Carrier closes Indianapolis factory laying off 1,400

Being a former Hoosier, the news hurt. Indiana just lost 2,100 jobs to Mexico. So I did some research. Carrier is part of United Technologies, a 'yuge' government contractor, military contractor. with next sales of $58 billion dollars. As listed online at www.utc/news, last years federal income tax liability for continuing operations was ...$2.111 billion. However, Discontinued operations yielded $2.684 billion in tax benefits.

So shutting down operations created tax credits for UTC.

The portion of the parent company, called Otis, which includes Carrier had $12 billion in sales last year and $2.338 billion in operating profit with a profit margin of 19.9%, adjusted.

So, tell me carefully, how 2,100 jobs paying $30,000 to $50,000 per year will make a difference to a $58 billion dollar a year international corporation?

Well it seems, there will be tax credits for shutting down operations. There will be expenses, tax deductable , to be paid. There will be start up costs, tax deductible.

The savings in wages over a year, if the new workers in Mexico are paid nothing, would be less than .001% of all sales. [The correct figure is ... 1/58,000 ...]But, tax benefits of the additional expenses would be 8.6% of sales.
So the workers, through their payroll taxes, are financing the move. And, so are you.

The move has nothing to do with 'taxes' as a penalty as the net taxes for UTC seem to be a negative $584 million last year.

Bottom line, the move does benefit the company because our tax codes finance the move.

Hall County

Unable to work out a schedule with Hall County officials. Just bad timing.

I have seen several Hall County vehicles traveling around my area. Pick up trucks usually. Usually two people. Well dressed.

Maybe property assessors ... Hmm.

Hall County tax cheats

Trying to meet with Hall County officials on Wednesday.

I'm a bit scared.

Tax Cheats in Hall County

No reply from anyone in Hall County government about my allegations of tax fraud.

Am I nuts?

Hall County Tax Cheats

On the topic of tax fraud in Hall County, I sent the following email this morning.

Good morning Mr. Watson,

I hope all is well with you.

What can you share with me about the property at Blank Road?

Is it indeed a bona vide and economically viable family farm, over valued for tax purposes due to residential development? Does this over valuation of the land threaten the farm? Is this farm and its family in need of protection through tax reductions?

Perhaps, you can quickly answer these questions.

Is it covered by a conservation covenant?

If so, why?

Are there, as I have been told, numerous little redneck mansions disguised as 'family farms' under conservation covenant in Hall County?

Sincerely,

MIchael W. Parker

The property in question is a four bedroom or eight bedroom home with a basketball court, a guest house, detached screened in room with bed and bath, on ten acres ... built in 2006 and sold for $765,000.

I have been told that Hall County employees 'look the other way' on this issues.

We will see.