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Getbig Main Boards => Politics and Political Issues Board => Topic started by: dario73 on October 10, 2013, 06:15:40 AM
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For the third year in a row, Wyoming has fostered the nation’s best business climate, thanks to low rates on corporate and personal income taxes made possible by a booming oil industry, according to a new report from the Tax Foundation.
In fact, six of the top 10 states with the best business climate are western states, bolstered at least in part by new revenues from energy production that allows them to reduce other types of taxes. In many cases, the top-ranked states omit at least one major stream of revenue altogether, such as an income tax or a sales tax.
“If you can go without one of the major tax categories, not only do you have one less tool to distort the economy, but you’re also getting rid of a ton of overhead costs,” said Scott Drenkard, a Tax Foundation economist who co-authored the study. “You’re also able to get rid of the dead weight cost on the private side, where people are trying to comply with those taxes.”
Alaska, Florida, Nevada, South Dakota, Washington and Wyoming, all states in the Tax Foundation’s top 10, have no personal income tax. New Hampshire and Alaska have no sales tax.
Utah and Indiana, which place ninth and tenth in this year’s rankings, tax across all major revenue streams, but their rates are low across the board. Indiana, where the legislature cut taxes under former Gov. Mitch Daniels (R), displaced Texas in the top 10.
Texas Gov. Rick Perry (R) has cited the Tax Foundation rankings on trips to Democratic-run states like Illinois and Maryland, on which he tries to recruit businesses to move to the Lone Star State. Texas dropped a spot in the rankings, Drenkard said, because of the Texas margin tax, a tax on gross receipts. Michigan, Kentucky and New Jersey have eliminated gross receipts taxes in recent years, and some Texas legislators want to follow suit.
Northeastern states dominate the bottom 10, thanks to higher taxes on corporations and complicated tax codes. New York came in last place, while Rhode Island, Vermont, Connecticut, New Jersey and Maryland all fell in the bottom 10. California, Wisconsin, North Carolina and Minnesota all have tax rates high enough to qualify for the bottom 10.
Expect the Republican Governors Association to celebrate the rankings: Seven of the top 10 states are run by Republican governors, while seven of the bottom 10 states are run by Democrats.
The rankings won’t stay static next year. Drenkard said a package of tax reforms signed by Gov. Pat McCrory (R) earlier this year will move North Carolina out of the bottom 10; had those tax rules been in effect by the July 1 beginning of the fiscal year, North Carolina would have qualified for 17th place on the list.
Democrats are idiots when it comes to the economy. Liberal view of the economy has never worked and never will. Accept it.
http://www.washingtonpost.com/blogs/govbeat/wp/2013/10/09/western-u-s-best-for-business-tax-foundation-says/
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This has been the case forever a d everyone including liberals know it. Libs and their economic policies are always utter failures, countless examples show this. American cities and states that go from red to blue always start to decline
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How many of the top 10 states with the highest rate of teen pregnancy, high school drop out, poverty levels and general status as a "welfare" state are red as well?
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How many of the top 10 states with the highest rate of teen pregnancy, high school drop out, poverty levels and general status as a "welfare" state are red as well?
Keep blacks out of this lurker ;D
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Keep blacks out of this lurker ;D
LMAO!!!!
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How many of the top 10 states with the highest rate of teen pregnancy, high school drop out, poverty levels and general status as a "welfare" state are red as well?
Changing the subject. What does teen pregnancy, etc. have to do with the business climate statistics he posted?
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Changing the subject. What does teen pregnancy, etc. have to do with the business climate statistics he posted?
Another question is whether the demographic causing those high numbers is same demographic who vote republican.
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Another question is whether the demographic causing those high numbers is same demographic who vote republican.
Which numbers? The business climate statistics or the off-topic pregnancy info Lurker brought up?
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Which numbers? The business climate statistics or the off-topic pregnancy info Lurker brought up?
Pregnancy. What I was getting at was the high number of welfare recipients and unwed mothers has nothing to do with the state being a red state.
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Pregnancy. What I was getting at was the high number of welfare recipients and unwed mothers has nothing to do with the state being a red state.
Got it. Thanks. I agree.
