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The Water Cooler
General Discussion
SQ 766 - Ban Taxation on Intangible Assets - Poll
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<blockquote data-quote="HMFIC" data-source="post: 1971497" data-attributes="member: 7539"><p><sigh></p><p></p><p>It is a new tax for the 90+% of businesses that were not subjected to it prior to the SC ruling. </p><p></p><p>Yes, the large (you left out 'public service only') businesses making huge profits stand the most to gain, but only if some other way to deal with the tax code is not addressed by the legislature (which they will HAVE to do).</p><p></p><p>So.. in recap, a vote YES will force the legislature to do it's job and deal with the fallout from the crappy law they wrote and figure out a fair, legal and equitable way to tax those large public service businesses which was their original intent.</p><p></p><p>A vote NO will cause a new tax structure that applies to small businesses which was never the legislatures original intent behind the law.</p></blockquote><p></p>
[QUOTE="HMFIC, post: 1971497, member: 7539"] <sigh> It is a new tax for the 90+% of businesses that were not subjected to it prior to the SC ruling. Yes, the large (you left out 'public service only') businesses making huge profits stand the most to gain, but only if some other way to deal with the tax code is not addressed by the legislature (which they will HAVE to do). So.. in recap, a vote YES will force the legislature to do it's job and deal with the fallout from the crappy law they wrote and figure out a fair, legal and equitable way to tax those large public service businesses which was their original intent. A vote NO will cause a new tax structure that applies to small businesses which was never the legislatures original intent behind the law. [/QUOTE]
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