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A state that lets a potentially large employer go elsewhere also misses out on the revenue. So there's no reason not to compete for them, since most states will
by ams6110 9y ago
A state that lets a potentially large employer go elsewhere also misses out on the revenue. So there's no reason not to compete for them, since most states will get income tax revenue from the employees if nothing else, along with general economic benefits of lower unemployment.
- cc439 9y agoThat and practically every economist agrees that taxes on businesses are pointless. Tax the people working for said business and then you won't have the cost of taxation merely passed on to the consumer. You'd also likely be able to pass par higher tax rates on the highest levels of executives that way.