35 Burst results for "Sales Tax"
Tacoma Approves New Sales Tax for Affordable Housing
"Combos. Charlie Harder tells us how much it'll be. The city starts collecting the extra 1/10 of 1% tax on July 1st that brings the total sales tax into coma to 10.3%. Council member Chris Beall says the money will help people who are struggling to find a place to live really comfort. We're doing this. I I just think it's kind of a landmark moment here. That really can't be underscored that we have not had a sustainable source of funding like this for Housing Trust fund or economic development, Harvard or anything like that The money will be used to buy or build affordable housing, as well as getting people mental and behavioral health treatment. It's expected to bring in an extra $5 million a year in revenue. The Tacoma sales tax will be among the highest in the state. Charlie Harder Come Oni Skagit Valley Tulip Festival
New York Lawmakers Reach Agreement To Legalize Recreational Marijuana
"Lawmakers in New York of finalized an agreement to legalize recreational marijuana. The deal is set to be voted on this week after years of failed attempts. The New York bill automatically expunge is the records of people with past convictions for marijuana related offenses that are no longer criminalized. It would also direct millions of dollars in sales taxes to be reinvested in communities that were disproportionately affected by the uneven enforcement of drug laws. That's NPR's
Florida Senate Democrats Lay Plans for Higher Taxes for State Residents
"Three minutes, Lawmakers in the Florida Senate moving forward on a plan to replenish the state's drained unemployment fund by raising taxes on ordinary Floridians. The plan would shift the burden from corporations and businesses to residents who shopped online. If the bill becomes law, a sales tax would be collected from online sales. Normally, companies would pay a per employee tax to fund the unemployment system. Some Democrats are calling it another corporate bailout of Republicans say it helps prevent a big tax hike on companies caused by the huge unemployment claims during the pandemic. Chris Trunk MAN NEWS Radio.
U.S. city to become first to pay reparations to Black residents
"The green light to the initial payments of the city's first in the nation Reparations program, Alderman Robin Rue, Simmons says This is just the start. We all know that the road to repair and justice in the black community is going to be a generation of work. It's going to be many programs and initiatives and more funding. The City Council approved a plan last night to direct $400,000 from the reparations fund to a housing program that will award eligible individuals up to $25,000 eligible residents or those with ties to the city's black community. Between 1919 1969. The money can be used to help buy a home. Hey, a mortgage, A war for home improvements. The $10 Million Reparations fund is funded their marijuana sales tax revenue. Federal
Microsoft Exploring $10B Acquisition of Gamer Chat App Discord
"I sources began to report late yesterday. That discord was exploring a sale of itself seeking evaluation of ten billion dollars or so then bloomberg reported that it was microsoft was in advanced stages of negotiations to maybe by discord for about that exact ten billion dollar target range but also that discord is maybe more likely to just go public and test the waters itself quoting bloomberg. Actually you'll note there tempering. Their initial reporting here a bit quote discord has been talking to potential buyers and software. Giant microsoft is in the running but no deal is imminent said the people who asked not to be identified because the discussions are private discord is more likely to go public than sell itself. One person said representatives for microsoft and discord declined to comment venturebeat reported earlier on monday. That discord was engaged in sales tax microsoft. Which last year sought to buy social media app tiktok and held talks to acquire. Pinterest has been shopping for assets that would provide access to thriving communities of users. According to people familiar with the company's thinking microsoft's xbox business has also been expanding the suite of subscription perks. It provides as part of its game pass offering microsoft shares. Were up about one point. Two percent in the first minutes of trading tuesday quote microsoft possibly acquiring discord makes a lot of sense as it continues to reshape. Its gaming business. More towards software and services said bloomberg intelligence analyst. Matthew kanter men. There's a big opportunity to bundle discord premium nitro into the game. Pass service to drive more. Subscriptions from last reported number of eighteen million and quote after microsoft's recent seven and a half billion dollar purchase of xeni. Max media owner of the elder scrolls and doom publisher bethesda software and acquisition of discord with signal the redmond washington-based software giants willingness to keep investing in its video game unit and quote. Yeah integrating discord deeply into xbox stuff does make a ton of sense. Although i think they could make an exclusive wall off discord as something that you can only get if you do x. box but also the larger narrative here is that microsoft keeps trying to acquire social networks. Tick tock pinterest. And i keep hearing that one of the motivations for that is to get them all on a juror is that they've invested so heavily to build out this cloud infrastructure that they need big projects to justify their existence. That was always what i heard about google getting into cloud gaming but can this be true. Can someone smarter than me. Explain the economics behind that theory but also discord apparently runs on top of google cloud. So i guess there is value in kicking one leg of the stool out from under your rival right. Maybe google cloud is so far behind and week that its rivals. Maybe think they can strangle it in the crib
How the pandemic is affecting states unequally
"Of the characteristics of this virus economy as we have said on this program. I cannot tell you how many times is how uneven its effects have been on people black and brown and low income. Americans do in way worse in health and jobs and just getting by than whiter and wealthier populations are uncomfortable. As to how they're doing depends on what industry they're in and on states some of which have been really hit by this pandemic less revenue from income and sales taxes and higher virus expenses and some of which states that is doing all right so as the senate takes up. President biden's relief bill this week. And it's three hundred and fifty billion dollars in aid to state and local governments marketplace's mitchell hartman starts us off with a tale of several states. The pandemic recession has delta significant blow to tax collections. State revenues were down by nearly two percent from december. Last year overall. All but according to the urban brookings tax policy center tax revenues actually increased in twenty two states. This disparity has a lot to do with the mix of jobs in layoffs in a state. Says carl davis at the institute on taxation and economic policy so many lower income people have been laid off higher income. People have been much more likely to keep their jobs so tax. Revenues are down by double digits in states with lots of low-wage tourism jobs in hotels bars and restaurants florida and but states with more jobs that can be done from home at higher wages. Like in high tech and professional services are faring better. Washington's one example thinks in part to folks like darby megan of spokane he's a manager for tech startup. his wife's an accountant for an architecture firm. They're both working from home. We've maintained our salaries and that's been huge blessing. Haven't had to take a step back hours or anything. Like that with the stimulus checks. That was a nice little bonus. The couple owns a home. That's gone up in value. So they're paying more property tax but they've improved their overall balance sheet. We've been able to save significantly more right. We're not eating out as much and they made one really big purchase. A new van built into an rv. So we've sort of taken some of our vacation money that you budget and instead may domestic vacation mobile now not every high earner has come through the pandemic recession unscathed. Fiona greek at the g. P. morgan chase institute has been tracking household checking balances. There are some high income families that have seen cuts in their income cuts in their salaries but most of seeing their bank balances and assets grow and she says one reason is the booming stock market the broader trend. There's the growth and wealth. We see a lot of families transferring money into brokerage accounts to take advantage of those games but some states are missing out on taxing. Those income gains at the top. Says carl davis at the institute on taxation and economic policy. He points to nevada heavily dependent on tourism dollars revenue down about twelve percent where there is no broad based income tax. You're leaning a lot on sales taxes. Regressive taxes in general. Your revenues aren't going to do quite as well as progressive taxes at a time. Like this of just soaring income inequality contrast that with california that's opted for a more progressive mix leaning a bit more on the income tax most states do with higher top income tax rates on top earners. Especially that's staring a whole lot. Better with revenues up around two percent since the pandemic started. That's helped a good bit by silicon valley which attracted v and his family from texas. So i'm a software engineer. I was in iran for about four and a half years. And then during the pandemic My wife connor fulltime opportunity and bay area so we moved. He says silicon valley employers are hiring. Like there's no tomorrow. There were plenty of opportunities in the to offers in my hand. Some states are now considering hiking taxes on top earners to boost revenues and fund recovery from the pandemic including new york. Minnesota connecticut rhode island and
