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If tax breaks attract a large company, Chicago still gets tax revenue from all their employees. Property tax revenue, income tax revenue, and consumption taxes
by keenmaster 7y ago
If 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.