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Maybe I'm reading that wrong, but it's not an actual loss at any point is it? The refundable tax credits just pay back what the state collected, which isn't rea

by dahdum 9y ago

Maybe I'm reading that wrong, but it's not an actual loss at any point is it? The refundable tax credits just pay back what the state collected, which isn't really a "loss".

MattSteelblade 9y ago
It's a combination of cash payments and tax exemptions. http://www.jsonline.com/story/news/politics/2017/08/16/how-would-wisconsin-foxconn-deal-work-here-some-answers/572186001/ http://www.jsonline.com/story/news/politics/2017/08/16/how-w...
- dahdum 9y ago
  But the cash is a refund of employee payroll taxes and other benefits derived from Foxconn's investment isn't it? It's a sweet deal for Foxconn but I still don't see where the rest of the state actually pays out. I could be reading it wrong of course, but that was the impression of the EITM zone I had.
  - deleted 9y ago
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