Stadler Rail head rakes in $1 billion-plus in Swiss IPO; company still set to get $20 million in Utah tax breaks

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  • Weston Jurney West Jordan, UT
    April 16, 2019 9:21 a.m.

    @ Fullypresent : I agree with you except about the poor. Most poor people pay more of their total income in taxes than more prosperous people. There are more taxes than just on income, after all. Poor people still pay sales, gas, property, excise, and other taxes, even if they pay no income taxes. A person working full time and making minimum wage may pay as much as 20% of his or her income in taxes. Meanwhile, a Huntsman, Redford, or Romney, probably pays around 10%.

  • Nichol Draper West Jordan, UT
    April 16, 2019 4:35 a.m.

    In case you haven't run the numbers, tax breaks are not give aways. Government taxes are high and getting a 10% break doesn't mean a company pays no taxes. They will pay 7.5% of the salary for every employee even when people claim that they pay "no taxes." I remember being assessed $150 property taxes on a old computer my brother and I had left in a closet because it no longer worked. We had to search for it and throw it away because the city of Provo considered a computer's lifespan to be 8 years when they were of no value after 3 years. Having companies avoid taxes on so called assets is really because our taxes are so high for companies already. Don't be so ignorant that you drive businesses out. Just look at what AOC did in New York, she lost 27 billion in tax revenue to claim a victory in disallowing a 3 billion tax break.

  • Fullypresent Salt Lake City, UT
    April 13, 2019 3:40 p.m.

    This is part of what is wrong with out state and country. You have companies and corporations making billions of dollars in profit but they still expect a tax deal. Ultimate arrogance. Look how many corporations paid "0" federal taxes this past year due to the new federal tax law who are making billions and billions of dollars. Then the state turns around and does the same thing for them - minimal taxes.

    Everyone needs to pay their fair share of taxes, whoever it is. Don't dump it all on the middle class to carry the poor, the wealthy, and the corporations.

  • Impartial7 DRAPER, UT
    April 12, 2019 9:09 p.m.

    Another Utah "Free market solution". Using Utah taxpayer dollars to bribe billion dollar corporations to do business in Utah. Sounds a little Socialistic and "government picking winners".