Tangible property tax - Page 4
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  1. #61
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    I emailed the aedc and threatened to move if they don't refund me and offer a 20 year credit.

    I offered to expose and sue for fraud also.

    Lets see where that gets me.

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  2. #62
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    Quote Originally Posted by as9100d View Post
    I emailed the aedc and threatened to move if they don't refund me and offer a 20 year credit.

    I offered to expose and sue for fraud also.

    Lets see where that gets me.

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    Eek! I usually don't try to threaten states, it rarely goes well. Did you discuss this with a lawyer before sending the email?

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    What's the worst that can happen? I already paid my taxes. I'll just move.

    Plenty of states would welcome a 50 employee shop.



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  4. #64
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    Quote Originally Posted by as9100d View Post
    What's the worst that can happen? I already paid my taxes. I'll just move.

    Plenty of states would welcome a 50 employee shop.
    It's the implied threat of "I offered to expose and sue for fraud" that I'm concerned about. I'm no lawyer, but such things can bite depending on who's on the receiving end.

    Hopefully I'm just a worry-wart. Wouldn't be the first time.

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    My email was a bit more wordy and explained that fraud was taking place and to remedy it I wanted a refund and credit and for everyone to pay back taxes.

    Wife is fired up about it and plans to get the news Involved.

    We have a huge shop as big as us that pays only $17,000 a year. It's fraud.

    They recently posted everything online so no more secrets. Who knew my beef with the taxes would turn onto this.

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    Maine theoretically taxes personal property at the same mil rate as real property, BUT there is a giant exemption and pretty much the only thing you actually pay tax on is furniture or stuff to run a retail store.

    If Michigan is too cold, Maine is also too cold. We do, however, have a program in certain areas of the state that gives a credit for a bunch of state taxes (income, sales, etc.) for 5 or 10 years for new or expanding businesses.

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    I would move but my employees wouldn't

    I'm sure I can get half or more to move easily.

    They all want warm weather. So do I....

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    Quote Originally Posted by Milland View Post

    Hopefully I'm just a worry-wart. Wouldn't be the first time.
    OK, total tangent here (apologies), but I got curious about the origination of the phrase "worry-wart", so I just did a little digging.

    And what I came up with is amusing/coincidental, as from this reference:

    "The origin, as so often with popular phrases, is a comic strip. In this case, it was the highly popular Out Our Way by J R Williams, which began life in 1922 and ran until 1977. In the early days it often featured a small-town family. One of the boys, aged about eight, was nicknamed Worry Wart by his elder brother.Feb 14, 2015"

    Well, that "J.R. Williams" also happens to be the cartoonist who created the "Bull of the Woods" series of machine shop cartoons from roughly the 20's to 50's (or thereabouts), and I brought back a thread earlier today on that series reprint books!

    Total freaking coincidence, but funny!

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    If I owe state taxes ,first they apply usurious interest rates ....like 25% PA,then they seize my tangibles (painful that),if I have no recoverables ,they refer me to the SPUR ...kind of a super debt collector run by the govt that cancels licences ,permits ,rtc,then still no recovery ,they throw you in the Bastille ....thats right debtors prison in this day and age.....All courtesy of a socialist government.....Rob a bank ,you might get anon custodial sentence ,owe money to the state tax collector,you will serve every day at a rate of around $3 a day off the debt.

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    Quote Originally Posted by john.k View Post
    If I owe state taxes ,first they apply usurious interest rates ....like 25% PA,then they seize my tangibles (painful that),if I have no recoverables ,they refer me to the SPUR ...kind of a super debt collector run by the govt that cancels licences ,permits ,rtc,then still no recovery ,they throw you in the Bastille ....thats right debtors prison in this day and age.....All courtesy of a socialist government.....Rob a bank ,you might get anon custodial sentence ,owe money to the state tax collector,you will serve every day at a rate of around $3 a day off the debt.
    Yeah what state is this I'll make sure never to visit

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    Idaho is another state that is reasonable some countys have personal property tax. But the state is fairly well ran. The governer and at least one of the senators are farmers. Of course finding helpWith brain cells is painful but i think that is everywere probably not a lot of incentives available but business is wanted. If your politics run a bit left of center one of the college towns. Otherwise just about anywere freight is a bit of a hassle, in the treasure valley acouple weeks of snow in december and a couple weeks of 100 plus End of july other than that the weather is pretty good. 300000 in state taxes including sales tax you would have to be in the 30 to 40 million a year gross revenue range

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    Quote Originally Posted by idacal View Post
    Idaho is another state that is reasonable some countys have personal property tax. But the state is fairly well ran. The governer and at least one of the senators are farmers. Of course finding helpWith brain cells is painful but i think that is everywere probably not a lot of incentives available but business is wanted. If your politics run a bit left of center one of the college towns. Otherwise just about anywere freight is a bit of a hassle, in the treasure valley acouple weeks of snow in december and a couple weeks of 100 plus End of july other than that the weather is pretty good. 300000 in state taxes including sales tax you would have to be in the 30 to 40 million a year gross revenue range
    Too isn't based on revenues, it's based on tangible assets like furniture, equipment,machines, tooling, etc.

