. . . but simply hope to trick you long enough to get their claws into you.
I saw an advertisement on television this morning, which pointed to the website, Start-Up NY.
NEW YORK IS TAKING CARE OF BUSINESS
There’s a new advantage to doing business in New York. A big one. START-UP NY, Governor Cuomo’s groundbreaking initiative, is creating tax-free zones across the state for new and expanding businesses. Now businesses can operate 100% tax-free for 10 years. No business, corporate, state or local taxes, sales and property taxes, or franchise fees.
You can follow the link to see the rest of the website.
So, Governor Cuomo wants businesses to start up in the Empire State, and is promising them no business, corporate, state, local, sales or property taxes for ten years. What happens after ten years. CNN Money noted, in 2012, that New York had the nation’s highest tax burden, and rated the Empire State as 50th in the nation — that’s worst, folks! — to do business. And the Democrats in New York City want to increase that burden.
Now, to be fair, Governor Cuomo is starting to realize that high taxes are business killers, and has called for a two-year property tax freeze, but, in the end, taxes will continue to go up for as long as the Democrats control New York and think that they can squeeze just a bit more out of productive people.
Now, not every potential entrepreneur has the luxury of starting a business anywhere he wants; most are small business propositions, and have to be made close to the entrepreneur’s home. But the real answer for New York is staring them right in the face, in the state which supplanted them as the second largest, by population, a few years ago, the Lone Star State of Texas. Texans pay 7.9% of their income on state and local taxes, compared with 9.9% as the national average, and CNBC ranked it as second best in the nation for doing business.
Low taxes, and a state government that welcomes businesses, rather than just seeing them as a milch cow for money. That’s why Texas is growing! The Democrats actually do realize that — at least, some of them do — and thus we have Governor Cuomo’s rather pathetic attempt to spur investment: “Hey, there, we’ll give you tax cuts for ten years, but then, watch out!”