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

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

> Roy Schestowitz wrote:
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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.
>> `----
> 
> 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.

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

- -- 
		~~ Best of wishes


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