Aces High Bulletin Board

General Forums => The O' Club => Topic started by: Eagler on July 11, 2001, 08:38:00 AM

Title: Only In L.A.
Post by: Eagler on July 11, 2001, 08:38:00 AM

I swear there is something in the water there...
 http://www.latimes.com/news/local/state/la-000056553jul10.story?coll=la%2Dnews%2Dstate (http://www.latimes.com/news/local/state/la-000056553jul10.story?coll=la%2Dnews%2Dstate)

Taxing satellite space?? Only in California  :)

Title: Only In L.A.
Post by: Ripsnort on July 11, 2001, 08:40:00 AM

Tax to the max, and big Gov't=California

Title: Only In L.A.
Post by: AKSWulfe on July 11, 2001, 08:41:00 AM

Looking for easy money.

People get more extreme every week. Eventually we'll be paying taxes for our brain to be in our body.   ;)
-SW

Title: Only In L.A.
Post by: Toad on July 11, 2001, 08:47:00 AM

Potentially another one of California's self-inflicted wounds.

"Auerbach, the assessor, figures that satellites are no different from other movable personal property that he has authority to tax--like boats, construction equipment and ice skating costumes."

I were Hughes, I'd open a "Satellite Operations" subsidiary in a State that didn't do stuff like this. I doubt if Nevada does.

Open a small office, transfer the assets to that subsidiary and tell the Assessor to go pound sand.

It's been pretty much proven world-wide (I think the Swedes did the first study/experiment) that when total taxation approaches 40% of income, more effort is put into tax-avoidance than making more money.

It's why a lot of my buddies commute to work at LAX from another state. California tax policy/rates drive away those that can afford to leave.
 
So, instead of a decent amount of tax from those people, California tries to hose them and gets nothing as a result.

Title: Only In L.A.
Post by: Naso on July 11, 2001, 08:51:00 AM

Quote

Originally posted by SWulfe:
Eventually we'll be paying taxes for our brain to be in our body.    ;)
-SW

Pheew, I'm safe then...  :)

Naso
Member of Brainless Creatures.

Title: Only In L.A.
Post by: Sandman on July 11, 2001, 09:04:00 AM

This is one of the most assinine things I've ever seen. Rick Auerbach is an idiot.

Title: Only In L.A.
Post by: capt. apathy on July 11, 2001, 11:47:00 AM

good call toad,
your solution seems very similar to what most companys do with ships(register them from ports with small tax rates)

Title: Only In L.A.
Post by: mrfish on July 11, 2001, 12:39:00 PM

cut it out or we'll tax those negative vibes dude.........

Title: Only In L.A.
Post by: AKDejaVu on July 11, 2001, 02:01:00 PM

Hmmm... seems perfectly legal to tax the satelites.  Of course.. this is why may companies are pulling out of California.

Intel decided to build several factories in Oregon because the state promised a property tax break.  You see, the building (Fab) costs about 900 million to build and then houses 1.5 billion in equipment.  Technically, the equipment becomes property and can be taxed as such.  Due to the extremely high cost of these tools, the state made an agreement to set a property tax cap... one so high that wafer fabs are about the only ones that can benifit from it.

AKDejaVu