4 ms·
The summary at the end of the article is funny, and it excluded one line: $535,500 Twitter’s annual payroll tax payment $0 Amount Twitter pays if it re
by jellicle 16y ago
The summary at the end of the article is funny, and it excluded one line:
$535,500 Twitter’s annual payroll tax payment
$0 Amount Twitter pays if it relocates to Brisbane
$22M Potential value of payroll tax break to Twitter over six years
350 Current Twitter employees
750 Work force projection by July 2011
1,500 Work force projection by July 2012
3,000 Work force projection by July 2013
$4.59M Annual payroll tax payment to city upon expiration of deal
The line it forgot was:
$0 Actual annual tax payment to city after Twitter negotiates another
tax break sometime in year six, spending about $1 million bribing
enough city officials to get the tax break passed
Yay.