Adieu, Northwest Territorial Mint - We hardly knew ye...
Posted by Scott "The Piper" St. Clair - August 19, 2009So, I'm looking around for election returns last evening and I run across this story on the KING 5 Web site that tells how a $200 million dollar a year company is pulling up local stakes and moving to Nevada because it's being taxed to death. Be sure and watch the video clip of the news story.
Northwest Territorial Mint makes all kinds of commemorative coins and other products. It employs
150 people in family-wage jobs that feature paid vacations and health care benefits. Those jobs are now leaving Washington state because the company says the one to two million dollars a year it now pays in taxes that it used to not have to pay make doing business in the state an unsustainable proposition. So it's on to Nevada...
150 people in family-wage jobs that feature paid vacations and health care benefits. Those jobs are now leaving Washington state because the company says the one to two million dollars a year it now pays in taxes that it used to not have to pay make doing business in the state an unsustainable proposition. So it's on to Nevada...About half the company's workforce will move with it - ya dance wit' the one what brung ya. But the other half, for their own reasons, won't make the move. What will become of them? Or is that a dumb question?
The Washington State Department of Revenue doesn't even break a sweat over this. Claiming that there is no exodus of businesses in the state, it also claims that Washington is still a good place to do business. Uh huh...if you're in the bankruptcy and liquidation business, that is. Revenue's only response is to insist that businesses need to pay their taxes because the state budget is out of balance. Gross...
Counted all the shuttered businesses in your community lately?
The Piper
Thoughts? Add Comment -
Paul Stone said on Aug 19 2009 at 6:16pm
Oops
You mispelled a word.
Claiming that their is no exodus of businesses in the state, it also claims that Washington is still a good place to do business
It should be "Claiming that there.." not "Claiming that their..."
Just thought I would mention it.
DR in Seattle said on Aug 19 2009 at 9:08pm
Houses are so much cheaper there. I would go in a flash given the opportunity. Oh wait....Harry Reid...hmm I have to think about it
John Chittick said on Aug 21 2009 at 3:37pm
Maybe when Boeing packs up and moves out, people will notice. Meanwhile She is still in denial: "We...do not have a deficit....We..do not have a deficit..We.. do not have a deficit..We....."