WisBusiness: Expert says Midwest’s big tax break could transfer to AirTran
2/5/2007
By Brian E. Clark
WisBusiness.com
"If Orlando-based AirTran Holdings is successful in its hostile takeover bid for Midwest Airlines, the Florida company should be able to hang on to a property tax break worth about $2 million - as long as it continues to meet the required number of flights from Mitchell International Airport.
Midwest had a net income of $5.4 million in 2006, so its profit would have been reduced by more than a third without the tax break."
*****
Gary Bahr of FairTaxes.com wonders how much you have to pay in additional property taxes to subsidize another business in Wisconsin. Maybe your Governor or State Senator or State Representative has and answer to these tax device scams.
2/5/2007
By Brian E. Clark
WisBusiness.com
"If Orlando-based AirTran Holdings is successful in its hostile takeover bid for Midwest Airlines, the Florida company should be able to hang on to a property tax break worth about $2 million - as long as it continues to meet the required number of flights from Mitchell International Airport.
Midwest had a net income of $5.4 million in 2006, so its profit would have been reduced by more than a third without the tax break."
*****
Gary Bahr of FairTaxes.com wonders how much you have to pay in additional property taxes to subsidize another business in Wisconsin. Maybe your Governor or State Senator or State Representative has and answer to these tax device scams.
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