Related: Massachusetts' Lost Decade of Jobs
Those Are the (Tax) Breaks in Massachusetts
Also see: Video Game Schills
Schilling's Wild Pitch
Caprio aims to block 38 Studios deal
Score it as a passed ball then.
Making a run for the money; Incentives like the ones that lured Schilling’s company to Rhode Island don’t always pay off for the states offering them
But that won't stop Massachusetts lootislators from THROWING AWAY more of YOUR MONEY!
"As recovery lags, lawmakers weigh new tax breaks for companies" by Todd Wallack, Globe Staff | July 25, 2010
State lawmakers are considering implementing several new tax breaks, potentially worth more than $140 million a year, to help encourage corporations to invest in Massachusetts and accelerate the state’s sluggish economic recovery.
Maybe we need LESS TAXES, huh?!?!
Related:
The Massachusetts Model: Municipal Health Mess
Towns to Pay Health Tax For Public Servants
Memory Hole: Massachusetts' State Budget
Mass. State Budget: Screwing Cities and Towns
Hope it is all worth it.
And you WONDER why your ECONOMY is SHIT?
One of the changes, approved by the House of Representatives, would let companies use their losses to offset profits over a 20-year period, up from five years under current law. And it would let financial institutions and public utilities, currently barred from carrying losses forward, to do so as well.
You SEE WHO your PUBLIC SERVANTS are looking out for, taxpayers?
Where is YOUR TAX BREAK, hanh?!!!!!!!!!!
Most states already let companies carry over losses for more than 5 years, and 25 of them — along with the US government — have adopted the 20-year rule.
Another proposal endorsed by the House would reduce the tax rate on capital gains, from 5.3 percent to 3 percent, for investments in Massachusetts start-ups, as long as the investments are held for at least three years.
Yup, but YOUR SALES TAX WENT up by 25% last year!
In addition, the legislation would let multinational companies avoid taxes on some income if it would normally be exempt under US treaties with other countries, something many other states allow already....
Is that LOOKING OUT for YOU, citizens and taxpayers?
But the proposals come as Massachusetts grapples with revenue shortfalls and budget cuts, prompting critics to question why corporations should be given tax breaks now....
Because THAT is what GOVERNMENT DOES!
It LOOTS the CITIZEN so it can GIVE the MONEY AWAY to CORPORATIONS!!
Don't you just LOVE AmeriKa!!!!!!!??
