[News] [Rival] Microsoft Escapes Tax With More Cronyism (Rep. Hunter), Lobbying from Bill Gates' Daddy

[News] [Rival] Microsoft Escapes Tax With More Cronyism (Rep. Hunter), Lobbying from Bill Gates' Daddy

Post by Roy Schest » Thu, 29 Apr 2010 16:30:36


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Microsoft wins its $100M tax-break and amnesty from broke-ass Washington State

http://www.boingboing.net/2010/04/23/microsoft-wins-its-1.html

Bill Gates Sr. leading income tax initiative

,----[ Quote ]
| Bill Gates Sr. is leading a new initiative
| campaign for a state income tax on
| wealthier residents.
|
| Gates says the current state tax system is
| unfair, and he expects voters will approve
| Initiative 1077 in November. Gates is
| father of the Microsoft co-founder and a
| longtime supporter of tax overhaul.
`----

http://seattletimes.nwsource.com/html/localnews/2011662727_apwaincometax2ndld.html

Bill Gates Sr. Announces Income Tax Ballot Measure Campaign

,----[ Quote ]
| Washington tax activists -- including the
| father of Microsoft founder Bill Gates --
| are borrowing a page from Oregon.
|
| They announced a campaign Wednesday to put
| a high-earners' income tax on the fall
| ballot. Oregon voters approved a similar
| measure earlier this year.
`----

http://news.opb.org/article/7175-bill-gates-sr-announces-income-tax-ballot-measure-campaign/

Wash. Income Tax Measure Seeks Major Tax Overhaul

http://abcnews.go.com/Business/wireStory?id=10437562

Wash. income tax measure seeks major tax overhaul

http://www.ajc.com/business/wash-income-tax-measure-480247.html

Wash. income tax measure seeks major overhaul

,----[ Quote ]
| Tax-reform advocate Bill Gates Sr. says the
| couples pulling in $400,000 or more
| annually who would be taxed, "can afford to
| pay."
`----

http://www.kndo.com/Global/story.asp?S=12352987

Tim Eyman Reacts To Washington Income Tax Ballot Measure

http://news.opb.org/article/7179-tim-eyman-reacts-washington-income-tax-ballot-measure/

Wash. state voters could see income tax initiative

,----[ Quote ]
| Bill Gates Sr., father of the Microsoft
| Corp. co-founder, was scheduled to headline
| an event Wednesday in Seattle where
| community leaders would announce their
| intentions about pursuing I-1077.
`----

http://www.businessweek.com/ap/financialnews/D9F7HTG02.htm

Gregoire says she'll sign income tax initiative

,----[ Quote ]
| Gov. Chris Gregoire told reporters Friday
| she'll sign the petition and probably vote
| for the high-earners income-tax initiative
| unveiled this week by Bill Gates Sr.
`----

http://seattletimes.nwsource.com/html/politicsnorthwest/2011688312_gregoire_says_shell_sign_incom.html


Recent:

Microsoft Wins Nevada Royalty Tax Cut and Tax Amnesty; Reports Record Revenue

,----[ Quote ]
| Struggling to close a $2.8 billion fiscal
| deficit, the Washington State Legislature
| ended its recent special session with two
| huge gifts for Microsoft:
|
| 1) It gave Microsoft an effective $100
| million annual tax cut by revising the
| definition of the royalty tax. Under the
| old law, all of Microsoft's $20.7 billion
| annual software licensing sales were
| taxable in Washington state at .484%. Under
| the new law, the royalty tax will be
| apportioned so that only the portion of
| sales to Washington State customers would
| be taxable, a tiny fraction of Microsoft's
| taxable revenue.
|
| 2) It also gave Microsoft amnesty on an
| estimated $1.25 billion in unpaid taxes,
| interest and penalties that the company has
| avoided paying since 1997 by reporting this
| revenue from a small Reno, Nevada office.
|
 
 
 

[News] [Rival] Microsoft Escapes Tax With More Cronyism (Rep. Hunter), Lobbying from Bill Gates' Daddy

Post by Phili » Fri, 14 May 2010 04:55:45


Many US and global companies indirectly compensate employees for state
income taxes by having regional salary indexes. For example, many
Silicon Valley employees have salaries as much as 15% more than their
company cousins elsewhere. The difference being explained that local SV
labor market is "more competitive". In my mind, it is more due to the
higher state tax rates in California. Looks like Washington state will
be joining the club shortly.

 
 
 

[News] [Rival] Microsoft Escapes Tax With More Cronyism (Rep. Hunter), Lobbying from Bill Gates' Daddy

Post by Roy Schest » Fri, 14 May 2010 09:24:41

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____/ Philip on Wednesday 12 May 2010 20:55 : \____



Washington has debt, but nowhere as big as CA's (near bankruptcy).

- --
~~ Best of wishes


I bet the human brain is a kludge. - Marvin Minsky
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[News] [Rival] Microsoft Escapes Tax With More Cronyism (Rep. Hunter), Lobbying from Bill Gates' Daddy

Post by Phili » Fri, 14 May 2010 13:37:04


I used to live in SV California. Nearly the highest state income taxes,
highest sales taxes, and high property taxes. They also tax cars,
tourists, dogs, you name it.

The question is...where does all that money go? It has nearly the lowest
per student funding rate, pot holes in the roads, bankrupt public
medical systems, and everything going up in smoke.
 
 
 

[News] [Rival] Microsoft Escapes Tax With More Cronyism (Rep. Hunter), Lobbying from Bill Gates' Daddy

Post by Roy Schest » Sat, 15 May 2010 23:16:07

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____/ Philip on Thursday 13 May 2010 05:37 : \____




Over $400 billion/annum is spent on war/planes/bombs/military colonies (aka "defence").

- --
~~ Best of wishes

Dr. Roy S. Schestowitz | Linux: does exactly what it says on the tin
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[News] [Rival] Microsoft Escapes Tax With More Cronyism (Rep. Hunter), Lobbying from Bill Gates' Daddy

Post by Phili » Thu, 03 Jun 2010 03:24:16


Well last I heard, California did not have much of a defence budget.
 
 
 

[News] [Rival] Microsoft Escapes Tax With More Cronyism (Rep. Hunter), Lobbying from Bill Gates' Daddy

Post by James West » Thu, 03 Jun 2010 04:12:03


Maybe they can borrow some 'fence' from Arizona !

--
James Westwood
Remove'spamo' to reply.
Microsoft? Not on my watch.
6/1/2010 3:11:31 PM
 
 
 

[News] [Rival] Microsoft Escapes Tax With More Cronyism (Rep. Hunter), Lobbying from Bill Gates' Daddy

Post by Roy Schest » Thu, 03 Jun 2010 04:34:30

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____/ Philip on Tuesday 01 Jun 2010 19:24 : \____


I don't think it has much of /any/ budget unless it gets more Chinese credit
cards (which is hard when your debt exceeds $2tr, IIRC).

- --
~~ Best of wishes

trive not to be a man of success, but rather strive to be a man of value. --Albert Einstein
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