3 ms·
If we presume that taxes are set to the level required to provide agreed-upon levels of service (roads, safety, schools, etc) and a new company gets to pay less
by ip26 8y ago
If we presume that taxes are set to the level required to provide agreed-upon levels of service (roads, safety, schools, etc) and a new company gets to pay less taxes per capita, what happens now as the citywide average tax income per head starts to decline due to sweetheart tax breaks?
Additional tax income needs to cover the additional demand for services, otherwise it's a net loss for the community's standard of living.
- bluecalm 8y agoBut they aren't especially tax on company profits. There are many big inefficient polluters who pay lower wages and little profit tax. The additional demands will be covered by taxing relatively big salaries Apple pays and sales taxes those new employees pay.