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re: Why should the people and taxpayers of America be bailing out poorly run states?
Posted on 4/27/20 at 3:59 pm to Jorts R Us
Posted on 4/27/20 at 3:59 pm to Jorts R Us
quote:
Excluding business income taxes from the collections table doesn't really change the order, though.
Why just business income taxes?
You live in California and own some producing wells in Wyoming, make $10 million per year from this operation and pay $2.5 million to the federal government in income taxes. Why doesn't Wyoming get credit for any of the taxes sent to Washington for oil that is produced in its state?
This post was edited on 4/27/20 at 4:00 pm
1
Posted on 4/27/20 at 4:21 pm to David_DJS
quote:
Why just business income taxes?
You live in California and own some producing wells in Wyoming, make $10 million per year from this operation and pay $2.5 million to the federal government in income taxes. Why doesn't Wyoming get credit for any of the taxes sent to Washington for oil that is produced in its state?
Why does the proprietor care about Wyoming receiving credit when its not their residence?
Moreover, how do we know examples like yours are even material to overall collections?
This post was edited on 4/27/20 at 4:26 pm
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