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> On top of that Apple is pledging to give them $100M for various things The article points out that the pledge contains the significant words "up to", and is
by vacri 9y ago
> On top of that Apple is pledging to give them $100M for various things
The article points out that the pledge contains the significant words "up to", and is actually only pledging $20M. So, for $20M, they get $20M off their taxes, plus a 20-year tax abatement worth $190M.
Where can I, as an individual, sign up for such an awesome deal? I'll happily pay one year's income taxes to avoid the next 20.
- EpicEng 9y ago>Where can I, as an individual, sign up for such an awesome deal? Nowhere, because your tax dollars are a drop in the bucket. Don't pretend like you don't understand the difference between your few grand each year and Apple's tens of millions.
- edabobojr 9y agoDes Moines offers residential tax abatement on new construction and home improvements from renovation, a deal very similar to what Apple is receiving.