GYERO ARCHIVE
- Thread starter anthonys735
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Pathetic Nazi ball breaking HUER.
Your patience is admirable.
Not sure I could have done it that way.
HUERS everywhere.
I said my thoughts on the tax on the show but it’s absurd to think these companies are going anywhere. There are new distilleries opening in Kentucky every month. I do a remote at almost all of them when they do. The tourism is here, not in Utah or Indiana. I will eat my hat if any of these places of any substance move anywhere. I disagree with Rob’s point but it’s at least logically consistent. But the idea these bourbons are going to move is ridiculous.
I am sure you enjoy your “Indiana” bourbon but for an industry to have expanded at an exponential rate to then act like a tax that is 130 years old somehow hinders growth is ludicrous
Buffalo Trace et al obviously aren't leaving Kentucky, but nothing is stopping them from building their next warehouse somewhere with lower taxes.
Well that’s not what Anth said. Maybe they will move some warehouses but I doubt it. Either way, let’s see them do it consistently first.
But remember most of these distilleries have special deals with local government that help them either avoid altogether (for a period of time) or lessen their property tax. Most local governments agreed to those bc of the barrel tax
Take that away (and since sales aren’t local) and they get almost nothing. Plus the state isn’t reducing its tax, which by the way is exponentially more.
They ain’t moving. They just don’t want to pay.
Actually, that's exactly what I said.
"but the thought future expansion couldn't be moved, is silly."
Also, MGP in Indiana, is massive, and I guarantee was in the bottles of several of your remotes.
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I have the Weber genesis ii S325s. Was a rec by Kooky I think. Zero complaints
In like 95% of the world Jack Daniel's is listed on bourbon lists. You're telling me the word Kentucky is gonna keep Sazarac or Diageo from moving or rebranding the mainlines? Come on. Major corps will move a plant to another country for fractions of a percentage. The tax thing is unfortunate for the local communities but is this much different than the tax benefits we just gave the battery plants?
i admitted the jealousy, 80. I’ll be pulling for wofo this week. Mom is a proud alum.
private labeling in indiana would support taxing aging barrels in bardstown in my view.
Im conflicted so ill just say I Imagine there are a few bourbon lobbyist with strong pours tonight.
Im conflicted so ill just say I Imagine there are a few bourbon lobbyist with strong pours tonight.
We're the horse capital of the world too, but that hasn't stopped states like Florida and New York from offering better tax incentives and deteriorating the local industry.
And the state is reducing taxes that affect the bourbon companies, as an offset to an increased number of services being taxed.
How many examples, like literally thousands of examples, of a government trying to tax a corporation and then it completely backfiring on them need to happen before we stop acting like it’s somehow beneficial for a government to try and suck money out of an entity? Growing up in Charleston, WV aka the chemical capital of the world at one point, the population used to be 120k when I lived there in the 90s. It’s now 47k and it’s a total dump. They kept taxing the chemical plants and they all just moved, the biggest to Midland, MI. They lost a massive population of PhD chemists and their kids to boot, so they not only have 1/3 the population paying taxes (losing more in taxes than they ever had from the companies) but the remaining population is less educated and poorer. And by the way - the taxes that drive the companies away don’t even do shit anyway - you’d be better off taxing companies less allowing them to grow to bring in more people and other businesses that will pay multiples more in taxes in the long run.
It is by definition Bourbon.
Coy Hill and Jack Daniels 12 are elite.
That said, eff Tennessee
Lilly is the most overrated “it” chick of this era. Good grief. A Marginally cute chick with sneaky big Boobs? Lol. OMG! Countless gyero wives have the same, and are hotter.
Also, not bad:
Also, not bad:
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Exactly… and being that most/if not all major distilleries are owned by mega foreign conglomerates… they don’t give a f*ck about BJW or Hilljack locals.
Ross & Squibb (MGP) produces more juice than any Ky distillery. Almost EVERY rye you’ve ever tasted, came from Indiana.
MGP launched what? Angel Envy, Willett, Michter(allegedly), New Riff.
High West is also blowing up.
High West is also blowing up.
Almost every fledgling distillery sources or sourced MGP and blends / bottles / sells it until their distillate stock comes to age in their barrels. They are a contract distiller.
MGPs 95/5 rye juice is the current standard tasting profile … meanwhile historic recipes are quite different. It’s just that MGP stole the space.
Remus Repeal Reserve, Gatsby & Volstead are MGPs premium releases that are friggin delicious.
MGPs 95/5 rye juice is the current standard tasting profile … meanwhile historic recipes are quite different. It’s just that MGP stole the space.
Remus Repeal Reserve, Gatsby & Volstead are MGPs premium releases that are friggin delicious.
