The disney insanity continues

#1,301
#1,301
RockyTop85 said:
They paid 780M last year in taxes per Reuters.
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So what? What did they pay for their infrastructure that the local counties will now have to provide? I guarantee that Disney will wish they were paying the employees to service those utilities than government employees with their pensions and generous benefits.
 
#1,302
#1,302
MurphyVol said:
No they won't. Everyone's taxes will rise to make up what Disney was paying. The county can't assess a special tax on Disney to make up for what Disney currently pays for it's own infrastructure.
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Can it not? I pay different levels on my federal for going over certain numbers.
 
#1,303
#1,303
RockyTop85 said:
They paid 780M last year in taxes per Reuters.
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In local FLA taxes?
I still say it is net zero game. Disney did not offer all those services for free. So same services, just different provider. Who knows what their taxes will look like after.
Now I would say Disney can better economically appropriate the services compared to a public sector. If we want to go down the with every city in nation it would be a good thing IMO
 
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#1,304
VolStrom said:
So what? What did they pay for their infrastructure that the local counties will now have to provide? I guarantee that Disney will wish they were paying the employees to service those utilities than government employees with their pensions and generous benefits.
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They paid $100 million for their infrastructure
 
#1,306
#1,306
MurphyVol said:
No they won't. Everyone's taxes will rise to make up what Disney was paying. The county can't assess a special tax on Disney to make up for what Disney currently pays for it's own infrastructure.
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Who said anything about a special tax? Will they or not pay more in taxes now that their exemption has been removed?
 
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#1,309
allvol123 said:
Can it not? I pay different levels on my federal for going over certain numbers.
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Never heard of a targeted property tax in a county. I'm not say it's impossible, but every real estate deal I've seen has the same millage rate county wide and then your district's add-ons.

Even if they could, it's a wash to the way it is now and the $1bil in debt would still be transfered over to the county.
 
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#1,310
#1,310
VolStrom said:
So what? What did they pay for their infrastructure that the local counties will now have to provide? I guarantee that Disney will wish they were paying the employees to service those utilities than government employees with their pensions and generous benefits.
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They paid for all that as well but didn't use it
 
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#1,312
Orangeburst said:
In local FLA taxes?
I still say it is net zero game. Disney did not offer all those services for free. So same services, just different provider. Who knows what their taxes will look like after.
Now I would say Disney can better economically appropriate the services compared to a public sector. If we want to go down the with every city in nation it would be a good thing IMO
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Yes. Local taxes.

Factbox: What is the special tax designation Disney might lose?

I still don’t think you can just raise taxes on an individual business like that. Florida has a tax code that defines how property taxes are calculated. Disney sued over miscalculation of their taxes and got a 7M judgment a few years ago because the method used to calculate their taxes didn’t comport with state law.

They pay Florida’s 7% sales tax and the article says there’s a tourism tax on hotels around Orlando. I guess they could try to raise that, but the non-Disney hotels will still be taking that one on the nose.

The idea that you just slide the Disney lever up to pay for this seems to be wishcasting by people who know this is wrong but are unwilling to admit it.
 
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#1,313
#1,313
Orangeburst said:
Who said anything about a special tax? Will they or not pay more in taxes now that their exemption has been removed?
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They don't have any exemption.

They will pay the same. They just won't have to pay for their infrastructure out if pocket any longer.

They would ultimately pay $100 mil less than they currently are
 
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#1,315
MurphyVol said:
Never heard of a targeted property tax in a county. I'm not say it's impossible, but every real estate deal I've seen has the same millage rate county wide and then your district's add-ons.

Even if they could, it's a wash to the way it is now and the $1bil in debt would still be transfered over to the county.
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I just have no constraints in my belief that a government can’t find a way to get a tax if they want it.

So Desantis wanted to punish Disney. I’m being led to believe he punished the citizens of the 2 counties. So either you’re wrong. Or Desantis didn’t understand what he was doing. Or he did understand and was confident he could get it covered as punishing Disney, even though it isn’t.
 
#1,318
#1,318
The original law passed by Fl did not in any way effect Disney. It may have hurt the feelings of Disney employees, but it did not have any material effect on the Disney corporation. When the Disney corporation and its leadership weighed in on the political issues involved in passed bill to appease their employees, they opened themselves up to renunciation from both investors and potential customers. There was no reason for Disney to do this other than to pander to their employees that appear to be on the wrong side of this issue to a lot of people that they supposedly covet as customers.

Disney could have simply issued a short statement on the new law and moved on. Instead, Disney appeared to double down. At some point as a company, you have to listen to your employees, but you cannot run your business model based on the unwarranted emotional demands of employees. Disney will either have a change in leadership or they will end up paying much higher taxes in the long run to offset any debt that the counties incur. Either way, this is a lose-lose for Disney. They have already alienated a portion of their consumer base and they are losing a political battle that they should have never involved themselves in.
 
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#1,321
#1,321
MurphyVol said:
They don't have any exemption.

They will pay the same. They just won't have to pay for their infrastructure out if pocket any longer.

They would ultimately pay $100 mil less than they currently are
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Does local govt have to pay for their special infrastructure? Or will it just be whatever their taxes pay for that any other business would receive?

If they were paying 100 million in infrastructure "taxes", then they should still be paying that 100 million in taxes. This is what I was looking for earlier. My understanding is they will no longer be paying separately for their own services as those were not paid as taxes. Disney may pay less themselves since they no longer contract their own services, but it won't be less to the local govt.
 
#1,322
#1,322
825VOL said:
The original law passed by Fl did not in any way effect Disney. It may have hurt the feelings of Disney employees, but it did not have any material effect on the Disney corporation. When the Disney corporation and its leadership weighed in on the political issues involved in passed bill to appease their employees, they opened themselves up to renunciation from both investors and potential customers. There was no reason for Disney to do this other than to pander to their employees that appear to be on the wrong side of this issue to a lot of people that they supposedly covet as customers.

Disney could have simply issued a short statement on the new law and moved on. Instead, Disney appeared to double down. At some point as a company, you have to listen to your employees, but you cannot run your business model based on the unwarranted emotional demands of employees. Disney will either have a change in leadership or they will end up paying much higher taxes in the long run to offset any debt that the counties incur. Either way, this is a lose-lose for Disney. They have already alienated a portion of their consumer base and they are losing a political battle that they should have never involved themselves in.
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Disney stood up for its employees. It was then targeted by the state govt. You feel that was appropriate?
 
#1,323
#1,323
utvolpj said:
Big govt and its fans
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You think corporations who are able to interject themselves into the legislative process via lobbyists makes the government smaller? Is that good for free markets?

Disney played politics and got slapped by politics by having special priveleges revoked. Is it overreach? Probably. I'm not really a fan of it, but I don't look at this as a helpless citizen having his rights trampled under the iron heel of an oppressive government.
 
#1,325
#1,325
SamRebel35 said:
You think corporations who are able to interject themselves into the legislative process via lobbyists makes the government smaller? Is that good for free markets?

Disney played politics and got slapped by politics by having special priveleges revoked. Is it overreach? Probably. I'm not really a fan of it, but I don't look at this as a helpless citizen being trampled under the iron heel of an overbearing government.
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Likely because you've shown you have no clue what the 1st amendment does. Citizens have the right to petition their govt right?
 
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