4 ms·
Can't exactly guarantee offer tax breaks if they are short on tax revenue, and while every government federal/local is always short Chicago/Illinois is deathly
by whb07 7y ago
Can't exactly guarantee offer tax breaks if they are short on tax revenue, and while every government federal/local is always short Chicago/Illinois is deathly short. The tax increases have already begun and there have been weird talks coming out of the Chicago mayor's office essentially asking for a tax on the rest of the state to help out Chicago proper.
- keenmaster 7y agoIf tax breaks attract a large company, Chicago still gets tax revenue from all their employees. Property tax revenue, income tax revenue, and consumption taxes all go up. This is especially true if that catalyzes further development across the local economy.
- SilasX 7y agoAll of that was true of Amazon's move to NYC, but the locals still balked at the "massive tax breaks" given to the company.