> These are all high paying jobs so the state and local governments are going to get a massive amount of new taxes, even net of these rebates. The article make

> These are all high paying jobs so the state and local governments are going to get a massive amount of new taxes, even net of these rebates. The article makes it sound like 50-90% (increases over time) of the state income tax will be paid to Apple. > These payments are recouped from the income taxes Apple’s new employees would normally pay to the state. Starting in 2023, the state will start issuing payments to Apple worth a little more than half of those employees’ annual tax payments. In 2032, if all goes as planned, that percentage increases to 90%. I don't think this is great policy. For one example, public education is usually paid for by some combination of property/state/federal taxes. Some percentage of the future NC Apple employees will have kids in public school. Some portion of the state revenue from the future NC Apple employees could be used to pay for that. Instead, citizens will need to make tough decisions about cutting the school budget to keep the rate the same, or increasing the rate to support the increases in student population.