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Topic starter
Don't have time to read the entire report, but wonder where VI would rank on this list?
http://money.msn.com/investing/latest.aspx?post=377cf5e0-1491-4f35-94cc-3a4668afda83
Posted : January 9, 2012 6:10 pm
The VI wouldn't even make the list.
Posted : January 9, 2012 8:47 pm
Topic starter
Why not? It should be on a list of worst managed something! They'll never do a worst managed territory.
Posted : January 9, 2012 9:32 pm
Given the criteria:
Violent crime, poverty rate, high school graduation rate, credit rating, population
USVI isn't looking too good....
Posted : January 9, 2012 10:05 pm
The Poverty Rate is 36.5%, That is more than one third of your tax base population, How many of the Servers and Bartenders really file a tax return.
Do You think everybody works on the books in the usvi?:-o It's all about collecting the money, How the money is spent is another story.:-)
Posted : January 9, 2012 10:52 pm
I would say that most service industry personnel do file tax returns - almost all tip money is left on credit cards these days - and few businesses can absorb that taxable and very trackable income by paying off the books - in the past that was not usually the case and working 'under the table' was more common.
Posted : January 10, 2012 12:56 am
EXIT.
:@)OK
Posted : January 10, 2012 2:21 am
Why not? It should be on a list of worst managed something! They'll never do a worst managed territory.
Oops! My bad -- I thought the list was for the best cities only. Now I see that the VI indeed would make the list.
Posted : January 10, 2012 3:51 am