Lawmakers work to find compromise on another stimulus package
"Of stimulus checks are still in the mix. Congressman Henry Kwei Our thinks the next round will be $1400. Why $1400 because even the Republicans for supporting President Trump when President Trump said won't give me 2000. He also wants the package to include sending a chunk of cash to cities and states. Oh, but in the restrictions, his bone holes and budgets across the country thanks to a decline in sales tax revenues, however, that is opposed by Republicans who feel the money will be blown on pensions. Federal government is making covert 19 vaccines more readily available to the American public,
How To Use Globalization To Fight Disease
"These two trends can make the world a richer place because they make the global economy more productive more efficient but at the same time because both of these trends increase human contact they connect world historically have also made the world more vulnerable to infectious disease to a pandemic in other words or at least they did until the nineteenth century that's when better sanitation and especially advances in medicines like antibiotics and vaccines started to make globalization and urbanization safer but ironically these advances also increased the amount of globalization and urbanization in the world so that if an infectious disease ever did you know slip through the cracks. The global economy would suffer terribly just like its suffering now charles. Kenny is a senior fellow at the center for global development and we spoke to him earlier this year. Not long after the corona virus had just broken out all across the us. And we are re airing the show today because his new book about the past and future of fighting infectious diseases is about to come out. It's called the plague cycle the unending war between humanity and infectious disease and in his book. He reaches some really interesting conclusions. I think one of the things. That's probably fairly clear by now is. This isn't going to be the last time that find a new disease. So i hope there are some lessons for how to react better to the end of the covid nineteen pandemic also lessons on how to do it better next time and one of the arguments charles makes is especially provocative which is that. Even though globalization and urbanization can spread disease more quickly. They have also become powerful forces in fighting against infectious diseases and rather than trying to reverse these trends. The world says charles should actually embrace them after the break. Charles tells us why and how this message comes from. Npr sponsor avalanche providing cloud based sales tax solutions for businesses of all sizes. Evola automats integrates with more than seven hundred. Erp and e commerce systems
Congress Didn’t Include State And Local Aid In Stimulus package
"That stripped down relief. Bill we thought was going to pass left out aid for state and local. Governments states are now fighting each other over. Which should be able to collect income taxes for the hundreds of thousands of remote workers who used to commute across state lines from the workplace culture desk. Marketplace's megan mccarthy carino has that one before the pandemic dave hausky commuted everyday between his new jersey home into work at an architecture. Firm in manhattan. I ride my folding bike to the ferry. And then i take a theory across. He also has to file taxes in both places. New york is one of seven states which tax workers based on their physical office is located new jersey normally refunds the more than one billion dollars paid by residents like miron hausky who have to pay taxes to new york but this year is different than it was march fifteenth when my office close to new jersey and about a dozen states are bringing the legal question to the supreme court to try to stop states from taxing workers who never step foot in the office. This becomes a serious problem. If remote work becomes a long term phenomenon as it probably will jared wall sack with tax foundation says while states have had agreements to avoid double taxing workers. That could change if your home state decides that you truly are both living and working in their state than they might still tax you especially as state struggle to make a drop in other tax revenues due to the pandemic says lewis shiner with the brookings institution. Clearly there's some hain things like parking tolls and gas taxes and drops in tourism and sales taxes. All that's pushed state revenues down an average of five percent so every last tax dollar counts. I megan mccurdy carino for marketplace.
Data shows steep drop in SF sales tax revenue, possible decline in population
"From april to june. The city of san francisco sales tax revenues. Dropped to thirty point. eight million. That's down forty three percent from the previous year. According to the city restaurant and bar sales were down. Sixty five percent as indoor dining was prohibited while food and drug store. Sales were down eight percent. Among those indoor venues restaurants. Were easily the riskiest. Four times riskier than gyms and coffee shops according to the model by stanford and northwestern university scientists but the researchers also found that restaurant occupancy caps of twenty percent could cut infections by as much as eighty percent. The city of san francisco is once again acting quickly to reduce indoor activities as the covid nineteen case rate in san francisco. Went from three point. Seven to nine per one. Hundred thousand residents and grant colfax. The city's director of health said that separatist goes daily average of eighty. new cases. is up from thirty. Two at the end of october lead mayor london breed to announce tuesday november tenth. That san francisco restaurants will have to close their indoor dining rooms on friday november thirteenth rise in corona virus
Washington DC’s sales tax revenue now $500M less than originally forecast
"Restaurants and other hospitality businesses make up half of DC sales tax revenue. And it's adding up the damage. Hotel tax collections in August were down 90% from a year ago. Restaurant tax collections down 33%. Fiscal 2020 sales tax revenue in the district likely down by $500 million from budget. Jeff
Coronavirus: impact on the retail industry
"That the prospects of relief package are now officially zero President Trump said today on the stump that there will be one a package that is after the election. Td On that, depending on how things turn out. But with the virus set to have its way. Once again with this economy, as case numbers rise, there is real damage being done are chosen example of which today is retail more virus means less shopping and eating out. In stores and restaurants can't pay their rent, which means landlords can't pay their mortgages, which means eventually they default case in point the mall owner Pennsylvania. Investment Trust, which is disclosed. It's gotten a loan default notice from one of its lenders. The company says it is working out a deal, but it also says bankruptcy is an option marketplace's Merrill Sarah explains what happens next When it gets to the point where a mall owner can't make its loan payments or has to contemplate bankruptcy the domino's just keep falling from there. David our back is an institutional trader with World Equity Group. Everybody loses out the banks that lent it money. Also the company's investors and the other businesses and people it owes money to for a mall owner that'd be utilities water gas electricity internal employees for PENRICO maintenance guys at the various mall properties. They could all take a hit in bankruptcy filing and that's not even the only chain of dominoes that's been set off here. Malls are one. Of the biggest sources of tax revenue for a lot of towns. So in sales dry up, potentially the community is impacted because now a mall is in generating nearly as much sales tax revenue as it used to produce. That's Dan Sheridan at the Hoffman Strategy Group. When a town gets less tax revenue, it might not be able to hire as many people or clean. The streets is often Joe Minarik the Conference Board says a stimulus package could help. We expect that some form of stimulus support can keep some of these dominoes from falling. For instance, if the federal government allocates more funds for small business loans that could prop up stores and restaurants helping them pay rent until the pandemic has over a stimulus plan would also give consumers more money to spend but that might not actually help malls. A lot of people are staying home because they don't feel safe if you give them cash, that is not necessarily gonNA, send them out to the mall. Again, another reminder the virus is in control of the economy.
