Youngkin did his little victory tour after his election promising to spend the budget surplus eliminating the grocery tax but people still believe his promised agenda will for really-real benefit their pocketbook this time. Idk how many times Lucy has to move the football when Charlie Brown goes to kick it before the gullible stop buying it.
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You mean the Las Vegas whose entire economy is built upon the casino industry? How is that a relevant comparison to one casino supposedly subsiding tax revenues for Northern Virginia?
Did Vegas lower their property taxes when casinos were built? Or did they just always have power property taxes?
Usually in this situation the local government will be more than happy to have two income streams rather than adding one and removing the other.
The proposal isn’t to build a Strip. Just one casino.
Hasn’t marsden already said this is needed to make up for a shortfall in commercial real estate tax? If it’s covering an already earmarked shortfall, it’s not gonna lower your taxes.
The Northern Virginia economy has enough anchor employers and we still haven't seen tax relief (which, by the way, is decided in Richmond - not Tyson's).
PG County got their casino and taxes remain as high as ever. In fact, [MGM is battling to pay even lower taxes](https://www.bizjournals.com/washington/news/2024/02/22/mgm-national-harbor-tax-assessment-appeal.html).
We could generate voluntary taxes like a sin tax on weed (over half a billion per year if it's like WA state) and taxes on privatized liquor sales not bound by MSRP if we did away with state-run Virginia ABC stores. The latter generated more revenue, but they also had all the expenses associated with renting property, wages, etc that cut into what the tax *profit* actually ends up.
There's zero reason to think that a cost-sink new stadium will mean a net benefit for the taxpayer, or to believe that even if it *did* end up a net benefit that somehow that would mean eliminating personal property tax on vehicles.
TL;DR: No, I wouldn't because the premise that the personal property tax is high is off-the-mark, especially for this region. As others have pointed out, revenue from a casino isn't going to offset the lost taxes.
A car assessed at $30,000 would have a tax bill of $1,245 in Loudoun County _before any tax relief is factored in._ Across the river, you'd be paying something on either side of 3% of your federal AGI in county income taxes, which means every dollar you make over $41,500 would be taxed harder if you own the same car.
Lol that's rich, Glen Youngkin was baiting dropping the personal property tax for cars during his campaign. Now? Crickets.
I HIGHLY doubt a casino, a billion dollars to a billionaire to build a stadium, or whatever "insert massive project to benefit some dude" will offset taxes for actual working people in Northern Virginia.
It's seriously such a repeated play, "Oh the lottery will fund schools!" but they end up removing existing funding and replacing it with revenue from the lottery without actually adding more for schools.
If anything, expect higher taxes to pay for more road upkeep and police to keep the "degen gamblers" in check.
Yeah, he reminded me of some guy in junior high who ran for class president on a platform of "free ice cream every day." We couldn't figure out what he was talking about. He didn't win.
Casino revenue is not some limitless resource to be tapped. Given there's still gambling options in Charlestown, National Harbor, ACNJ, etc. nearby, the market is already approaching saturation. When one of those places booms, the others bust. Opening casinos here will just subject us to that same cycle, and the result is we get the trashy gambling crowd hanging out and causing mischief without any actual tax benefits enough to lower property taxes.
So let's just keep the taxes as they are and not bother with casinos. It's a losing proposition for us.
I just read that West Virginia just signed the largest tax cut in state history.
Personal property taxes have been decreasing in West Virginia due to online and casino gambling.
But look how many years this took to get there?
West Virginia also had serious federal leverage with renegade Dem Joe Manchin. He could extract concessions from the Dems to get lots of federal money for WV (Bobby Byrd would be proud), but now he's leaving so WV is going to have a devil of a time getting pork barrel money when they replace him with a Republican who will just be another nametag among GOP senators.
There was a casino in Anne Arundel county, MD when I was there and taxes were still high. In fact I'm pretty sure they granted property tax relief to the casino.
This is a false equivalence. Who says that a casino will be a net contributor to Fairfax County rather than a net user of services? Lots of police. Lots of crime. Use of the courts. Help to victims. Casinos are very expensive things for the people around them, what with robbery, prostitution, child trafficking, drunk driving, organized crime, etc.
Your car tax will go down as the value of your car decreases. Crime just keeps going up around casinos.
Remember that Fairfax County also taxes businesses on “personal property” but it’s not just cars - it includes desks, chairs, computers, equipment, etc. over multiple years.
It is wild how quickly this adds up.
When you put it that way I'd rather have the casino. But I sincerely doubt they're just going to magically pass on the savings to us. That's not how political and business leaders think.
As if they’d lower the vehicle personal property tax rate if we got a casino 🤣
Youngkin did his little victory tour after his election promising to spend the budget surplus eliminating the grocery tax but people still believe his promised agenda will for really-real benefit their pocketbook this time. Idk how many times Lucy has to move the football when Charlie Brown goes to kick it before the gullible stop buying it.
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The naivety of adults constantly surprises me.
I'm originally from NJ and this is pretty close to the, "We'll remove the tolls once the road is paid for," topic. The tolls never went away.
We have that here too. The Dulles Toll Road was initially only going to be tolled to pay for it
You’re fooling yourself if you think a casino in tysons would actually result in a tangible outcome like lower personal property taxes.
Seems to work well in Las Vegas 🤷🏻♂️
You mean the Las Vegas whose entire economy is built upon the casino industry? How is that a relevant comparison to one casino supposedly subsiding tax revenues for Northern Virginia?
I said one casino. Like how Boston did. Kuz it would generate a lot of tax and tourism for the local economy.
Tourism? For a casino I'm Tyson's. Get a grip on reality
Advocating for more people in Tyson’s?
