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It's unclear to me from the article is this a one time cost? Is it yearly? Monthly? edit: On reading a bit closer it's over $48,000 per job over 10 years.
by britch 8y ago
It's unclear to me from the article is this a one time cost? Is it yearly? Monthly?
edit: On reading a bit closer it's over $48,000 per job over 10 years.
- noer 8y agoOne time cost paid over 10 years, IIRC
- AlimJaffer 8y agoThis doesn't necessarily sound terrible? If most of the jobs are going to be 6-figures, their tax rates will be reasonably high + they'll be contributing to the local economy in terms of buying goods and services. Am I missing something?
- britch 8y agoI'm inclined to agree. I'm against it in principle (why should taxpayers be subsidizing large corporations at all?) but it isn't robbery. I guess it get fuzzier when you factor in in harder to quantify costs like further increasing the cost of living.
- epicureanideal 8y agoThat doesn't sound too terrible then. Even if the average job there paid $48,000, we're talking about 10% of the salary as a tax reduction. And the employees themselves will be paying money into the local economy, paying sales tax, and so on. It may not be a fantastic deal, but it doesn't sound like a net negative for NYC.