Houston Mayor delivers State of the City address virtually
"Our time Houston Mayor Sylvester Turner with his state of the city address yesterday, stating the obvious. Covic. He says, is what hurt our economy. The city's revenue stream has been affected with the loss in sales tax and of the revenue of over $107 million Didn't say a whole lot about the continued shutdown. Put the group Houston first, he says in charge of finding additional revenue, Sir sources. Ah huh? That's
Getting Lots Of Political Messages On Your Phone? Here's How You Stop Them.
"Mayor Jenny Durkin's budget proposal. There was a lot of talk about how much money Seattle police should get. Some activists want the budget for the police department cut in half. Some neighborhood groups say there's no backup plan today. SPD is releasing new details. They're having a news conference on their new Community Response group, which is aimed at reducing 901 call response Times and reimagining policing this as many people still are calling for deeper cuts to their budget next year. Based on all of the comments that they heard we are expecting that City Council members will be spending the next couple of weeks, drafting up new amendments and changes to the budget proposals. The next meeting on the budget is at the end of the month. That's cool, mostly stole. That's SPD news conference she mentioned has set for 3 30 this afternoon, Several cities in South King County have decided to distance themselves from King County's proposal to use a new sales tax. To build housing for the homeless. We get more on this from Como's Carleen Johnson, Britain, tequilas, Auburn and Kent are poised to adopt a local sales tax for affordable housing using authority of the state legislature granted earlier this year. It would mean those cities keep the tax money. It would not go into a Countywide sales tax proposed by executive doubt. Constantine Constantine wants to purchase motels, nursing homes and derelict facilities to be converted into permanent supportive housing and services for chronically homeless people. The more cities up out of the county tax, the less revenue there will be for his proposal. Public. Ola reports that Renton and can't have clashed with Constantine over the relocation of hundreds of formerly homeless people in the hotels in their cities during the pandemic, and other city leaders have complained about being left out of any discussion with Constantine as he crafted this proposal. Carleen Johnson coma news, Political ads and messages always seem to spike right before major elections, and this year there is a huge surge and political texts. Not everybody's happy about it either. Almost, Connie Thompson explains what you could do if it's getting to be too much. Such political campaigns are targeting smartphone screens more than ever, really started to see the upswing, actually, in August and September. Julia Porter works for Robo Killer, a tech company that helps block unwanted cell phone messages. They're analytics show. The political text messages have surpassed campaign robo calls from 350 million political text in June to more than one billion for the month of September. It's legal Rouble killer says both parties appear to be accelerating their texting strategies, thanks in part to technology known as peer to peer testing. The technology of that system will text people individually rather than from an auto dialers. Eso prior consent technically is not required. How did they get your number? Remember certain voter information becomes public record through your voter registration and or returned ballots that may contain your name and phone number, but you may have opted into correspondent by donating or signing up for campaign information. How do you stop it? Contact the campaign and asked to be removed from their list. Opt out online or go the app route where text and call blocking companies like rubble. Killer Take care of it for you. You tell rebel killer which types of categories of calls you'd like to block on Global killers. Album algorithm gets to work and as incoming unwanted calls are happening, we're blocking those for you. Or just ignore them and expect the pursuit of your screen toe likely gained Momenta between now and November. 3rd Rubble Killer suggests that you also remember that you might be giving information yourself by making it available on social media. So they suggest that you Google your own phone number because you might discover That you don't have the privacy settings that you think you do. You can find more of Connie stories on our website. Come on. News toe calm. Just checked the consumer page. Camo news time 8 41,
Boston - Tax-Free Weekend Draws Shoppers To Local Retailers
"Businesses have been hit pretty hard by the pandemic. Many are hoping that the state sales tax holiday weekend will make up for Italy some of their losses that Libby's eases and saws ville checked in with a shop in Foxboro. Yeah, we're hoping for really busy weekend. Taylor Peterson's family owns Fab Mine's in Foxboro. They sell everything from jewelry, too decorative pillows to antique dining room tables. Despite the pandemic, they've actually been doing pretty well. The past couple months. We've actually had a good summer compared to other summers in general. Actually, they're hoping the tax free weekend will keep that Momenta going. We tried really hard, Tio. You know, put it out there that it's tax free weekend. I think the weather will be on our side. You know. Retailers love a rainy day in the summer, especially and they're doubling down on the tax free weekend by offering 10% off in
Instacart is facing a lawsuit over service fees in Washington, DC
"Popular grocery delivery service is accused this morning of Turkey and customers into paying extra on a new lawsuit. INSTA CARD is being sued over what DCs attorney general says where millions of dollars in deceptive service fees. Attorney General Karl Racine says insta card trick customers into believing they were tipping delivery workers when in fact The company was pocketing the money. Instead, car charged the service fees from September 2016 through April 2018. Racine also says the company failed to pay D C sales taxes on its service and delivery fees. He's suing to force into card to pay back the service fee money to customers and to pay the sales tax, he says his ode
Test Burst 0801 260820
"WSB The Georgia Department of Public Health confirms 107 Corona virus related deaths in the last 24 hours, including a teenage girl in Haversham County with an underlying medical condition. This is Chris Camp, a Wall Street Journal editorial headline read. Georges pandemic progress, suggesting mohr than a few states would like to be in the peat states pandemic and fiscal position. The editorial sites, the state's jobless rate, rebounding sales, tax revenues and reserve fund. But a new report from the White House
Understanding How And Why Your Market Makes Decisions
