Stiffed by TIFs

and across the country are in dire straits when it comes to providing services in this economic downturn. The reason is simple — an eroded tax base from giving away millions of dollars a year in tax-increment financing, tax abatements and uncollected business taxes.

  That leaves only the small working stiff to make up the difference on their behalf. We don’t have any negotiation power to evade paying our taxes, like the big corporations have. 
 
C.D. Rinck Sr.
Mission

Comments

[Roger Lambert]

Picking up on Whispering's idea of no corporate taxation. It would be VERY interesting to see where businesses would locate if cities and states were no longer able to compete with each other with tax breaks.

Would less desirable locations ever attract businesses to locate there? How would rural areas, inner city slums, and other less than ideal places ever improve themselves? Tax incentives are the only way govts have to convince businesses to do things they otherwise wouldn't do.

[whispering_to_kc]

Corporations should pay no taxes at all.

Once freed of the profit killing taxation burden, corporations will then hire millions of people with their new found cash. These millions of working people will then pay taxes and make up for the lost corporate tax base CD is so unnecessarily worried about.

Corporate taxes are socialist.