Bail schmail

Washington State has given a 40 percent tax break to newspaper publishers.

How about giving a break to the entrepreneurs who will build the future of news?

Then again, it might all be show. Who’s to say any papers will have profits to tax?

: LATER: In the comments, Tim Orren explains: “Washington state’s business tax is on gross receipts, not on net income. That’s why it ranks well down the list of good states to do business, and why the tax relief to the legacy press is in fact substantial.”

  • invitedmedia

    i can see it now… the goldman sachs herald of seattle WA

  • Mike Manitoba

    Kitty’s got claws! Rewr!

  • http://due-diligence.typepad.com Tim Oren

    Washington state’s business tax is on gross receipts, not on net income. That’s why it ranks well down the list of good states to do business, and why the tax relief to the legacy press is in fact substantial. Entirely agree with your other points.

  • tgdavidson

    A *gross receipts* tax?!?

    So: Does Olympia own Microsoft? Or does Microsoft own Olympia?