"We all know that knowledge is power of course, data about Customer Habits and Consumer Habits is power as well more than ever. When we shift in business, it's key to understand how and why your market makes decisions. So Jonathan Silver he is the founder and CEO of affinity solutions. Now, affinity is the authoritative source for truth for news outlets not for profits research firms and businesses in the US and the only source for purchase insights that can be analyzed by demographic geographic lifestyle segment and political affiliation affinities mission is to. Transform data insights into experiences that improve people's lives. Jonathan I'm excited to have you here and talk to our Nice Guy. Community. Welcome to the show Ed. Great to meet you doug thanks for having me on I. AM happy that I'm happy to have you here and you know a guy that wrote a book called Nice Guys Finish First. I was completely attracted to the the data for good. So tell me a little bit about what data for good is and how that might affect those that might be listening to our show today. Sure so It's great to be on and I wanted to Start by saying a little bit more about sort of the vision of affinity solutions which for me, we've been running the business now for about Fifteen years, but we've had much more clarity of vision crystallize over the last year, which is. To. Use data to improve people's lives and You alluded to kind of what our business is about. But we have detail purchase behavior on about one hundred, million consumers ninety million in the US A- ten million in other countries. we have that data by the way because we run a kind of loyalty program, we dented that we provide to over three thousand banks the reward customers when shop at. We tell depot wallgreens. So data for good is an extension of the vision of. Using data to improve people's lives that we launched during the coronavirus. During this crisis and we we started by giving away some of our data to scientists to academics researchers. Some. Not for profits to help government agencies with policy making and it was Kinda shocking to me that government entities how much they fly blind. They don't have the information on how their towns cities. Counties are doing. Early and I was like well, their sales tax I mean why? Why wouldn't they get that quickly but apparently, even sales tax information takes a couple of months for a for them to get information. So data data for good was first about helping government policymakers by giving them the information they need to navigate their own decisions, but then it quickly expanded on to provide businesses visibility they need themselves to navigate this crisis and so. you know insights on. What customers are doing outside of businesses own four walls. That's been our mantra for for a long time that's always been important. But it's become absolutely critical during Cova. This sort of outside in view of consumer behavior has become essential especially now because you know during particularly in the march, April. But even even now, you know where there's been a hole punched in their own data that the businesses were looking at you know the purchases in their own stores. On. Their own websites because people just stop coming in coming in a lot less. So businesses have been flying completely blind kind of like A. analogy is like a fighter pilot flying between two Kanye walls that instrumentation So right now, we're delivering through partnerships with companies like Deloitte, accenture and bane and McKinsey weekly updates to businesses to help them navigate. We're also providing the press in our website affinity solutions, dot COM and weekly updates on what's happening in the economy to call it a business recovery scorecard. which looks at bellwether categories like. Grocery and and home delivery and. You know as people come out of their homes So it'll be interesting. You know that data, which is for the good of not for profit scientists. It's for the good of businesses for the good of consumers We're going to be looking very closely at how consumer behavior will change permanently. As a result of this crisis, we're seeing a lot more purchases on the web. So data for good is really about providing that level of insight to a broader community.
"sales tax" Discussed on Cheers To Business
"Why because if you only collected thirty five dollars from your customer? Where's the sales tax that you'RE GONNA? You're GONNA do the math on so if your sales taxes states four percent you do four percents times thirty dollars in pay it. You never got that from your customers because you only got thirty five dollars so lesson for today. Wise lesson is take your sales price. If you're not adding it on at the end of your invoice in your discharging flat amount but you're paying the sales tax in then take your cells that thirty five dollars in this example. Divide it by one point your sales tax for example. Here is one point one if you do that. It's going to back out the sales tax. Give you your true sales bigger to put on your sales tax sales tax lesson number three if you are selling products and you are getting a bunch of different products in combining it into one new product that you're charging sales tax on. Don't pay sales tax when you buy all those really good example is. Let's say you're making cakes when you buy your flower get you a sales tax. Every state has them. You can just see your secretary of State Department of Revenue for whatever state. You're in contact them and say I'm charging sales tax on my end product. But I'm I'm buying two four fifteen different products. Don't don't pay sales tax when you bought by those because only the end user pays the sales tax for example. Think of a pack of gum or this the grocery store Walmart wherever. So you get all the product to make the gum. Then you got the rappers. Then it goes to Wigley or whatever so the gun people but then he goes to a distributorship and then it goes somewhere else properly. Then it goes to the Walmart stores are not complicated so nobody has paid sales tax all of this big long drawn out boring process until it gets to US and when we pay sales tax in the grocery store and the Compact in the Walmart and the whatever then Dasan user pay sales tax and that's Texas based on. Only the user pays. Oh this two more things. On sales tax one Alabama is one of seven states that divides it up by locality meaning. Mississippi just has one flat seven percent sales tax Oliver Alabama. You have every city every county and then you have the state state of Alabama's four percent but it doesn't tax services so if you're providing a service for someone Dr Louis. Cpa But keeping service payroll company. Then you are not charging sales tax on your service but water warning view cross state line over to Mississippi and you're providing a service to someone. Mississippi wants their share of it. Mississippi charges sales tax on service. I think I know that Texas charges sales tax on some services. Not all so before you open up a business or reach out to other states. Make sure you are fully aware of how it works. And what charges sales tax on on what? It doesn't cheers to understanding. How sales tax affects your business. Cheers to knowledge. And if you don't understand reach out because I guarantee you the agents who work this sales tax. They'd rather answer your question to help you through. You can always call with the hypothetical question. Please be sure to subscribe to cheers to business. Podcast on itunes or anywhere else that you get your podcast visit our facebook and be sure to give us a like and if you have any questions or topics you'd like us to discuss. Shoot US an email from the website cheers to business dot com..
