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And NYC gives a tax deal to the corporation, while the workers get to pay city income tax, state income tax and federal income tax, high property and sales taxe
by briandear 8y ago
And NYC gives a tax deal to the corporation, while the workers get to pay city income tax, state income tax and federal income tax, high property and sales taxes, while also having one of the highest costs of living of most cities. Not great for the future workers at all while Amazon gets to cash in on tax incentives. Amazon could have gotten great tax benefits elsewhere in places that don’t tax their employees so damned much. Unless you are single, New York City isn’t much of a draw due to either a long commute or excessively high housing costs. Amazon could literally locate in Mobile, Alabama and be able to recruit just fine. A $200k salary in Mobile is worth $600 in NYC.
- dunpeal 8y ago> Amazon could literally locate in Mobile, Alabama and be able to recruit just fine. This is completely detached from reality. Amazon is fighting for top talent against other FAANGs and all other employers. If you can't also get an offer from the likes of Apple and Google, or at least other decent employers, Amazon doesn't really want you. If you can get offers from good employers in good locations, let along from Google and Facebook, you're not moving to Mobile Alabama for no Amazon job. Certainly not if you're a young single guy. Amazon wouldn't invest billions of dollars in this new office, compared to a few millions in Mobile, for no good reason. You may not like it, or Amazon generally, but they are known to do their homework.