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Well, each NYC resident pays 48000 one time to get back 30000 per year for 10 years is not something that HN would upvote into the front page.
by praneshp 8y ago
Well, each NYC resident pays 48000 one time to get back 30000 per year for 10 years is not something that HN would upvote into the front page.
- GhostVII 8y ago$48,000 is the cost per job, not the cost per resident.
- qaq 8y agoIt's not a cost though it's tax break over 10 years and there would be no tax revenue if NYC didn't get the office in the first place.
- InclinedPlane 8y agoThis is true, nobody in NYC pays taxes currently and nobody there has a job already.
- qaq 8y agoAt present there is N tax revenue With HQ2 there will be N+Y a portion of Y will be returned back to Amazon how is this exactly a cost for the city?
- cglace 8y agoHow do you know other companies wouldn't move in?
- vdnkh 8y ago> each NYC resident pays 48000 one time Please cite a source which states this claim. Nobody here is forking over 48k "one-time".