advertisement
Forums

The Forum is sponsored by 
 

AAPL stock: Click Here

You are currently viewing the Tips and Deals forum
Amazon building in Texas
Posted by: samintx
Date: September 15, 2020 06:58AM
At Forney, outside Dallas, mega distribution center. Want a job?
Options:  Reply • Quote
Re: Amazon building in Texas
Posted by: MrNoBody
Date: September 15, 2020 07:33AM
imo, Texans should be concerned how much $$$ in tax breaks they're giving to
Bezos to get this facility.

In 2018, Dallas City Council shelled out $2-Million in 'incentives' for one facility!



39°36'17"N 75°44'43"W

The search engine that doesn't track you.

Options:  Reply • Quote
Re: Amazon building in Texas
Posted by: NewtonMP2100
Date: September 15, 2020 08:21AM
....everything is bigger....in Texas......



_____________________________________

I reject your reality and substitute my own!
Options:  Reply • Quote
Re: Amazon building in Texas
Posted by: jdc
Date: September 15, 2020 10:51AM
We have one going in close to where I am now....but not sure what qualifies as "mega" vs "local" vs "regoinal".

Its a custom buiult warehouse, and looks like it has some special loading docks, maybe for the vans they use.

But on the whole, its not any bigger/smaller than some of the other warehouses on the block.



----


Edited 999 time(s). Last edit at 12:08PM by jdc.
Options:  Reply • Quote
Re: Amazon building in Texas
Posted by: cbelt3
Date: September 15, 2020 02:31PM
Amazon has been buying up and replacing defunct malls in NE Ohio for a few years now. Even if they get property tax exemptions, it's not like the properties were paying any taxes anyway.
Options:  Reply • Quote
Re: Amazon building in Texas
Posted by: bobinmurphy
Date: September 15, 2020 03:47PM
Quote
MrNoBody
imo, Texans should be concerned how much $$$ in tax breaks they're giving to
Bezos to get this facility.

In 2018, Dallas City Council shelled out $2-Million in 'incentives' for one facility!

We don't have an individual income tax in Texas, only a statewide sales tax on most things other than food. (Even that is suspended for a short period in the Fall to help families purchase what they need for kids going back to school.) Most of the revenue the State gets to operate comes from business taxes, and giving incentives to encourage businesses to expand or relocate to Texas pays off in the longer run.

Oh, we do have property taxes but compared to many parts of the country they're fairly reasonable. And to offset them we get a Homestead Exemption on our primary residence and those over 65 generally have their property taxes pretty much frozen.



Edited 1 time(s). Last edit at 09/15/2020 03:51PM by bobinmurphy.
Options:  Reply • Quote
Re: Amazon building in Texas
Posted by: JoeH
Date: September 16, 2020 10:20AM
Quote

Oh, we do have property taxes but compared to many parts of the country they're fairly reasonable.

The average effective property tax rate for Texas is rated 6th highest in the nation, a higher rate than I pay in MA. I will have to remember that when people complain ours is too high. One of the things my stepmother's brother complained about when UPS transferred him to TX for a while, he moved back to New England after he retired.
Options:  Reply • Quote
Sorry, only registered users may post in this forum.

Click here to login

Online Users

Guests: 165
Record Number of Users: 186 on February 20, 2020
Record Number of Guests: 5122 on October 03, 2020