    I pay that in addition to normal business income tax.

    That's what I'm looking to resolve....

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    Quote Originally Posted by as9100d View Post
    I would move but my employees wouldn't

    I'm sure I can get half or more to move easily.

    They all want warm weather. So do I....

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    Aww, c'mon.

    Ya southern boys can't take it..??

    What we always say is this,"You can always put on more clothes in the North when it's cold. In the South, you can only take off so much..."

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  16. #74
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    I'm in Texas. I could be wrong, but I don't think I pay any taxes other than Sales Tax to the state.

    The state sales tax rate is 6.25% Lampasas county sales tax rate is .5% City sales tax is 1.5%

    I am taxed by the county and school district because my properties are located outside of any of the municipalities in the county.

    Tax rates per $100.00 valuation of land, improvements and personal property.
    Lampasas County .58919
    County road & bridge .1235
    Lampasas ISD
    M&O (maintenance & operation) 1.06835
    I&S (interest & debt service) .26


    County allows an over 65(that's me) exemption of $15000.00.
    School District allows $25000.00 homestead and $10000.00 over 65 exemptions.

    I do not pay sales tax on business utilities as the state allows businesses to be exempt if 90% of utilities are business related. (What else would they be used for???????)

    No entity can tell me what I can or cannot do on my property.

  17. #75
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    Quote Originally Posted by alphonso View Post
    I'm in Texas. I could be wrong, but I don't think I pay any taxes other than Sales Tax to the state.

    The state sales tax rate is 6.25% Lampasas county sales tax rate is .5% City sales tax is 1.5%

    I am taxed by the county and school district because my properties are located outside of any of the municipalities in the county.

    Tax rates per $100.00 valuation of land, improvements and personal property.
    Lampasas County .58919
    County road & bridge .1235
    Lampasas ISD
    M&O (maintenance & operation) 1.06835
    I&S (interest & debt service) .26


    County allows an over 65(that's me) exemption of $15000.00.
    School District allows $25000.00 homestead and $10000.00 over 65 exemptions.

    I do not pay sales tax on business utilities as the state allows businesses to be exempt if 90% of utilities are business related. (What else would they be used for???????)

    No entity can tell me what I can or cannot do on my property.
    You are in violation of the tangible tax law if you use your belongings to make income aka a business.

    Texas for sure has a tpp tax

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  18. #76
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    Quote Originally Posted by as9100d View Post
    You are in violation of the tangible tax law if you use your belongings to make income aka a business.

    Texas for sure has a tpp tax

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    I don't understand what you are talking about. I' ve been running this business for going on 43 years and the only taxes I am aware of having paid were to the IRS and the county and school district.

    Show me a link to Texas TPP tax.

  19. #77
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    Start a new business, it only owns the debt, sign out front, tax liabilities and the office equipment....everything else is leased from another "private entity"

    This is a real eye opener..


  20. #78
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    Quote Originally Posted by alphonso View Post
    I don't understand what you are talking about. I' ve been running this business for going on 43 years and the only taxes I am aware of having paid were to the IRS and the county and school district.

    Show me a link to Texas TPP tax.
    https://www.google.com/url?sa=t&sour...C0OLk4mlR21mYZ

    Enjoy.

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  21. #79
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    Quote Originally Posted by as9100d View Post
    Your state does not exclude you from TPP.

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    Not what I wrote.

    Real Property (my parcel) and equipment not directly used in manufacturing are taxable. Manufacturing equipment is NOT subject to property tax. The parcel can be included on state DOR valuation listings to capture depreciation if I wish, and will override local assessment values. It's called the "equated roll" or something like that.

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    Quote Originally Posted by jancollc View Post
    Is that a local tax or a State tax? Reason I ask is that link on the first page showed WI and CT as no TPP taxes.

    I pay a State and local income tax, and a TPP tax in Oregon. But the TPP rate seems relatively low, I don't know the calculation, but it seems like about 1% effective rate for me.
    The STATE does not levy any property taxes in WI. Property taxes are levied by municipalities and paid to municipalities.


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