taxes in TX, but not LA.
TX isn't putting up with anyone's shite, you're paying property tax if you're in TX.
Posted on 11/15/18 at 10:14 am to rowbear1922
Okay, so companies have to pay 90% of the land value in Texas. Why couldn't we charge them at least 50%? I mean, 0.01% seems a little low IMHO
Posted on 11/15/18 at 10:16 am to RogerTheShrubber
quote:
Same here. I was interested in my 20's but got over that really quickly
Me neither that's why I live in the burbs of Houston in Cypress to be exact. I live in Bridgeland which is a master planned community with lots of green space and parks and recreation areas.
Bridgeland Wikipedia link
The Houston way is to live out in the burbs and commute 35-45 minutes to work.
This offers to live comfortably in a nice house, take advantage of amazing schools and save money.
New Bridgeland Highschool
This post was edited on 11/15/18 at 10:24 am
Posted on 11/15/18 at 10:18 am to JonTigerFan11
quote:
You mean our lawmakers are financially incompetent
I disagree. They're very competent at achieving their goals.
quote:
don't have the State's best interests in mind
This part is true.
Posted on 11/15/18 at 10:18 am to Hammertime
I would also like to take this moment to applaud TBR for putting a valid argument without being completely condescending and insulting people who might disagree or provide counterpoint.
This is a trend that I'm on board with.
This is a trend that I'm on board with.
Posted on 11/15/18 at 10:19 am to Hammertime
quote:
Okay, so companies have to pay 90% of the land value in Texas. Why couldn't we charge them at least 50%? I mean, 0.01% seems a little low IMHO
I'm not going to write a thesis, but put simply the tax structures are completely different so you aren't comparing apples to apples.
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