Nov. 2nd Chili Dinner
CHS Wrestling Fundraiser
|$5 at the door (5:30-7:30pm) at Wilson Elementary before Tahlequah Football Game - Friday Nov. 2nd|
|Cherokee Language Bowl|
again had students enter the Cherokee Language Bowl and place. Wilson
Elementary had two teams enter and Mary Burr's team Collinsville Cardinals
#1 won first place. Team members are Hannah Phillips, Taylor Rhoton, Ainsley
Burr, Savannah Hutchens and Cheyenne Kiddy.
Herald Elementary entered two teams and Tonya Vaughn's team Collinsville Redbirds placed third. Team members were Gage Tacker, Lane Hutchens, Esperanza Torres, Harley Ragsdale and Haley Leach.
We congratulate all the teams for their hard work learning the language and they did an excellent job at the competition. Winners will receive Visa gift cards in May after all the competitions are completed.
Janice Fields (Indian Education Director -- Collinsville Public Schools)
(918) 371-5449 Office
|-- Janice Fields (10/31/2012)|
|Failure for SQ 766 to pass will result in the largest tax increase in state history.|
From Senator Rick Brinkley's Facebook Page (10/31/2012)
Definition: TANGIBLE Property is property that you can wrap your hands around. If you own a McDonalds, Tangible Property is the building, the fryers, tables and Chairs, etc. INTANGIBLE PROPERTY is the name McDonalds (what is the brand worth?), Client Lists, Software developed by employees (A McDonalds Franchise may not be a good example for that one), and the institutional knowledge your employees possess, etc.
History: For years, counties did not really evaluate or charge tax on Intangible Property. However, the Board of Equalization assessed an Intangible Tax on large entities like Utilities, Railroads, etc. These companies are called Centrally Assessed companies, because they were not assessed on a County-by-County basis. It is important to note that even Centrally Assessed companies were not actually assessed a tax based on an actual determination of their Intangible Property, but rather it was calculated on a Unit Basis .meaning if your company was assessed at a certain tangible property amount, a certain percentage was calculated to be your Intangible Tax. Several years ago a company challenged its being taxed on intangibles to the State Supreme Court. They claimed it was unfair because other companies were not taxed for intangibles (just the Centrally Assessed Companies). The State Supreme Court ruled that not only was the Intangible Tax Constitutional, it could be assessed against all companies in the state as well as individuals.
Your Decision to
Make: The question before you is Should We Eliminate Taxation
on Intangible Property? My answer to that question is YES.
First, by the mere definition of Intangible, it is not something
that is easily determined and the variance from County to County and
Assessor to Assessor could be great. How does the government assess
the value of your companys name and then tax you on it? Also,
please be reminded that these companies and, especially, small business
owners have already paid income tax on the companys income and
the salary they have paid themselves. Now, to double dip
and tax them again on the Intangible Value of what they created seems
inherently wrong to me. They will, of course, continue to pay Tangible
Property Tax, Income Tax, Unemployment Tax, Payroll Taxes, etc. Plus,
the taxes they pay as individuals.
Opposition: The Oklahoma Tax Commission estimated the cost to eliminate the Intangible Tax would be approximately $50 million (meaning it would not collect approximately $50 Million of taxes on companies currently paying the Intangible Tax.) However, it provided no methodology for its calculations. Please remember, those companies which currently pay tax on Intangibles are really paying a Unit Valuation that the government uses to determine what they will charge them as their Intangible Tax. It is not currently based on actual/factual determination of a companys Intangible worth. Those who oppose this state question do not want to see a reduction in the amount of money the state collects. However, many of them freely admit they also do not want this kind of tax to go into effect on individuals, small business owners, farmers, ranchers, etc.
It is impossible
for the Tax Commission to estimate the magnitude of the taxes to be
collected if Intangibles were to be taxed; however, some estimates put
it between a $300 - $400 million tax increase.
At Wilson Elementary
Would you please help us let everyone know:
Wilson Elementary will be honoring our Veterans, past and present, at our annual Veterans Day Assembly on Monday, November 12th, at 9:00 a.m. We would like to invite anyone who is a veteran or current member of any of the armed forces to attend our presentation. They are very special and we would like to show them how important they are to us, to our community, and to our country.
Please call (918) 371-3144 for further information.
Thanks so much! ~ Paula Caudill (11/1/2012)
|Ted Note: The Veterans Day parade is at 11am Downtown (Nov. 12th) and I suspect they may be activities at other schools that I don't have info for yet.|
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|6th Grade "Exploding" Art Class|
|I happened by the Middle School gym Tuesday as 6th grade art students were creating outdoor abstract art by adding Alka-Seltzer to small paint canisters. After shaking the containers and placing them on the blank sheets the students would stand back and wait for the pressure to force the paint out in unusual patterns. -- Ted|