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How many of the top 10 states with the highest rate of teen pregnancy, high school drop out, poverty levels and general status as a "welfare" state are red as well?
Keep blacks out of this lurker ;D
Thats pretty funny
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Changing the subject. What does teen pregnancy, etc. have to do with the business climate statistics he posted?
Seeing how we are talking about the 10 ten states along party aisles, I would say everything.
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Another question is whether the demographic causing those high numbers is same demographic who vote republican.
If they voted Democrat then it wouldn't be a red state now would it?
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How many of the top 10 states with the highest rate of teen pregnancy, high school drop out, poverty levels and general status as a "welfare" state are red as well?
If you want to break that down by city, LA leads that prestigious stat, what was Villarigosa again...oh, that's right. A liberal.
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If you want to break that down by city, LA leads that prestigious stat, what was Villarigosa again...oh, that's right. A liberal.
But we are talking about states aren't we? Try to keep up.
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Seeing how we are talking about the 10 ten states along party aisles, I would say everything.
The article is about states that foster the best business climate: "For the third year in a row, Wyoming has fostered the nation’s best business climate, thanks to low rates on corporate and personal income taxes made possible by a booming oil industry, according to a new report from the Tax Foundation."
That has nothing to do with "How many of the top 10 states with the highest rate of teen pregnancy, high school drop out, poverty levels and general status as a "welfare" state are red as well?"
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We are talking about Republican states making up the Top Ten List. Let's include all the Top Ten Lists they make as well. It's ok to be ashamed.
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If they voted Democrat then it wouldn't be a red state now would it?
It's a bit more complicated than that. Difference demographics show up at the polls more regularly than others thus skewing the election results. Gerrymandering and where populations are concentrated can have an effect. For example urban/suburban/rural. You have to prove that the people voting republican in a red state are the ones receiving the majority ofbenefits for there to be a connection between voting habits and welfare.
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For the third year in a row, Wyoming has fostered the nation’s best business climate, thanks to low rates on corporate and personal income taxes made possible by a booming oil industry, according to a new report from the Tax Foundation.
I'm from Wyoming. Coal is the major resource making big bucks here, not oil. And lol at it equating to the best business "climate" I call total BS on that. Yea, maybe best for big energy corps. It seems to be a great business model for those exploiting but not so much for the natives just trying to start up a local shop. They'll get shut out in the blink of an eye and I've watched it happen over and over.. If you don't have big corporate backing, you're not doing business in this area for very fucking long. There's always a little more to the story...
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But at the same time these red states receive more federal tax dollars per capita than blue states. They actually bring in less money in taxes than they take from the feds when compared.
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But at the same time these red states receive more federal tax dollars per capita than blue states.
that's also true,
http://wyofile.com/gregory_nickerson/wyoming-where-independent-people-rely-on-federal-funds/
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But at the same time these red states receive more federal tax dollars per capita than blue states. They actually bring in less money in taxes than they take from the feds when compared.
Yes they do but who are benefitting the most from the federal tax benefits in those red states?
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Yes they do but who are benefitting the most from the federal tax benefits in those red states?
Just state who you think is benefitting.
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It's a bit more complicated than that. Difference demographics show up at the polls more regularly than others thus skewing the election results. Gerrymandering and where populations are concentrated can have an effect. For example urban/suburban/rural. You have to prove that the people voting republican in a red state are the ones receiving the majority ofbenefits for there to be a connection between voting habits and welfare.
Yeah because all the black in GA and AL are really the majority of the population that doesn't make it to the polls.
::)
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But at the same time these red states receive more federal tax dollars per capita than blue states. They actually bring in less money in taxes than they take from the feds when compared.
Yep. All the those black and Hispanics in TX who don't make it to the polls obviously.
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http://www.nytimes.com/packages/text/newsgraphics/2009/1128-foodstamps-data.csv
This above is county by county. Expenditures have double since 09.
Yeah because all the black in GA and AL are really the majority of the population that doesn't make it to the polls.
::)
Yes, black turnout voter turnout is notoriously low.
Just state who you think is benefitting.