"sales tax" Discussed on The Indicator from Planet Money
"You're listening to n._p._r. Everybody we are back with another episode in our series the gender gap this week. We're taking another look at some of our favorite stories about women and the economy in the last three episodes. We have explored how much women earn work and invest relative to men but today we take a look at how much women pay for stuff relative demand so stacey yeah in spanish. We have this phrase. It's maybe on under is it will give you a guy mess in english is i got a bissett from and that is the one that comes every month which is really creepy wait. Is this like a visit from your aunt. Flo excepts in spanish aunt. Flo is a man yes he yeah what would you do. Would i is or why we did that. Somebody is pissed at andrea exactly exactly but anyway so <hes> flow in an fellow was looking visit for mant flow your period period there is no reason for us has to be squeamish right. I mean literally more than half the planet deals with it for like forty years of their lives and of course you know to deal with our very natural friend andreas. We need equipment right. You gotta have tampons and pads and menstrual cups or other things to get through. The day and tampons are lot. It's like ten bucks twelve bucks for a box of twenty and here's the thing these products are subject to sales tax which might not sound like a big thing. You know we pay for other things as well but many products similar to tampons or health related items have a medical tax exception things like dandruff shampoo <music> aspirin foot powder and condoms and so you know understandably a lot of people say that's not fair if you're going to give condoms and aspirin and prouder tax exemption tampon should have tax exemption to this is the indicator from planet money. I'm stacey vanek. Smith and i'm going to do today on the show ending the tampons tampons acce. How much does it cost women and what is the cost to end. This message.
"sales tax" Discussed on The Indicator from Planet Money
"So all of that compounds to really make really direct impact on their budget and women in the US have a higher poverty rate than men, but according to the census bureau and eleven percent of single mother households live in poverty as well. Zoe Saltzman says eliminating the sales tax on Tamil and other minstrel products can actually really help these women. In fact there. Economic research that the tax break on tap owns really benefits, low income people that's based on consumer data after New Jersey's tampon tax was repealed back in two thousand and five research showed that by eliminating the tax in made products cheaper and more accessible to lower income women, but some people say the tampon tax needs to stay. But in general, I think that the sales tax is really one of the best ways for a state to raise revenue this Nicole kaeding, the vice president of federal projects at the tax foundation think tank that studies tax policy. She says picking and choosing products to be taxed or not tax is problematic for a lot of reasons. First of all, it can mean less money for states. They won't have enough money to fund public policies or the programs. They want to fund, and it can also mean that states have to increase other types of taxes to get that funding back. So if the sales tax applies to fewer products, the sales tax on the products that are left goes up, Nicole things an easy way to fix this issue is by having a sales tax on everything. No exemptions. Which by the way that can lower the overall tax rate for every product including tampons. So when you start moving into these this world of exemptions you start adding complexity because you have to define what is an is not a qualified good under the exemption. You know, in my view, a state would be much better off to have a broad sales tax that applies to all final consumption you avoid these sorts of, you know, picking between different product classes, it would make for a much more efficient sales tax back into sixteen California governor Jerry Brown beat ODA Bill that plan to eliminate the state's tampon tax. He argued that by not taxing Michelle products, California could lose up to twenty million dollars in annual taxes. And the governor has a point here in New York where we eliminated attacks tax on minstrel products. We're losing about fourteen million dollars a year in Las tax revenue. Of course, this isn't. Just an economic issue. It's a political issue too. And it is one that seems to be getting a lot of traction last year, for example, Nevada voted to make minstrel products tax exempt, Nicole also expects more states to push for legislation impasse bills. That would repeal the tampons access here. Like, Michigan, Georgia and Ohio. And of course, California is looking at the issue yet again Andres is coming to town. You better watch for today's. He is the worst. It'll get there will be blood. And if you wanna look at what states do tax tampons or not you can go to our website at NPR that org slash money or Instagram at plenty money. And of course, our Twitter at the indicator. Today's episode of the indicator was produced by you Constanza guy. Ardo our editor is fatty hers. Our internet fact checker is will Rueben and the indicator is a production of NPR. This season on invisible. You should we empathize with our enemies from Oregon in guy is it, okay? To have machines control, our emotions, I should become creeped out. But at the same time lake will thank God. I live in this day and age, no, easy answers. Just the right questions invisible. You back on March eighth?
"sales tax" Discussed on WBZ NewsRadio 1030
"I responsible puffing sales tax interest suffice jersey sales tax in jersey for that sale the point the plate the governor's making abraham is that his state doesn't have a sales tax massachusetts something new hampshire i don't have to to them if i felt something i have several how how onerous is that on you when when you sell okay well governor sununu is interested in protecting his constituents the issue still is abraham give give the governor i jumped in here give the government chance to very simple first off abraham you got to move your business to new hampshire for that that's step one step two is i'm not going to be part of the insane system that you know forty five or so other states are part of your system if your problem this is the new hampshire advantage the transaction does take place in hampshire because this is where the financial transaction takes place and this is where the project originates out of when it is shipped so the financial the the actual purchase sale is happening within the state and to say that other states and jurisdictions can reach over here completely change our system and force us to be your tax collectors heck no and you know and if i can be an example for the rest of the the other fifty states out there and frankly the other millions of businesses across this country like yours that are frankly getting abused by other states by having to collect their sales tax i'm happy to do it we're gonna put up every barrier possible the supreme court got it wrong and we're not gonna what is not going to sit we're not gonna sit down line on it abraham after we do it different abraham what what type of business and i'd love to if you'd like we'll give you a business a plug what type okay no problem just trying to help you want to tell me what type of business you're involved in without mentioning the business telecom telekom okay okay telecom we got we got the fastest growing economy in new economy in the northeast we're better to put your business right now in tax free new hampshire monopolize the liquor stores that helps a lot control the liquor stores get some help with that.
"sales tax" Discussed on News Radio 920 AM
"With barry armstrong and shut zodda from who he has a new story today on the supreme court ruling the means you'll have to pay state sales tax if you have a state sales tax on everything you buy online ben thanks for joining us thanks for having me so obviously amazon already collects sales tax in every state that has one what do you think is the practical impact of this in terms of how many more online purchases people will find they get dinged for seven percent six percent five percent whatever two percent for sales tax i would expect a wide so even though amazon collect sales tax for a direct mail it has been entire marketplace business that accounts for about fifty percent of it and all of those bales will now be impacted by the supreme court decision though if you're buying from random mom and pop in montana were minnesota they're probably going to have to start collecting sales tax and can't just simply charge you what what the cost of the item right and just as kennedy who wrote the majority opinion estimates something like five hundred billion dollars worth of across the entire country online sales so you know pick a number five percent of and that's twenty five billion of new money for states all across the country yeah it actually depends which voyeurs on white side you talk to about that i talked to a lawyer yesterday that argued that this is not attack on the particular retailers that the tax on the consumer and consumers are actually supposed to be paying sales taxes so let's say the god forbid i ever actually did something like this right but let's say i purchase something from an amazon marketplace dollar for fifty dollars i'm ben supposed to hey new jersey where i live the sales tax on it if i did not directly to the retailer so what exactly that ended up eating for the retailers that could actually cause them to after figure out the entire process of all different sales tax requirement for all sorts of different types of items that they sell as well well i mean i was gonna say yeah forty five states collect statewide sales taxes here none of them to my knowledge are exactly the same in terms of what they're applied to and what the rates are sure an amazon can figure this out i mean how difficult is it for your mom and pop online retailer to determine the forty five different rates have sales tax and send those payments to the state it may be exceptionally difficult and try to figure out that collection will be very hard there there aren't really tools available quite yet but you can expect the tools would be available they might have to bring on accountant that they didn't meet the half before they might not need to break on a lawyer but they didn't have before what you have to figure out what the different sales tax rates dr but you would have to figure out whether your particular item whether it's clothing or andy or god knows what would actually require a failed pack so even though there was there was no argument from either side in this court decision whether he's sales taxes were justified in being collected the actual channel for which it's happening through this court decision could create a lot of problems for smaller businesses right well let's let's say i'm a small mom and pop shop and i'm just selling my stuff on oetzi who's going to handle this who's going to handle the sales tax collection in that case is handling it or am i responsible for it since i'm the seller this position was don't do that it's really hard to answer that question impossible that at the might eventually step in and say hey we're going to help our smaller stellar handle this type of situation in the meantime smaller spellers might have to fend for the the figure it out it good news for smaller sellers dow is that there is a significant lash bowl there is a significant amount of commerce that needs to be done with any particular eight four threshold to be with south dakota which was the baltimat supreme court decision south dakota set a limit where you had to do one hundred thousand dollars to the state or two hundred separate transaction now this quite did not set a hard and fast rule specifically in the case but they do need some sort of.