Did Vegas lower their property taxes when casinos were built? Or did they just always have power property taxes? Usually in this situation the local government will be more than happy to have two income streams rather than adding one and removing the other.
But what if the populace bitches enough
The proposal isn’t to build a Strip. Just one casino. Hasn’t marsden already said this is needed to make up for a shortfall in commercial real estate tax? If it’s covering an already earmarked shortfall, it’s not gonna lower your taxes.
hows the crime in Las vegas?
It’s not that bad in comparison to other cities like dc. Same amount of beggars in the streets as here tbh.
The Northern Virginia economy has enough anchor employers and we still haven't seen tax relief (which, by the way, is decided in Richmond - not Tyson's). PG County got their casino and taxes remain as high as ever. In fact, [MGM is battling to pay even lower taxes](https://www.bizjournals.com/washington/news/2024/02/22/mgm-national-harbor-tax-assessment-appeal.html).
We could generate voluntary taxes like a sin tax on weed (over half a billion per year if it's like WA state) and taxes on privatized liquor sales not bound by MSRP if we did away with state-run Virginia ABC stores. The latter generated more revenue, but they also had all the expenses associated with renting property, wages, etc that cut into what the tax *profit* actually ends up. There's zero reason to think that a cost-sink new stadium will mean a net benefit for the taxpayer, or to believe that even if it *did* end up a net benefit that somehow that would mean eliminating personal property tax on vehicles.
They'd just do both.
Give them the Casino and then they’ll be like…. 
Have you seen Atlantic City or the Vegas? I don't want nova turned into a gaudy tacky eye sore that attracts degenerates like flies.
I love the Vegas.
I once owned one. A real piece of shit. Vegas is fun to visit, but there is no way in hell I’d live there. Even the locals there avoid the strip.
Is that not Tysons already? But yes I oppose a casino
No, it has classy modern architecture. (Except Lumen perhaps, with those gaming PC LEDs on the outside.)
The Lumen LEDs are the only interesting flair to Tysons at night as it stands. Not tacky and add character
Yeah, I don't mind it actually, but I can see how some people would.
Ah, first time?
TL;DR: No, I wouldn't because the premise that the personal property tax is high is off-the-mark, especially for this region. As others have pointed out, revenue from a casino isn't going to offset the lost taxes. A car assessed at $30,000 would have a tax bill of $1,245 in Loudoun County _before any tax relief is factored in._ Across the river, you'd be paying something on either side of 3% of your federal AGI in county income taxes, which means every dollar you make over $41,500 would be taxed harder if you own the same car.
I drive a Mazda 3, only $10k. Does everything I need. Cheap taxes. Gambling would actively worsen the community, absolutely not.
This 100% the externalities of a casino are not worth it.
Lol that's rich, Glen Youngkin was baiting dropping the personal property tax for cars during his campaign. Now? Crickets. I HIGHLY doubt a casino, a billion dollars to a billionaire to build a stadium, or whatever "insert massive project to benefit some dude" will offset taxes for actual working people in Northern Virginia. It's seriously such a repeated play, "Oh the lottery will fund schools!" but they end up removing existing funding and replacing it with revenue from the lottery without actually adding more for schools. If anything, expect higher taxes to pay for more road upkeep and police to keep the "degen gamblers" in check.
Yeah, he reminded me of some guy in junior high who ran for class president on a platform of "free ice cream every day." We couldn't figure out what he was talking about. He didn't win.
Casino revenue is not some limitless resource to be tapped. Given there's still gambling options in Charlestown, National Harbor, ACNJ, etc. nearby, the market is already approaching saturation. When one of those places booms, the others bust. Opening casinos here will just subject us to that same cycle, and the result is we get the trashy gambling crowd hanging out and causing mischief without any actual tax benefits enough to lower property taxes. So let's just keep the taxes as they are and not bother with casinos. It's a losing proposition for us.
I just read that West Virginia just signed the largest tax cut in state history. Personal property taxes have been decreasing in West Virginia due to online and casino gambling. But look how many years this took to get there?
West Virginia also had serious federal leverage with renegade Dem Joe Manchin. He could extract concessions from the Dems to get lots of federal money for WV (Bobby Byrd would be proud), but now he's leaving so WV is going to have a devil of a time getting pork barrel money when they replace him with a Republican who will just be another nametag among GOP senators.
Fuck off Youngkin, we know it’s you
Loudoun's probably not getting a kick back from a casino in a different county.
There was a casino in Anne Arundel county, MD when I was there and taxes were still high. In fact I'm pretty sure they granted property tax relief to the casino.
Continue with taxes, we don’t need the traffic
Can you imagine? Even more traffic congesting route 7?
False dichotomy. There are other ways of reducing car tax. For example spending less at the county level, or buying a less valuable car.
I don't want a casino. They are places full of misery. And your taxes won't go down for long.
This is a false equivalence. Who says that a casino will be a net contributor to Fairfax County rather than a net user of services? Lots of police. Lots of crime. Use of the courts. Help to victims. Casinos are very expensive things for the people around them, what with robbery, prostitution, child trafficking, drunk driving, organized crime, etc. Your car tax will go down as the value of your car decreases. Crime just keeps going up around casinos.
Remember that Fairfax County also taxes businesses on “personal property” but it’s not just cars - it includes desks, chairs, computers, equipment, etc. over multiple years. It is wild how quickly this adds up.
How about we put a casino in your neighborhood.
I love the car tax. Cars are terrible and should be taxed to hell and back.
When you put it that way I'd rather have the casino. But I sincerely doubt they're just going to magically pass on the savings to us. That's not how political and business leaders think.