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  1. #31
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    Re: Microsoft Expanding in WDM

    Quote Originally Posted by isufbcurt View Post
    I do not consider maintaining jobs to be creating jobs. And I also do not consider temp jobs creating jobs. To me creating jobs is creating a new full time/part time job that wasn't there before.
    A job isn't infinite without end. A job could be one day, 10 days, two months 10 years or 40 years. If people are employed to build this it has created jobs, either they were doing nothing before, or they were doing something and someone was hired to replace them.


    A world without yoga pants and Planter's cheese balls, is a world I no longer want to live in.

  2. #32
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    Re: Microsoft Expanding in WDM

    Quote Originally Posted by mtowncyclone13 View Post
    You see part of the governors plan was to create jobs. He created 29 jobs and it only cost Iowa taxpayers $690,000 per job!
    It didn't cost Iowa taxpayers anything. It's not like they were paying the taxes before and now they won't be.



  3. #33
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    Re: Microsoft Expanding in WDM

    Quote Originally Posted by boone7247 View Post
    Last time a check you still pay sales tax on all those servers at the place of their destination. So 477 - 577 in computing equipment comes out to approx $23.85 - 28.85 million. Doesn't seem like is too bad of a deal for the state. Plus future upgrades of equipment.
    While that is true part of the tax break the state is giving is waiving those taxes.



  4. #34
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    Re: Microsoft Expanding in WDM


  5. #35
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    Re: Microsoft Expanding in WDM

    Quote Originally Posted by cytech View Post
    While that is true part of the tax break the state is giving is waiving those taxes.
    So the state is still earning more money than it would have if it didn't provide the tax break. So not sure what the problem with giving them the credit is.


    A world without yoga pants and Planter's cheese balls, is a world I no longer want to live in.

  6. #36
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    Re: Microsoft Expanding in WDM

    Quote Originally Posted by boone7247 View Post
    A job isn't infinite without end. A job could be one day, 10 days, two months 10 years or 40 years. If people are employed to build this it has created jobs, either they were doing nothing before, or they were doing something and someone was hired to replace them.
    Sweet my company just created 400+ jobs in Ames and it looks like they are going to be creating 400+ jobs everyday for the forseeable future.



  7. #37
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    Re: Microsoft Expanding in WDM

    Quote Originally Posted by isufbcurt View Post
    Sweet my company just created 400+ jobs in Ames and it looks like they are going to be creating 400+ jobs everyday for the forseeable future.
    Right your company probably offers a steady stream of services/goods. That probably isn't as dependent upon 1 or 2 customers. Builders don't have the ability to diversify their product and smooth out revenue cycles like most entities. If they don't get this job there isn't a guarantee they will get the next one. So yes it creates a temporary job, but that is still a job and someone still was able to earn a living for a time being from it.


    A world without yoga pants and Planter's cheese balls, is a world I no longer want to live in.

  8. #38
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    Re: Microsoft Expanding in WDM

    Quote Originally Posted by boone7247 View Post
    So the state is still earning more money than it would have if it didn't provide the tax break. So not sure what the problem with giving them the credit is.
    You are right 10-20 years down the road they will get more money.

    There are several tax breaks combined in this deal. One is a property tax break for 10 years on the added value to the property. Which means no additional property tax will be collected for 10 years. There is also a withholding tax break for their employees they hire. This means that the employees will get credit as though they paid Iowa income tax but the company will get that amount rebated back to them. Not sure on the amount of years on that though it is generally a shorter term like 5 years. Then there is the break on paying sales tax and any local option or school sales tax on their equipment purchases.

    We need to lower the overall rates to a point where we can be competitive with our neighboring states and eliminate the use of these tax breaks.



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