Re: Reduce city sales tax
Originally Posted by
ChristianConservative
. . . . When I decided to start an oil company here, the city didn't come running to me with incentives.
Googling "Oil Industry Subsidies" returns 2450 hits. You might want to check out a few, you may be missing out on some goodies.
Originally Posted by
ChristianConservative
. . . . I think it's time that we consider reducing our city sales tax. Compare to many other cities our size, we have a much higher sales tax. National average trends around 6%. We're at 8.375%. This is a huge turn off to businesses.
Here is a link to all state sales taxes and Oklahoma at 4.5% is in the middle of the pack.
State Sales Tax Rates
At 3.875% Local Tax Rate, 8.375% Total, OKC is in the upper range of the cities I checked out. Here is how it breaks down as exerpted from dustbury.com
"(For comparison, the Oklahoma City sales tax is apportioned as follows: two cents, general expenditures; one cent, MAPS for Kids [expires 1/2009]; 0.75 cent, earmarked for public safety; 0.125 cent, Oklahoma City Zoo. Including the 4.5-cent state sales tax, this comes to 8.375 cents, unless you're in the part of the city that extends into Canadian County, which levies a 0.35-cent sales tax of its own. Tulsa County has a 1.017-cent sales tax; Oklahoma County has no sales tax.)"
I personally think your argument is lame CC. But that's just my opinion.
The Old Downtown Guy
It will take decades for Oklahoma City's
downtown core to regain its lost gritty,
dynamic urban character, but it's exciting
to observe and participate in the transformation.
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