The bourbon lobbyists have been trying to get this tax taken away for 20 years. They have made the same “we are moving” arguments and production and storage continue to rise in Kentucky at historic levels
When they take away the tax, the state will end up having to bail out these counties and their school districts. It is inevitable (and now actually contemplated and allowed for in the bill).
As far as I know, the fledgling companies may be outsourcing until their stock is ready, but they are still storing their future stock (and paying the tax) here. I am not sure that makes the point you are trying to make.
Either way, to not take advantage of the one industry we have that actually can lead to outside foreign companies contributing to our tax base disproportionately is absurd.
When they take away the tax, the state will end up having to bail out these counties and their school districts. It is inevitable (and now actually contemplated and allowed for in the bill).
As far as I know, the fledgling companies may be outsourcing until their stock is ready, but they are still storing their future stock (and paying the tax) here. I am not sure that makes the point you are trying to make.
Either way, to not take advantage of the one industry we have that actually can lead to outside foreign companies contributing to our tax base disproportionately is absurd.
I defer to you on Charleston history but a little research shows the Main chemical companies left in early 2000s (I will just assume for reasons you said)
Your population losses seem a little off. I would suggest data shows coal was a bigger issue
From Wikipedia (I don’t know how to post a pic on here) says the population was
1990: 57,000
2000: 53,000
2020: 48,000
In the 1960 census it topped out at 80,000. The loss is still significant between when you lived there and now and I assume you are correct as to reason (although I bet coal is a part) but it isn’t nearly what you say it is
You want a way to drive businesses away? Tax the shit out of them.
Syracuse NY was discussed here not too long ago as being terrible… it is terrible. the entirety of Upstate NY (sans Saratoga)was gutted by terrible tax burdens levied on businesses and they ALL left. Years of bad policy has left 100 small cities stranded with union mentality folks unemployed and impoverished. The height of rust belt causation. It sucks.
Big business will move to save a buck.
Texas, Tennessee, Florida have been collecting eloping industry trying to uphold their fiduciary obligations to their shareholders.
Syracuse NY was discussed here not too long ago as being terrible… it is terrible. the entirety of Upstate NY (sans Saratoga)was gutted by terrible tax burdens levied on businesses and they ALL left. Years of bad policy has left 100 small cities stranded with union mentality folks unemployed and impoverished. The height of rust belt causation. It sucks.
Big business will move to save a buck.
Texas, Tennessee, Florida have been collecting eloping industry trying to uphold their fiduciary obligations to their shareholders.
The barrel tax is Pennies compared to the state tax. And as I have noted it has been in place for 130 years and no one has moved. The industry has exploded
In general I actually agree with you on corporate taxation. In this example it is a rhetorical device that isn’t grounded in the actual reality of the industry or the small scale of the tax
I don’t really like the fact that the author of the bill is from Elkton. WTF does someone from ELKTON care about the bourbon tax?
Just to play some devils advocate though the value of the employee withholdings from having these jobs in these cities/counties is probably significantly higher than what the barrel tax brings if the $4 per barrel number the guy quoted is correct.
Just to play some devils advocate though the value of the employee withholdings from having these jobs in these cities/counties is probably significantly higher than what the barrel tax brings if the $4 per barrel number the guy quoted is correct.
Don’t argue with a democrat who is for more taxes. That’s one hill they are willing to die on
Go away, the adults are talking
I don’t know dude. Those mammarial protuberances are pretty elite.
The barrels are being stored in Indiana. Right across the river. So, unless these places are aging after they buy them, they're not, then the tax wouldn't factor in if I'm reading it right. Krazy may know more on that process.
Bulleit is one of the biggest brands in the world, they've been building tons of new rickhouses in Kentucky, and wasn't even around 25 years ago. Other than the historic brands, I don't see history playing much of a part.
When you're growing at the rate these places are growing then your influence grows as well. I just don't see it as a cut and dry issue.
Bulleit is one of the biggest brands in the world, they've been building tons of new rickhouses in Kentucky, and wasn't even around 25 years ago. Other than the historic brands, I don't see history playing much of a part.
When you're growing at the rate these places are growing then your influence grows as well. I just don't see it as a cut and dry issue.
When you see the breakdown of the voting and it’s split evenly between parties, you know the lobby has been ‘successful’ hedging their bets. It’s sad.
The thing is, the bourbon industry is not a local thing… it’s a cutthroat global enterprise hidden behind the charm and storyboard of aww-shucks-small town Ky family distillers, rickhouses, and stories about this batch is from Freddie Noe’s granny’s beaten biscuits… it’s bullshit. Campari and Sazerac have the politicians bought and paid for.
The sports gambol, casino, and weed taxes should pay they shortfall in barrel tax income.
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