(December 11, 2014 at 9:11 pm)Heywood Wrote: From what I understand the tax credits are in the form of a rebate. For instance suppose the ark park remits 1 million dollars in sales tax to the state, the state rebates back to the park $250,000 or some scheme like that. This isn't a case of the state handing out money to get the thing built. This is a case of the state effectively lowering its tax rate for this park so that the business plan becomes more tenable in the hope that it gets built. If this thing doesn't get built because the state decided not to issue these credits....the action actually costs the state sales tax revenue.
Making a business cheaper by reducing it's taxes is a subsidy whether it's given at the front end or the back end.
(December 11, 2014 at 9:11 pm)Heywood Wrote: Noah didn't have to deal with OSHA requirements, environmental studies, building permits, labor unions, workers comp insurance, etc.
Ha Ha Ha. Why would he need employees? Noah did it all himself I don't think you need a building permit for a boat either come to think of it. But I understand why he's not building it on water. Given the least wind, it would sink. It's not a sea worthy design.
If there is a god, I want to believe that there is a god. If there is not a god, I want to believe that there is no god.