"sales tax" Discussed on The Personal Computer Radio Show
"Way joe what say you about this hack the other day where you asked me what i thought of the recent supreme court decision on now ordering internet sales sales taxes i gave you on instance asam right my rac shen was complete i was against it i thought it was full ish i saw it was impossible thought it was on fair sales taxes from an internet sale what benefit does the internet company get for hits pang this sales tax not none doesn't have to worry about police coverage of fire coverage of garbage collection the locality doesn't offer the internet company any benefit to have a right to collect sales taxes and then i read the decision then i did some background research and then i changed my mind can you believe at high i changed my mind based on the interpretation of law by the supreme court based upon everything i read before i had gotten the information i had made an opinion my miodrag that opinion was room i can't believe it i was wrong me i'm never wrong you know that i've told you that a hundred times let's look at it why why should i'm john or wayfair or quill company the decision was originally based on why should they pay a sales tax if they don't have a significant nexus in the calorie what what would it mean by nexus a brick and mortar building is definitely an access but is it at nexus if you're simply ship shipping enter an area until alot cow well the state's vocabularies got around that problem by son it's not just a sandwich tax if the company is not and there were germs to say a sales tax will the customers in that region and the customer is required to pay a use tax which coincidentally is exactly the same amount as a sales tax well that that triplicated matters a little bit have to also look at the fact that today is a lot different than when we come irs clause was written into the constitution we don't need a brick and mortar location and all of its buyers my idea of great joe of shopping on amazon is mentally i also pay for it emerge of saddles taxes because amazon says that any of their products fathers they have in their warehouse that they sell they collect cells trance on and they remit the sales tax to the locality that deserves it well this is all more complicated than we can think so amazon submits a sales tax i'm asanga good sized companies a matter of fact it's the largest retailer in the united states perhaps in the world yes it i know if that did it has a walmart sometime ago the the thing is that it's not that simple it's not just a question of clicking eight point two five percents on every sale and seventy eight to all it's a different amount for every county every locale every stage now walmart didn't do that walmart.
"sales tax" Discussed on WCBM 680 AM
"This week we're going to start with a little item well it's actually a battle that has been raging for say the last twenty five years to tax or not to tax online that is the question well supreme court actually ruled in nineteen sixty seven and then again in one thousand nine hundred to their companies without a physical presence in a state did not have to collect sales taxes now this mostly applied to say mail order catalogs and in nineteen ninetytwo jeff bezos came up with this great idea that he started selling books out of his garage but also in one thousand nine hundred ninety two the state of north dakota tried to force a delaware software company to pay sales taxes to a customer in north dakota it was a case called quilt corporation versus north dakota and the supreme court actually ruled since quilt has no physical presence in north dakota the state could not collect sales tax now this past week there was a new case brought this time by south dakota overstock dot com wayfair new wag south dakota argued that online retailers are bleeding dry small mom and pop retailers on the main streets of south dakota actually all across america because mom and pops must collect sales tax while over shock and the others the court agreed saying a physical presence is not necessary in order to for the state to collect sales taxes so now after twenty six long years smalltown america is finally getting on a bit of an equal footing with these big tech retailers so what does this mean to you most of amazon's competitors like wayfair overstock are in a difficult position because they haven't been as rigorous or i guess you'd say complete about collecting sales tax in states where they don't have a physical presence now they're going to have to start charging sales tax throughout must most of the us beating amazon on price is going to become even harder and as bloomberg reports this past week this broader taxation will let state and local governments collect get this amount eight billion to twenty three billion dollars a year that's a lot of money
"sales tax" Discussed on WSJ Opinion: Potomac Watch
"And we don't know where it's going but we wanna put a marker down here on cell phones but there's no standard in here tan it's basically just cell phones are intrusive so we're going to say more than six days good luck interpreting that i think it's going to be all over the map and you're gonna see analysts litigation now in comparable cases involving other data and other cellphone information yeah and justice gorsuch and is very lengthy dissent says as much i mean his dissent goes into an examination of the fourth amendment in at great length showing all of the contradictions and side of it and how murky hit has become and he is right that this is not the end of it there will be more or litigation around the idea fourth amendment you know unlawful searches and seizures protections against technology like cell phone data now on the other hand i think instinctively among most members of the public this sounds like a good decision they're concerned about their privacy everyone knows that concerns about privacy and cellphones at and t inva reisen say they get upwards of one hundred thousand requests a year from law enforcement agencies for this kind of information but probably i think most people would be taken aback by that that's a lot of requests but in this in this case the the as the dissents make clear the this wasn't something that the government could willy nilly just snatch cell site records it had to go to a federal magistrate under the stored communications act it had to make the case that there was a reasonable expectation that the person they were seeking information on his where the person was calling from was somebody who was connected to a crime carpenter was twice convicted of armed robbery and they were trying to find out whether he was close to other incidents of armed robbery and reason to believe that he was and that so but you have to go through a magistrate under a process that congress set up i think the danger here with this new supreme court standard is that this is going to make it tougher for legislative bodies to come up with a standard that the balances the interests between personal privacy on the one hand and then of course the knees of law enforcement to be able to track down cases and solve cases using data about where somebody who's a suspect in a crime happens to be happens to be located well you know at one big profit just may say in all of these areas we talked about the internet tax this case and then there's the question of copyright digital copyright in every instance the default is congress should be able to address this but you know what congress doesn't address it they keep kicking the can down the road and you end up with these issues in the courts which probably are not the right place to be adjudicated some of these i i would agree with that except for i think in the stored communications act they did they did that out it says like you guys would basically or the the majority has served congress in basically drawn arbitrary line here all right fake you let sufficient today with the talking about the legacy of charles krauthammer charles died at sixty eight of cancer for two young in my view.
