tag:blogger.com,1999:blog-12703782.post7506060682112316970..comments2024-03-25T13:42:25.771-05:00Comments on Advance Indianaâ„¢: IMS Subsidy Legislation Will Hit Race Attendees With 10% Ticket Price HikeGary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-12703782.post-81617160590399936302013-02-14T09:49:46.256-05:002013-02-14T09:49:46.256-05:00There have always been rumors that the IMS reports...There have always been rumors that the IMS reports little or no income on which taxes are paid. It's a family-owned business so that's information that is pretty hard to confirm. Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-13722754593357572272013-02-14T09:03:17.207-05:002013-02-14T09:03:17.207-05:00It stretches credibility that the IMS pays less th...It stretches credibility that the IMS pays less than $5 million per year in income, sales, and use taxes - even without an admissions tax.Had Enough Indy?https://www.blogger.com/profile/09673791504434523246noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-43909444786222202272013-02-14T08:05:43.451-05:002013-02-14T08:05:43.451-05:00I see where Dan Carpenter at The Star has provided...I see where Dan Carpenter at The Star has provided his blessing to the IMS Corporate Welfare Scheme. "Speedway has earned a Break", is the title of his column. <br /><br />Bottom line the reasoning is: Carpenter says, "it is difficult to begrudge the Hulman family the favor it's asking of the legislature." Since the Colts, and Pacers receive a healthy dose of Corporate Welfare the IMS should too, seems to be the jist of the column. <br /><br />I will not surprised if the other columnists at The Star weigh in on the side of more Corporate Welfare. <br /><br />Oh well the Horse Racing Industry receives a subsidy. <br /><br />Most of us are expected to pay our fair share of taxes, without subsidies, and I suspect most small businesses without clout are expected to. <br /><br /><br /><br />Floggerhttps://www.blogger.com/profile/10383015097067413086noreply@blogger.com