There is some variation but it is surprisingly consistent
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Yep. All the those black and Hispanics in TX who don't make it to the polls obviously.
Put your ideology aside and look at the numbers.
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It's the responsibility of those who claim there is a connection between republican voters in red states and high federal aid to prove that connection. More than once it has been brought up as if it means anything anf it doesn't.
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There is some variation but it is surprisingly consistent
LOL... nice dodge... ::)
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Here is a handy interactive map. Now, what we do is take these numbers and cross check them with voting trends.
http://www.nytimes.com/interactive/2009/11/28/us/20091128-foodstamps.html?_r=2&
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LOL... nice dodge... ::)
It's not a dodge. I've stated my opinions on this before. I've never voted republican in my life so I have no vested interest in promoting or defending republicans.
If you believe there is a connection then prove it. I've at least provided some statistics.
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HEHEHEHEH!!
Now the libtards are trying to link federal dollars to the GOP led states success.
Hey, you bunch of buffoons, if spending fed dollars was the magic wand that resulted in economic prosperity or even fostering a good business climate, how come the NATION'S economy is still in the toilet?
Heeeeeeey, the UE rate must be less than 5% by now since the libtards claimed we needed to spend over $1 trillion in stimulus money in order to resucitate the economy. What? It's not below 5%? No? What is it now? It's still over 7% five years later. And the USA has added another 5 trillion to the deficit and on pace to double what it was before the community leader took over. The same community leader who promised to cut it in half in his first term.
Libtards are the cancer that will destroy the human race.
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HEHEHEHEH!!
Now the libtards are trying to link federal dollars to the GOP led states success.
Hey, you bunch of buffoons, if spending fed dollars was the magic wand that resulted in economic prosperity or even fostering a good business climate, how come the NATION'S economy is still in the toilet?
Heeeeeeey, the UE rate must be less than 5% by now since the libtards claimed we needed to spend over $1 trillion in stimulus money in order to resucitate the economy. What? It's not below 5%? No? What is it now? It's still over 7% five years later. And the USA has added another 5 trillion to the deficit and on pace to double what it was before the community leader took over. The same community leader who promised to cut it in half in his first term.
Libtards are the cancer that will destroy the human race.
I've heard the red state/benefits thing many times and had pretty much accepted it as true. I thought it would be a hilarious irony if it was but the more I looked the more complicated the issue became.
There are a lot of reasons red states are doing better in some respects but many of the reasons aren't necessarily good for the average worker.
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We are talking about Republican states making up the Top Ten List. Let's include all the Top Ten Lists they make as well. It's ok to be ashamed.
It's not "the Top Ten List." It's "top 10 state with the best business climate." No comment on the actual subject?
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It's a bit more complicated than that. Difference demographics show up at the polls more regularly than others thus skewing the election results. Gerrymandering and where populations are concentrated can have an effect. For example urban/suburban/rural. You have to prove that the people voting republican in a red state are the ones receiving the majority ofbenefits for there to be a connection between voting habits and welfare.
Exactly.
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It's not "the Top Ten List." It's "top 10 state with the best business climate." No comment on the actual subject?
It is now. The rest of the Top Ten for the red states isn't so pleasing is it? So let's cherry pick in an effort to feel good about your party hmm?
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It is now. The rest of the Top Ten for the red states isn't so pleasing is it? So let's cherry pick in an effort to feel good about your party hmm?
I don't have a party and haven't cherry picked anything. I didn't start this thread.
But it's interesting how you will not even comment on the thread topic when you have on several occasions complained about people doing the same thing. Now this is an example of hypocrisy. :)
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I don't have a party and haven't cherry picked anything. I didn't start this thread.
But it's interesting how you will not even comment on the thread topic when you have on several occasions complained about people doing the same thing. Now this is an example of hypocrisy. :)
I added to the Top Ten List. And you certainly can't call another person a hypocrite seeing how you are the biggest on this board.
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Keep blacks out of this lurker ;D
LOL ;D
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that's also true,
http://wyofile.com/gregory_nickerson/wyoming-where-independent-people-rely-on-federal-funds/
So they keep their tax rates low artificially by recieving the money from the government instead?
Real succes story.