rent seeking behavior -the final frontier
Tuesday July 10 10:11 AM EDT L.A. County Targets Satellites in Out-of-This-World Tax Plan By NANCY VOGEL, TIMES STAFF WRITER SACRAMENTO -- Los Angeles County officials, realizing that there is no tax collector in outer space, hope to fill the void. Reaching 22,300 miles above the equator, boldly going where no tax collector has gone before, Los Angeles County Assessor Rick Auerbach is angling to impose property taxes on several satellites. Though never done before in California, the move is legal, say state and county tax attorneys. That's because, they say, nobody else is taxing the satellites and they are valuable property owned by a Los Angeles County-based company. Worth as much as $100 million each to Hughes Electronics in El Segundo, the satellites could bring in millions of dollars a year in taxes to schools and government. http://dailynews.yahoo.com/h/latimes/20010710/lo/l_a_county_targets_satellit...
Dynamite Bob <dbob@semtex.com> wrote:
Los Angeles County Assessor Rick Auerbach is angling to impose property taxes on several satellites.
A friend of mine would be willing to pay $15000 to anyone who could accurately predict the day of Mr. Auerbach's demise. Oh, wait. No digital cash, no AP. No anonymity, no AP. Damnit. (To LEOs reading this: this is a _joke_. It is supposed to be a tounge-in-cheek reference to a paper with which I am certain you are familiar---well, unless you are the damn troll who keeps posting "HoW D0 I m@k3 Bombzzzz" messages, in which case, I don't expect you to have any clue at all. In any case, if I had $15000, I'd be paying bills right now.) -- Riad Wahby rsw@mit.edu MIT VI-2/A 2002 5105
participants (2)
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Dynamite Bob
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Riad S. Wahby