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Austin, Texas ................... that .................
Seriously?
Income Tax Rates
If you don't know what I am talking about, why are you bothering to reply?
NYT's says Denver......So millennials are going to deal with the altitude?
Maybe it is a way to weed out the weakest.
So what do we think about Denver?
.... you have the first part of the correct. It is likely that Amazon would look for a community with a good tech infrastructure, including good schools, good quality of life and other tech companies upon which they can draw employees. If the were looking to be more central than coastal, the leading candidates, based on the aforementioned criteria would be Denver/Boulder, Salt Lake and Austin (and maybe Ann Arbor). If they wanted a favorable political climate, the would narrow the field to Denver/Boulder.
Seriously?
Income Tax Rates
If you don't know what I am talking about, why are you bothering to reply?
Income tax rates are not a huge factor for tech companies. What they look for are ares that are hip enough, and have the quality of life to attract the kind of talent they need. Lots of green space, good schools, good infrastructure, good transportation system, educated population are all much bigger factors for most tech companies than tax rates.
Not true.
LSI Logic built a brand new semiconductor facility in Gresham Oregon. They did so with a reduced tax rate from the city. Years later, when the city didn't renew lower their tax rates, they build a new fab in Malaysia and left Oregon.
Not true.
LSI Logic built a brand new semiconductor facility in Gresham Oregon. They did so with a reduced tax rate from the city. Years later, when the city didn't renew lower their tax rates, they build a new fab in Malaysia and left Oregon.
Income tax rates are not a huge factor for tech companies. What they look for are ares that are hip enough, and have the quality of life to attract the kind of talent they need. Lots of green space, good schools, good infrastructure, good transportation system, educated population are all much bigger factors for most tech companies than tax rates.
Amazon has engaged in tax avoidance more than most tax companies. Remember when they threatened to move warehouses and shipping hubs based on taxes?
The company I work had a kids book publishing office in Denver on Larimer Square up until late 2013. Denver does have a good tech infrastructure and good schools. The downsides to Denver is that its immense growth is hurting its quality of life as housing prices are skyrocketing and traffic is horrible. The mountains are right there at the western edge of the metro, but its not unusual to be stuck in stop and go traffic for 100 miles getting in and out of them. In many ways, Minneapolis has a far better quality of life - winters aside.
Kansas City is making a bid as well. I don't know how good KC's chances are. Its a very hip city these days with a good quality of life (my commute time to downtown is less than 10 minutes, we have more miles of freeway per-capita than any major city in America). We have lots of green space - over 100 miles of singletrack in the city alone, good schools in the suburbs, we are centrally located, and have a lot of tech companies to draw talent from like Garmin, Cerner, Sprint and so on. However, no ocean or mountains close by and our airport is older.
Airports are easy to upgrade, I said KC right off...i think it would be perfect, but for the fact it is smaller than they want right?
2.3 million in the metro.
Eight takeaways from Kansas City?s budget | The Kansas City Star7. Total economic development tax increment financing and subsidies: $62 million in 2010-11 vs. $75 million in 2015-16 and projected $83 million in 2016-17.
I believe those would have been business and property taxes rather than income tax rates. I have a feeling Amazon is not as worried about income tax rates for their workers as they are direct taxes to Amazon.
That's a factory, the economics are totally different with a factory. LSI does not have to bring in thousands of highly skilled software developers for a factory. Moreover, taxes were most likely just the excuse with LSI. Per-capita income in Malaysia is 1/5th what it is in the United States. You could cut their taxes to nothing and they still would have moved for 1/5th the labor cost. The only way to put a stop to manufacturing going to low wage countries would be to outlaw container ships.
Does this mean you agree with to put tariffs on imported good to equalize and stabilize US jobs?
2.3 million in the metro.
http://www.kansascity.com/news/politics-government/article59815481.html7. Total economic development tax increment financing and subsidies: $62 million in 2010-11 vs. $75 million in 2015-16 and projected $83 million in 2016-17.
OK good, then there is this:
Eight takeaways from Kansas City?s budget | The Kansas City Star
KC would be perfect, except for the inability to afford to host Amazon, as they want as much free swag and they can get, and tend to get showered with it...I was reading $1 billion in tax breaks and subsidies from the public purse since 2014.
Taxes are taxes, and business decisions are based on such things.
No, not at all. I think a trade war would be devastating to the overall economy. My point was that low skilled jobs will go to the country that has the infrastructure in place to support the factories and has the cheapest labor. This is because container ships make it very easy to ship goods cheaply around the world. If you look at when manufacturing jobs started to be outsourced, it correlates with the advent of container ships.
Kansas City has the advantage of low housing costs for a major city. However, for city revenue that is a disadvantage because it lowers property tax receipts. Houston is another major city with low housing costs, in response, they have very high property tax rates. Luckily KC has not gone that route.
This idea that Amazon wants to set up in a Red State in the attempt to head off getting broken up has a lot of merit....