KCRag Forum

kcdcchef wrote: so, you are saying, that, when you buy a car, or a home, you say, well, really, it will cost this much over 10 or 25 years? i have bought a home and 2 cars, i have NEVER said that. i just say, okay, this is the sticker price, this is what the dealer adjusted it to after bargaining, this is what it costs. then, years later when you sell it, then, you say a different amount.

lock&load wrote: You continue to miss the point.  I never said it was anything but $575 million in renovations.  I said the total cost to taxpayers is $1.2 billion.  You say you bought a $412k home, because that is the value of the home.  That, however, is not the total cost to you.  That is only the value of the home.

You buy 25 shares of stock for $5 a share.  You say you paid $5 a share for the stock.  However, you also paid a commission to the broker.  That is a relevant cost.  The cost of the underlying property/improvements is not the only relevant piece of information.

Please visit the local University in Pittsburgh and enroll in a course in Finance.  You might learn something.

aknowledgeableperson wrote: It is really a usage of words.  The cost of the home is $412k but the cost of financing it is an additional cost.  For tax purposes for captial gains, if needed, the cost is the $412k, not $412k plus the cost of interest payments.

Kard wrote: How did Barnes get her $18 number?

If we do the 1.2 billion (which could be the full cost of it over time):

$1,200,000,000 / 660,095* people in Jackson County
= $1817.92

$1817.92 / 25 years
= $72.72 per person per year

Is that way off?  I know--people from outside Jackson County will be paying, too.  So take off 30% (the SOS number) and you get around $50.


*US Census Bureau QuickFacts - http://quickfacts.census.gov/qfd/states/29/29095.html

aknowledgeableperson wrote: Your numbers have been shown to be worthless propaganda.  From the Star today.

■ How much it will cost you.

In advertisements and guest columns, stadium supporters have stated that the renovations will cost a typical Jackson County taxpayer about $1.50 a month, or the equivalent of a cup of coffee. That is, the 3/8 th-cent sales tax will cost about $18 a year based on a person’s typical retail purchases.

Since then, the stadiums campaign and The Star have done more precise calculations and come up with slightly different per-person cost numbers. The campaign had reached its figure by taking Jackson County’s median household income and applying several calculations to it. However, the campaign has since found a more recent estimate of household income, and that ends up changing the per-person cost to $20.50 a year, or $1.70 a month. In addition, The Star found a more precise way to do the calculation, based on U.S. government statistics. The per-person cost works out to $23.10 a year, or $1.93 a month. That’s not a lot different in dollar terms.

aknowledgeableperson wrote: Your numbers have been shown to be worthless propaganda.  From the Star today.

■ How much it will cost you.

In advertisements and guest columns, stadium supporters have stated that the renovations will cost a typical Jackson County taxpayer about $1.50 a month, or the equivalent of a cup of coffee. That is, the 3/8 th-cent sales tax will cost about $18 a year based on a person’s typical retail purchases.

Since then, the stadiums campaign and The Star have done more precise calculations and come up with slightly different per-person cost numbers. The campaign had reached its figure by taking Jackson County’s median household income and applying several calculations to it. However, the campaign has since found a more recent estimate of household income, and that ends up changing the per-person cost to $20.50 a year, or $1.70 a month. In addition, The Star found a more precise way to do the calculation, based on U.S. government statistics. The per-person cost works out to $23.10 a year, or $1.93 a month. That’s not a lot different in dollar terms.

aknowledgeableperson wrote: Your numbers have been shown to be worthless propaganda.  From the Star today.

aknowledgeableperson wrote:
So what are you bitchin' about?  Hell, if the Star came out on your side of this issue you would be praising it up to high heaven.