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Sacrifices for the upper class are considered "anti-business," "class war" even, while scaling back services for the poor and middle classes gets the "reform" moniker.
would cap the maximum sales tax the state could collect on the sale of a yacht. It was passed by an 8 to 3 vote along party lines, with Republicans supporting the measure.
The tax break comes after Republicans proposed deep cuts to education, nursing homes, and other basic government services. The state has a $27 billion deficit.
http://www.rawstory.com/rs/2011/05/0...e+Raw+Story%29
Sacrifices for the upper class are considered "anti-business," "class war" even, while scaling back services for the poor and middle classes gets the "reform" moniker.
They're creating jobs by allowing the rich to employ an extra hispanic to clean their yacht.
There's even a bill out there that allows that domestic employee to be an illegal alien. The same bill proposes heavy fines for all those who dare to employ illegal aliens as other than nannies, gardeners or housekeepers.
whoohoo! I'm going yacht shopping this weekend.
Isn't it better to keep the yacht sales local, rather than the rich buying them else where?
A high percentage of nothing is nothing. A lower percentage of something is more.
If it results in a net tax increase by increasing yacht sales in the state, I'm fine with it. Makes for an ugly headline during these times, but it's not an inherently flawed idea... I have no idea what kind of revenue this means for the state, though.
You really think someone buying a yacht is worrying about the sales tax? Typical conservative alternative reality.
wasn't this done before quite infamously, even if not in Texas. As I recall the yacht industry went down and the only people who were really injured were poor saps building the things.
They didn't get rich by throwing money away. Last guy I knew that bought a big offshore boat bought it in Florida.
Apparently. Sales plummeted the last time we did this and the layoffs were not pleasant.
Of course, you can't see this. Typical moonbat alternative reality.
Don't forget your coupon. 2 immigrants with the purchase of a 50 footer!
regressive tax expenditures to support the wealthy
widespread budget cuts to screw the non-wealthy
aka, that's how Repugs roll.
A complete lack of intellectual honesty and critical thinking.
aka, that's how boutons rolls.
I think the answer, as bewildering as it might be, is "yes".
If they want to cap ALL sales tax on large items, based on a % of income (so that everyone has an opportunity to take advantage) I might be persuaded; but this smells of someone getting ready to make a sizable purchase; and getting a personal favor.
You didn't hear about Kerry?
Sen. John Kerry skips town on sails tax:
The Fiscal Note for the bill shows it being a loss for the state. I didn't dig too much into the methodology, since I really don't care that much... but usually on these Fiscal Notes they try to show incremental revenue if it could be created.
http://www.capitol.state.tx.us/BillL...2R&Bill=HB2187
Interesting, thanks. I say give it a year or two and revisit if revenue didn't grow. Of course, they would never reverse it because reversing tax breaks is socialist class warfare.
The Fiscal Notes can sometimes be... well, lazy, IMO. Really depends on the issue. This one isn't big enough to warrant real economic analysis, so they just multiply the reduction in the tax by the number of boats sold and "BAM LOOK AT HOW MUCH MONEY WE'RE GONNA LOSE!" If it were something like raising/lower the sales tax, a more in depth note would have been written.
The bill just made it out of committee last week, so in a week or two a copy of the testimonies should be posted - though I wouldn't bet on there being any real economic analysis there. As I learned with my bill, economics (or even common sense) don't matter sometimes.
Oh, ok.... I guess I'll take your word for it because Manny said your never wrong...
I'm thinking that a purchaser of a yacht is buying name brand and not worrying about a reduced sales tax, now, don't confuse that with a period of recession (like Mr. Never Wrong) which tends to lead to decreased purchases of all most all high dollar goods....like Scott said, to say there is correlation or causation is amateur....
LOL....I already got punked today in the classroom/911 thread....by Manny no less. Dude, nobody can pack more fail in a single post than you.Oh, ok.... I guess I'll take your word for it because Manny said your never wrong...
BTW...I had to admit my position was wrong....you should try it sometime.
If I ever am wrong I will...thanks...LOL....I already got punked today in the classroom/911 thread....by Manny no less. Dude, nobody can pack more fail in a single post than you.
BTW...I had to admit my position was wrong....you should try it sometime.
It's really simple math. Lets say a Bertram dealer in Florida is selling the exact same boat a dealer in Texas is selling for the same price...say 1 million dollars...
The buyer in Florida will pay one million dollars and the buyer in Texas will pay one million eighty one thousand...he is gonna buy in Florida every time and the dealer in Texas goes out of business.
No one said Texas politicians were smart or reliable.
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