3 ms·
$6k per job seems like it will be break even on state income taxes for sure.
by sjg007 8y ago
$6k per job seems like it will be break even on state income taxes for sure.
- thrower123 8y agoParticularly in New York, with their state income tax brackets. Not to mention any NYC income taxes added on top. Virginia has lower rates, but they still ought to make out. https://www.tax-brackets.org/newyorktaxtable https://www.tax-brackets.org/newyorktaxtable https://www.tax-brackets.org/virginiataxtable https://www.tax-brackets.org/virginiataxtable
- NathanKP 8y agoAccurate. As an Amazon employee living in NYC last year I paid 14k in state taxes to NY state and almost 8k in local taxes to NYC. Just on income tax alone that covers the $6k and that's not considering side effect impacts I have on city income in the form of paying my rent and paying local businesses which generates even more tax income. Now of course this is all dependent on the fact that I wouldn't be generating any money for the city if it wasn't for Amazon which isn't true. I'd still have a job, it just might not pay quite as well as working for Amazon, but I'd still be contributing income tax. Overall though from what I can tell NYC is getting a good deal and will end up with more money despite the tax breaks.
- sjg007 8y agoYes I see this as a win/win/win really. If you want city life, live in NYC and if you want suburban life live in North VA. Still I see a lot of HQs in Amazon's future as well as hubs in other places. Maybe the NYC office will be the helicopter stop for Bezos between Manhattan and Long Island. :)