2 ms·
> I can just as easily flip this question on its head: how are we supposed to help the impoverished if we allow companies to play hostage-taker with jobs and ul
by manfredo 8y ago
> I can just as easily flip this question on its head: how are we supposed to help the impoverished if we allow companies to play hostage-taker with jobs and ultimately drive their tax rate to 0?
Because even if their corporate tax rates are reduced, their employees still pay income and sales taxes. Other posters estimated that Amazon's NYC workers would be paying close to half a million in income taxes alone each year.
Not to mention you're being intellectually dishonest as framing this as "dropping their tax rate to 0". Amazon's tax break is a temporary incentive. When the tax incentives expire, Amazon will be paying taxes like any other company.
The New York government estimated that the deal would bring in 27 billion over 15 years, yielding an 800% ROI.