- Joined
- Jan 19, 2018
Re: state business taxes, this was interesting:
From https://www.nolo.com/legal-encyclopedia/connecticut-state-business-income-tax.html
"Currently, six states – Nevada, Ohio, South Dakota, Texas, Washington, and Wyoming – do not have a corporate income tax. However, four of those states – Nevada, Ohio, Texas, and Washington – do have some form of gross receipts tax on corporations. Moreover, five of those states – Nevada, South Dakota, Texas, Washington, and Wyoming – as well as Alaska and Florida currently have no personal income tax. Individuals in New Hampshire and Tennessee are only taxed on interest and dividend income."
From 2006:
"Yesterday Texas joined a growing list of states with gross receipt style taxes when Governor Perry signed into law a new franchise tax to comply with a court mandate to improve education funding. The updated franchise tax levies a 1 percent tax on the gross receipts of businesses in Texas (retailers pay a .5 percent rate), but exempts sole proprietorships and general partnerships. Businesses can elect to deduct either the cost of goods sold or employment costs. See story here.
Texas joins the group of states with similar style taxes that includes Michigan’s Single Business Tax (SBT), Washington’s Business and Occupations Tax (B&O) and the newly enacted Ohio Corporate Activity Tax (CAT)."
Haven't been able to find what the gross receipts tax looks like in 2018, but if I understand that last bit, Phil, as a sole proprietor, would have been exempt from the corporate tax. So no corporate tax, no personal income tax, and a cost of living that is significantly lower.
You can also click on the + button (4th from the right) to get access to spoiler tags. It will also pop up a dialog that allows you to enter a title (what shows up on the spoiler button). This is what I use for my long-ass rundowns.
Edit: Looks like Texas might not even have that anymore, but Phil wouldn't have been paying it anyway:
https://www.houstonchronicle.com/bu...rticle/Texas-makes-mess-of-taxes-11142629.php
"Lawmakers have raised the basic exemption to $1 million, which means only 6 percent of businesses actually have to pay the tax. Yet 100 percent of businesses have to calculate the tax and file a form."
So basically, Phil would have had no personal income tax, no corporate tax, and the aforementioned lower cost of living (unless he was stupid enough to go into the heart of one of the bigger cities). Utilities are low as well, although somewhat spotty. And if he was in the right suburb of Austin, he could have access to Google Fiber.
Of course, if he thinks 80-90 degrees for 2 days is a "heat wave", he would need to break out an l-shaped fainting couch for the swamp-ass of Texas.
In short, holy shit is he dumb.
From https://www.nolo.com/legal-encyclopedia/connecticut-state-business-income-tax.html
"Currently, six states – Nevada, Ohio, South Dakota, Texas, Washington, and Wyoming – do not have a corporate income tax. However, four of those states – Nevada, Ohio, Texas, and Washington – do have some form of gross receipts tax on corporations. Moreover, five of those states – Nevada, South Dakota, Texas, Washington, and Wyoming – as well as Alaska and Florida currently have no personal income tax. Individuals in New Hampshire and Tennessee are only taxed on interest and dividend income."
From 2006:
"Yesterday Texas joined a growing list of states with gross receipt style taxes when Governor Perry signed into law a new franchise tax to comply with a court mandate to improve education funding. The updated franchise tax levies a 1 percent tax on the gross receipts of businesses in Texas (retailers pay a .5 percent rate), but exempts sole proprietorships and general partnerships. Businesses can elect to deduct either the cost of goods sold or employment costs. See story here.
Texas joins the group of states with similar style taxes that includes Michigan’s Single Business Tax (SBT), Washington’s Business and Occupations Tax (B&O) and the newly enacted Ohio Corporate Activity Tax (CAT)."
Haven't been able to find what the gross receipts tax looks like in 2018, but if I understand that last bit, Phil, as a sole proprietor, would have been exempt from the corporate tax. So no corporate tax, no personal income tax, and a cost of living that is significantly lower.
There's no Mod to help, but you just do [SPOILER (with a right bracket closing it), then =, and then "s around the title of the spoilers ("like this"), with [/SPOILER] at the end. It's in the "Help" section under "BB Codes". It took me a while to get down, too[/SPOILER]
You can also click on the + button (4th from the right) to get access to spoiler tags. It will also pop up a dialog that allows you to enter a title (what shows up on the spoiler button). This is what I use for my long-ass rundowns.
Edit: Looks like Texas might not even have that anymore, but Phil wouldn't have been paying it anyway:
https://www.houstonchronicle.com/bu...rticle/Texas-makes-mess-of-taxes-11142629.php
"Lawmakers have raised the basic exemption to $1 million, which means only 6 percent of businesses actually have to pay the tax. Yet 100 percent of businesses have to calculate the tax and file a form."
So basically, Phil would have had no personal income tax, no corporate tax, and the aforementioned lower cost of living (unless he was stupid enough to go into the heart of one of the bigger cities). Utilities are low as well, although somewhat spotty. And if he was in the right suburb of Austin, he could have access to Google Fiber.
Of course, if he thinks 80-90 degrees for 2 days is a "heat wave", he would need to break out an l-shaped fainting couch for the swamp-ass of Texas.
In short, holy shit is he dumb.
Last edited:
Phil's mic drivers die because he's still using Windows 8 or some shit and won't upgrade to 10 (which, while it has issues, is legitimately a much better OS). He's having to restart his computer and is saying that he can't connect to a server on whichever console he's using. All with ~150 people in his chat.
