FYI
2017 Personal Income Tax in New Mexico for couples is $768 + 4.9% on
taxable income over $32, 650 along with 8.3125% Gross Receipts Tax in
Santa Fe City and a Governor sworn to not raise taxes. GRT is applied to
goods (not groceries) and some services with a myriad of exemptions and
deductions that the legislature would like to clean up. Candy and soda
are untaxed groceries for GRT purposes!
Apparently, Amazon *has* agreed to collect GRT in NM as they do for
states where they have a presence. No news on details of the agreement.
Just for grins, tried to order a $400 Onkyo Receiver - a $0.61 tax was
applied while a $560 diamond pendant necklace was $0.00 estimated tax -
so may be it starts gradually depending on the goods. Certainly seems
like a revenue opportunity here and/or more to the story.
Robert C
On 5/7/17 2:06 PM, Marcus Daniels wrote:
Gross receipts is one thing. Who would build the database of UPC
codes that are instances of the taxed class (a small subset of gross
receipts)? Maybe other cities have built those databases? I am
skeptical the city would be able to maintain such a thing.
Compliance and enforcement would seem a challenge.
*From:*Friam [mailto:friam-boun...@redfish.com] *On Behalf Of *Robert
J. Cordingley
*Sent:* Sunday, May 07, 2017 1:50 PM
*To:* The Friday Morning Applied Complexity Coffee Group
<friam@redfish.com>
*Subject:* Re: [FRIAM] Whew!
Taxes bypassed? Probably not so. See
https://www.abqjournal.com/962831/amazon-to-start-collecting-taxes-in-new-mexico.html
Robert C
On 5/7/17 10:49 AM, Marcus Daniels wrote:
With Amazon Prime, this is all irrelevant. Click and ship what
you want and such taxes will be bypassed. Further, Amazon’s
distribution costs will be lower than going through a local
distributor anyway. Stupid to build a tax base on an business
model that is obsolete.
*From:*Friam [mailto:friam-boun...@redfish.com] *On Behalf Of
*Owen Densmore
*Sent:* Sunday, May 07, 2017 10:37 AM
*To:* The Friday Morning Applied Complexity Coffee Group
<friam@redfish.com> <mailto:friam@redfish.com>
*Subject:* Re: [FRIAM] Whew!
Ya gotta love the City Different:
Inline image 1
The small print:
Inline image 2
On Sat, May 6, 2017 at 11:37 AM, Robert J. Cordingley
<rob...@cirrillian.com <mailto:rob...@cirrillian.com>> wrote:
Let me throw some things into this mix
Some estimates (SFNewMexican
<http://www.santafenewmexican.com/news/local_news/voters-smack-down-mayor-s-beverage-tax-proposal/article_3971faf0-2f9c-11e7-8374-532a52cd354f.html>)
suggest in total over $3.12 million was spent by both sides on
the campaign while the expected cost of the Pre-K to be funded
was $7.7million in the first year. Subsequent years ought to
be less because facilities would already be in place.
Some roughly 800 Pre-Ks (4 yr olds) would be included. That's
~$9,000/yr per child which sounds like a good deal based on
Frank's numbers. Pre-K <> child-care btw. Some 160
teachers+assistants+extended care providers would be needed to
run a 5 day program for 40 classes of 20 students each (2
teachers/class + 2 for extended day care).
The Santa Fe Public Schools are expected to expand their free
(to parents) Pre-K programs
<http://www.sfps.info/cms/One.aspx?portalId=115105&pageId=150523>
subject to legislative funding but I don't know details of
when, probably never 'cos NM State budget is at an impasse.
A possible but unconfirmed motivation for the Mayor's proposal
was to get to a point where Pre-K would be indispensable and
thus get sustainable funding and not have to depend on
hopefully declining soda tax revenues.
According to the New Mexican again
<http://www.santafenewmexican.com/news/local_news/half-truths-falsehoods-create-confusion-in-soda-tax-fight/article_68ac5a30-7159-5a1d-913a-a625dfa36e8d.html>,
lemonade powder would be taxed on the made up quantity
changing the price from something like $7/can to $28/can - bad
'optics'.
Some claimed tourists might be big contributors to the
soda-tax revenues anyway.
Some people suggested they would buy sugary drinks in order to
support Pre-K.
Others suggested the beverage industry ('Big Soda') could not
stand the idea that the soda-tax would be a seen as sin-tax
and are trying desperately not to get it labelled as such.
No-one on the for side in the campaign I saw made any
suggestions on what folks should switch to to avoid the tax,
e.g. flavored water, water, plain teas and coffees. The last
being more profitable for businesses.
Based on district voting the people most likely to benefit
health wise voted against it. Sound familiar?
It's claimed the for side didn't play up the health benefits
enough in their campaign and that Big Soda came over as the
local group while the the for side came over as elitist and
out of state.
If passed, lookout for Soda stands outside the city limits.
So it all looks a little silly. I support both ideas tho'
living in the county I couldn't vote.
The questions remain: how to fund Pre-K and how to cut
consumption of unhealthy sugary drinks? The against side said
it should be funded from the 'surplus' the city has but there
are legal restrictions on those funds apparently. The city has
it's own component of Gross Receipts Tax (which is like a
Sales Tax but applied more broadly).
So what's the real problem and how do we fix it? The mayor is
still looking for good ideas.
Robert C
On 5/3/17 9:43 PM, Marcus Daniels wrote:
< $13-16k per year is a huge number. Does this include
"child care" .. i.e. taking care of the child for working
parents? That is a lot more expensive than "pre-school".>
Doggy day care is about half that. If a dog has the
intelligence of a 2 year old, and pre-K child is 4, then a
linear extrapolation to an 18 year freshman’s day care
(tuition) is about $63k a year. Must be the complexity of
the control system that is required!
Marcus
============================================================
FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
to unsubscribehttp://redfish.com/mailman/listinfo/friam_redfish.com
FRIAM-COMIChttp://friam-comic.blogspot.com/ by Dr. Strangelove
--
Cirrillian
Web Design & Development
Santa Fe, NM
http://cirrillian.com
281-989-6272 <tel:%28281%29%20989-6272> (cell)
============================================================
FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
to unsubscribe
http://redfish.com/mailman/listinfo/friam_redfish.com
FRIAM-COMIC http://friam-comic.blogspot.com/ by Dr. Strangelove
============================================================
FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
to unsubscribehttp://redfish.com/mailman/listinfo/friam_redfish.com
FRIAM-COMIChttp://friam-comic.blogspot.com/ by Dr. Strangelove
--
Cirrillian
Web Design & Development
Santa Fe, NM
http://cirrillian.com
281-989-6272 (cell)
============================================================
FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com
FRIAM-COMIC http://friam-comic.blogspot.com/ by Dr. Strangelove
--
Cirrillian
Web Design & Development
Santa Fe, NM
http://cirrillian.com
281-989-6272 (cell)
============================================================
FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com
FRIAM-COMIC http://friam-comic.blogspot.com/ by Dr. Strangelove
