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  1. #1
    NodakPaul's Avatar
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    Vikings Stadium Financing Plan 'B' Announced

    Governor Dayton Announces "Secret Plan" To Fill Void in Stadium Fundraising | Vikings Blog - KFAN Sports Radio FM 100.3 - The Fan

    The plan-b option will pin a one-time warehouse stocking fee for cigarettes. If the tax hike is approved it would push tax on a pack of cigarettes to $2.52 per pack (same as Wisconsin) and is projected to raise $24.5 million this year to cover the void in the original funding plan.
    Zeus wrote:
    When are you going to realize that picking out the 20 bad throws this year and ignoring the 300 good ones does not make your point?

    =Z=

  2. #2
    jmcdon00's Avatar
    jmcdon00 is offline Jersey Retired Snake Champion, Moto Trial Fest 2: Mountain Pack Champion, LL City Truck 2 Champion, Arithmetic sequence Champion, Troops Tower Defense Champion
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    A one time warehouse stocking fee? What the hell is that? Very strange language. Please explain somebody.

  3. #3
    NodakPaul's Avatar
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    Quote Originally Posted by jmcdon00 View Post
    A one time warehouse stocking fee? What the hell is that? Very strange language. Please explain somebody.
    A one time warehouse stocking fee basically means a fee on the existing cigarette inventory to compliment the cigarette tax increase. This would cover the state's deficit for this year.

    This article from the Star Trib does a better job explaining it. It also talks about a second source of funding, which would be closing a tax avoidance loophole that companies used. The resulting revenue would cover the state's deficit for the rest of the years.

    Dayton proposes using new taxes for Vikings stadium funding | StarTribune.com
    Zeus wrote:
    When are you going to realize that picking out the 20 bad throws this year and ignoring the 300 good ones does not make your point?

    =Z=

  4. #4
    Purple Floyd's Avatar
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    Why not just raise the income tax on pro athletes?

  5. #5
    i_bleed_purple's Avatar
    i_bleed_purple is offline Jersey Retired
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    Quote Originally Posted by Purple Floyd View Post
    Why not just raise the income tax on pro athletes?
    Do Vikings pay tax to Minnesota, or the state they live in?

  6. #6
    JPPT1974's Avatar
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    Well it will get done. As the team and city do need a stadium. Will get that stadium in three years. As the three years will come and go fast and viola...the Vikings will get that stadium!
    NFL 2013 is Here!

  7. #7
    RK.'s Avatar
    RK.
    RK. is offline Ring of Fame Rally Cross II Champion
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    Looks like Minnesotans will be heading to the Rez tobacco stores in droves now. LOL

    WWBGD

  8. #8
    Mr Anderson's Avatar
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    Quote Originally Posted by i_bleed_purple View Post
    Do Vikings pay tax to Minnesota, or the state they live in?
    They pay in every state in which they play. Check it out:
    Professional Athletes' Big-League Tax Bills - Yahoo! Finance

  9. #9
    Purple Floyd's Avatar
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    Quote Originally Posted by i_bleed_purple View Post
    Quote Originally Posted by Purple Floyd View Post
    Why not just raise the income tax on pro athletes?
    Do Vikings pay tax to Minnesota, or the state they live in?
    Where they play. So we should be jabbing the players who come to play in the stadium instead of smokers who may never even visit the stadium. They should also charge more for the apparent gazzillion event they are going to host there every year and - sorry NDPaul- they should be charging a higher tax on tickets, suites and concessions at the games.

  10. #10
    NodakPaul's Avatar
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    Quote Originally Posted by Purple Floyd View Post
    Where they play. So we should be jabbing the players who come to play in the stadium instead of smokers who may never even visit the stadium. They should also charge more for the apparent gazzillion event they are going to host there every year and - sorry NDPaul- they should be charging a higher tax on tickets, suites and concessions at the games.
    I don't get it. You are constantly complaining that you think they are going to raise ticket prices, and then turn around and say that is the way they should pay for the stadium.

    And, they ARE taxing the tickets, suites, and concessions at the games. In fact, the higher tax on suites is one of the measures that was included in the original bill.

    As far as the cigarette tax - this was a tax hike that was going to occur anyway. The plans have been in the works to match WI's cigarette tax for a while. Dayton just jumped ahead of the plan and dropped the warehouse restocking fee on existing inventory to meet this years short fall. Every other year the revenue is going to be met by closing the tax loophole.

    So no, smokers who may never go to the stadium aren't going to be jabbed for the price any more than they are going to be jabbed for new roads they may not drive on, wast management systems they may not use, or anything else that the cigarette tax is going to fund.

    Corporations who have been filing in MN and taking advantage of a tax loophole are the ones who are going to be jabbed more. And that loophole was long overdue anyway.
    Zeus wrote:
    When are you going to realize that picking out the 20 bad throws this year and ignoring the 300 good ones does not make your point?

    =Z=

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