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>Where does the 5B come from? These were thousands of SWE jobs. Amazon would have paid significant payroll taxes (which are federal but that doesn't fit the na
by pathseeker 7y ago
>Where does the 5B come from?
These were thousands of SWE jobs. Amazon would have paid significant payroll taxes (which are federal but that doesn't fit the narrative so people ignore it) and their employees would have paid millions a year in city and state income taxes, property taxes, etc. Getting a high-paying company like Amazon in your city is a huge economic boon and is totally worth up front tax breaks. Remember, it's a tax break, you're just agreeing not to take money you already don't have.
>It is crazy to allow tax breaks for company's that largely don't pay taxes to start with, especially extremely profitable companies.
Again, Amazon pays tens (maybe hundreds) of millions in taxes every year. You're just repeating a political talking point based solely on what they pay at federal income taxes (due to loss carry-overs).