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GE moving nearly 200 Fort Edward jobs to Florida

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It’s official: After nearly 70 years in Fort Edward, General Electric will close up shop and move its local manufacturing operations to Florida next year. Nearly 200 employees will be displaced. The union given the task of fighting for their jobs has accused GE — which announced its final decision Thursday — of never really considering an alternative to closure despite public comments otherwise. “From the get-go, this was nothing but a shakedown on their ...

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November 22, 2013
4:11 p.m.

[ Flag Post ]

The corporate tax rate in FL is 5.5 percent with an exemption of $50,000 is allowed. Floridaʼs Alternative Minimum Tax rate is 3.3%.
The corporate tax rate in NY is 7.1 percent and Corporations may also be subject to AMT tax at 1.5% (3% banks), or a
capital stocks tax. A minimum tax ranges from $25 to $5,000, depending on receipts ($250 minimum for banks). Certain qualified
New York manufacturers pay 6.5%. Small business taxpayers in New York pay rates of 6.5%, 7.1%, and 4.35% on 3 brackets of
entire net income up to $390,000.