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BosstonesOwn
join:2002-12-15
Everett, MA
clubs:
 ·Comcast
| Re: Find someone better? It's not that easy.
The cable companies don't pay this tax ! Why should verizon !
I dread the day I voted for Deval Patrick. This dumb ass and mumbles are driving our state and area into the ground.
You can't afford to breathe around here before they tax you.
These taxes and the must have health insurance is a joke. My pay don't increase to help me with this must have crap. If I am barely getting by on my checks as it is now in this hell hole how will I get by when the "fine" me for not having health care?
I want to know why comcast isn't getting hit and why every company using those poles aren't.
You can't only tax the big guys , it has to be fair.
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"It's always funny until someone gets hurt......and then it's absolutely friggin' hysterical!" | |
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marigolds
Gainfully employed, finally
Premium,MVM
join:2002-05-13
Saint Louis, MO
| Re: Find someone better? said by BosstonesOwn  :It's not that easy. The cable companies don't pay this tax ! Why should verizon I want to know why comcast isn't getting hit and why every company using those poles aren't. It looks like the loophole only applies to telephone companies, not to cable companies or utility companies.
So yes, cable companies would already be paying the tax. The other utility companies are definitely already paying the property tax.
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| | BosstonesOwn
join:2002-12-15
Everett, MA
clubs:
·Comcast
| Re: Find someone better? Nope read it again.
Some utilities and some cable co's pay. But some are not paying.
So make it even or don't tax on it.
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"It's always funny until someone gets hurt......and then it's absolutely friggin' hysterical!" | |
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marigolds
Gainfully employed, finally
Premium,MVM
join:2002-05-13
Saint Louis, MO
| Re: Find someone better? said by BosstonesOwn :Nope read it again. Some utilities and some cable co's pay. But some are not paying. So make it even or don't tax on it. I think the idea is to make it even by completely removing the exemption for everyone. Which means that phone companies would get socked the worst since they are taking the most advantage of the current loophole.
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ISCABBS - the oldest and largest BBS on the Internet
telnet://bbs.iscabbs.com
Professional Geographer
Geographic Information Science researcher | |
| |
marigolds
Gainfully employed, finally
Premium,MVM
join:2002-05-13
Saint Louis, MO
| said by marigolds :said by BosstonesOwn :It's not that easy. The cable companies don't pay this tax ! Why should verizon I want to know why comcast isn't getting hit and why every company using those poles aren't. It looks like the loophole only applies to telephone companies, not to cable companies or utility companies. So yes, cable companies would already be paying the tax. The other utility companies are definitely already paying the property tax. After doing some checking up, the loophole definitely applies only to telephone companies. In a court case involving RCN, RCN was denied the ability to use the property tax loophole.
But... a cable company can transfer their assets to the right type of company and claim the loophole. In their case though, the loophole applies only on overhead wires over public roads (not wires over private roads) and they must carry at least one phone call. For phone companies, the exemption can apply to a much wider range of property (as demonstrated below). Other companies get the exemption on the wires, telephone companies get the exemption on wires, poles, and related machinery.
In response, Verizon, MCI, Sprint, and AT&T transfered all of their Massachusetts real property to qualifying "telephone and telegraph" companies. In Verizon's case, they transferred all of their physical assets to a Bermuda-based telephone and telegram company and reduced it's property tax bill from $3 million to $9,307. Sprint transferred its real property including all of its telecommunications switchs in Massachusetts to two Delaware based paper company that qualifies under the law.
There are other companies that also receive the exemption: banks, certain manufacturers, and software companies.
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ISCABBS - the oldest and largest BBS on the Internet
telnet://bbs.iscabbs.com
Professional Geographer
Geographic Information Science researcher | |
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