"sales tax" Discussed on WSJ Opinion: Potomac Watch
"Yes kennedy's majority opinion did correct from previous bad rulings so he did fix the mistake and interpretation of the commerce clause authority between state and the federal government on in quill and the other case but he said look that's fifty years it's been in place for fifty years this is something people have relied on and why should we just for the sake of cleaning up our own mass here now not let congress actually do the job for us they have the capacity to do that under the commerce clause they could have been debating it we didn't have to get in here and throw this all into a throw of fifty years of standards up into the air and say figure it out guys that's pretty messy as we see a small businesses are going to have to if they get slapped with audits or taxes state businesses or out of state or other states they're only relief is to petition the local courts and what's going to happen you local courts are probably me more sympathetic to their state laws one other quick point dam on this case donald trump wait in i suppose inevitably in a tweet saying praising the ruling and saying great finally fairness i don't think he has any clue what is in this ruling or why i you know what i think he just think this hurts amazon jeff bays of course it doesn't but he thinks it does but i don't think donald trump is a member of amazon prime or anything else if it keep buys retail well don't brand but listen i got a tweet from i got an email from the trump people yesterday saying flash sale twenty five percent off on all trump products for the summer good get get a trump stake to all right we're talking about the supreme court term and you're listening to tomac watch from the wall street journal got something to say than email your question or comment to podcasts at dow jones dot com please include your first name and hometown and we may read your email in a future episode again that's podcasts at dow jones dot com.
"sales tax" Discussed on WSJ Opinion: Potomac Watch
"New businesses hundreds thousands of online businesses have relied on this to foreign develop their operations logistics and allston they're gonna have to reorient themselves will and the so what this means is that south dakota can now tax anything that is collect sales tax from companies that sell inside south dakota now most big companies are redone that walmart had already done that amazon had already done that for states but some other retailers had not in the big burden here potentially could be on small sellers the ebay ebay you know the yeah that's exactly right nineteen of the twenty top online retailers are already collects sales tax in every single state and that's partly because you know targets walmarts they hip is go presences in all almost all states will but even and even before they did that's exactly what's already starting to do that and so yeah that's right it's going to really hit the small small businesses are now going to have to be going to be subject to audits and different regulatory requirements taxes tax requirements and some ten thousand jurisdiction rolex appoint is not just fifty states more than ten thousand jurisdictions and presumably according to the commentary most of these small companies are going to have to install some sort of software to handle that extraordinary complexity software isn't going to sell for twenty five dollars a pop it's going to be expensive stuff and someone's going to have to manage it i mean it really is one of these cases that sort of gets another one of the paradoxes of the internet age role clock back thirty years and nobody was selling stuff other than you know drek sales but now everyone selling on the internet and as anthony kennedy put it in favor of taxing them he said that the old rule limited states ability to seek longterm prosperity which means tax revenue the states of course you know at their end they do have extrordinary revenue needs states like california and connecticut are starved for revenue and they're likely to see this ruling as an opportunity to start squeezing out of state sellers but all of also out of state consumers dan i would quibble a little bit when i when you say starved for revenue they're rolling and revenue it's just relative to all of the spending that they do that or a novel enough but they plenty plenty plenty of revenue the top tax rate in california's thirteen point three percent on income but i think your point is that the the states are not likely to show much restraint here and the question is whether or not the small businesses around the country that do sell online can find a way to be able to maneuver through here without it becoming too big a burden these multiple tax jurisdictions on them i think that you know find collecting the tax filing in all these sticks and so there will be software and they'll have to buy that and that may help there also may be alicia some help from states that form a compact that allow other states to collect the revenue for them and then return it in some form that's right states had been working on for me compact i think the one problem is that they may now be less inclined to do so now that this print court has tossed the fiscal next standard which gives them more power to grasp bore revenues wherever the other option i think we're likely to see is that they will turn to the googles and the ends on stake on this job of collecting sales tax amazon marketplace where small business can already sell and pay amazon commission so you're likely to see you know big businesses get bigger and you know small ones get consumed or crushed and actually that was a concern among some liberal justices during the oral arguments it's interesting that the there was injustice the ideological breakdown here in this case was not along normal left right lines chief justice roberts wrote the dissent and he basically made the case that.
"sales tax" Discussed on WSJ Opinion: Potomac Watch
"Paul zhigo here with my colleagues from the wall street journal opinion pages alicia finley hello elisha and dan henninger they're paul so let's start alicia with the supreme court to couple of important cases coming down not all of them yet have come out next week as why they thought to be the last week and we'll get an opinion on the travel ban for example we'll get an opinion on the janice case regarding compel compulsory it union fees but this week we got very significant case on state sales taxes called wayfair the company that sells furniture online had sued south dakota which wanted the tax anything that cells in south dakota from anywhere i guess on earth but anywhere in the united states and the supreme court took the case and basically overturned two precedents its own precedents to allow states now to tax remote retailers that's right so it overturned it's nineteen sixty seven and nineteen ninetytwo big one quill ruling that's that this physical fix physical nexus standard which meant that states couldn't force out of state real retailers to remit sales tax basically to collect it from instate customers this was.
"sales tax" Discussed on WTMA
"New internet sales tax that actually i believe one day they they probably will entertain the idea but good luck with that because you're saying we're going to tax the consumer you have to you have to have that discussion of creating an all new tax which is essentially would be a net anational but you know you'd think about it because it would be that would be adding you're you're not talking about an income tax anymore which stadium is okay we gave you an income tax cut but now we're going to have a federal sales tax on a significant amount of things that you buy no way or the republicans know probably the democrats wouldn't go to adding new internet sales tax because the you know the the the right now the sales tax is only collected by states that have a sales tax well if you're gonna talk if you're talking about you know we're not talking about brick and mortar just in an mom and pop in just in certain states right we're talking about all states so that would have to be a federal tax that would be the taxing entity a national sales tax good luck with that and i don't know where the president goes next there are two options drop it or be drop it let it go because if you don't you're going to have to follow through and that is well and then out there and campaign and we're an intern and that's the interesting thing the tweet happened but then members of its administration were out talking about it and you know what what he meant by it which is like whoa yeah is he actually thinking of this is something that i'd like to put in the in the the the the the spending bill and we have to redo it right come september again let's have an internet sales tax to have a level playing field yeah let's vote on that republicans going into twenty eighteen approved that one 'cause i here's what i can hear are already in my head a dime per transaction and what will do were going to use that to fund a new bureaucracy for small business and we will have grants bigger grants which will be funded by this tax.
