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> And the facts too often do not support it. States and localities spend about $95 billion annually wooing corporations with tax incentive deals, and most of th
by bjornsing 5y ago
> And the facts too often do not support it. States and localities spend about $95 billion annually wooing corporations with tax incentive deals, and most of the evidence shows that they receive little for it in terms of real economic benefits. The loser is the public, whose tax dollars could otherwise be spent on public services that provide something of value.
There’s another loser: the companies/entrepreneurs that do not get these tax benefits and are disadvantaged in the market.
- nine_k 5y agoHmm. Tax insensitive dollars are not spent. These are hypothetical dollars not received from a factory that might have been built. A thought experiment: let's suppose that the corporate tax in your state is exactly 0%. A corporation still employs a lot of people in your state, and these people pay taxes. Having them unemployed or working at jobs that paid less would be a loss for the state tax income. Am I missing something?