"sales tax" Discussed on WTMA
"Sales tax on online sales on the national level not to collect not the main purpose is not to collect revenue to the for the government to pay for needed services but the president believes it is the federal government's and his jobs job to level the playing field of brick and mortar businesses and big business in this country who agrees with the president and things a new tax to make a level playing field is warranted or wanted and we had one caller say well trump talked about this this was part of his campaign no it was not now this was never part of his campaign adver now handled against visas in the washington post and you know you said some things about amazon but this was not part of the campaign that wasn't something where he was not active in promoting and again going back to the deputy press secretary shaw saying well it's still even though they're paying the local sales tax to the states it's still not a level playing field because there is no internet sales tax oh there's no brick and mortar sales tax right are both paying the taxing entities if that's the case then you're what you're saying is we want to again treat one differently than the other here's my question how was that a level playing field well because the big business has natural advantages of being able to get by have more so they should pay they should pay more.
"sales tax" Discussed on The Tim McKernan Show
"You will be serves the same way as as any other resident and those are difficult conversations but they're ones that you know we're having a lot in our community and i i feel grateful to represent an area like that there is some legislation i would imagine nominee of our listeners of may have seen some of the commercials regarding uh p which certainly is getting plenty of attention you who've been discussing it give our audience an idea of what that vote is in where you come down on it sure so proposition p is a half percent sales tax increase that has been proposed on the november seven ballots of next or this coming tuesday and the bulk of it will go to find uh raises for police in the city and i'm opposed to it and i'm i'm opposed to it for a couple of reasons basically i think it's the the wrong funding mechanism at the wrong time and looks at public safety in the wrong way so you know we just to raise our sales taxes in the city back in april and so this would be the second sales tax increase in and in six months and we know that sales taxes disproportionately hurt people who are poor and right now people who are under the poverty level are already spending five percent of their income and sales taxes in the city if this passes will be three percent higher in our sales tax and st louis county on areas where we have special taxing districts like saids in td dis we'll get pushed over eleven percent which is you know.
"sales tax" Discussed on KKOB 770 AM
"Sales tax were discussing the substance of what the republicans are promoting and whether it will actually work or not 81 if you have spent any time listening to this show you know the we're against obamacare we have been from the very beginning it was sold on a lie and were absolutely against the individual mandate our point was that they both trump and crews yesterday said ed talked about getting rid of the individual mandate and said that somehow now that getting rid of the individual mandate would free up money and what we stated is no already the republicans because they now on the healthcare system in obamacare are going to be subsidising the insurance companies in order to keep obamacare alive because they will get the blame for it removing the individual mandate means more cash has to be spent more taxpayer dollar has to be spent four to support obama care and therefore that's going to blow them over the one point five trillion dollars over ten years there's of an additional debt that they can't go over in order to get it to reconciliate you you're making this more complicated than you need to know one another oregon known now we're not andrew were absolutely not it's not in fact it's not that complicated at all you just have to pay attention right you gonna pay attention to what we say not what you think or want us to say so you can have an so you can have a makebelieve argument with us we're not going to argue woods something on it because we're not years you're you're saying were for the individual mandate we've never been so right there clearly shows you don't listen to the show and if you just wished to call the show to be argumented if you're gone we were talking about the finances of it and what they were stating yesterday was basically if you get rid of the individual mandate it's going to free up more money to give more tax cuts and we said that no it's not a you it can't work that way we weren't talking about the morality we weren't talk in about abortion we were talking specifically the finances of this tax plan but you the numbers.
"sales tax" Discussed on WDRC
"Sales tax to areas that are currently exempt from the sales tax and woodside onto the concessions deal reached between union leadership in the governor but the governor said there parts of that democrat plan which still hasn't been really release they've sent up some triable owes but he couldn't agree with the democrats budget plan at least with what the democrats are talking above in the area of sales tax and remember one thing the governor wants to shift his plan one third of the cause of the teachers' pension fund onto the municipalities the democrats are opposed to that the republicans are opposed to that so you tell me if you think they're going to come up with a budget agreement between now and friday because the deadline is is saturday july 1st you you tell me if you think they're going to come up with a new i don't think so i don't believe it i'll have to see it with my own eyes but we are in a crisis right now the state of connecticut and no one wants to handle it because they know the only way to solve the problem at least by one playbook is to raise taxes like the sales tax in the state income tax while by the other play a book to drug kony ealy make cuts in the state budget let's go to nick in waterbury nick welcome to see on the hill dan i wire good nikko were you very good i think they're gonna edgar headed were no reply board by we waterbury worker now the year two thousand thirty five at forty million dollars a year every pack earn rudy grain early eight hundred dollars more.
"sales tax" Discussed on KMJ NOW
"Ones that unfamiliar with filmed a list mocktudor quickly i do the incentive the local go rosy paver projects that generate sales tax um the really the fault of the system the uh live in uh but uh projects tend to be they tend to be looking for sales tax over projects that might do more to generate income or quality life in their in their communities for their own to score reasons secondly the criticism that uh incentives or move existing economic activity around rather than growth of pie a third maybe that the local government officials shouldn't be in this business can foster uh there can be favoritism and political corruption and pigs who have nature uh and i think the fourth caruso host about program to vote maybe divert revenue uh from uh some purpose to economic development those big cruiser redevelopment diverting revenue from a permit application to a redevelopment will that is the very thorough a complete list i'm gonna talk about one of them john uh with you in the christian he's talking about in terms of insent is that really don't generate any new business or jobs shift no jobs one community to another would you say to that well i don't i don't believe it's accurate um the a community that is willing to offer an incentive which means that they're by virtue of that giving something up so that they're giving a portion of their future sale sash fruit future property tax up um what we're seeing is is communities are really evaluating that an and the that incentive doesn't even kick in and tale a certain threshold so you know you have to sail have a sales tax revenue the annual of of acts or property tax valuation of acts before we even start talking about that so they they've set the standards for that um they're going into it expecting that the increase in shopping opportunities and certainly increase in jobs and and revenue for their community is going to be sufficient to justify any incentive.