3 ms·
Disney built a world class destination in the middle of, what is basically, a swamp. They built all the necessary infrastructure and paid for it by taxing thems
by mikeryan 4y ago
Disney built a world class destination in the middle of, what is basically, a swamp. They built all the necessary infrastructure and paid for it by taxing themselves. In a lot of ways it put Orlando on the map and provided a huge boost to the surrounding economy.
I'm not sure who was getting screwed there? It honestly seems like it was a win/win situation.
- leereeves 4y ago> I'm not sure who was getting screwed there? Here's one: normally corporate bond payments are federally taxable, but municipal bonds aren't. Everyone in the country is missing out on taxes on payments on that 2 billion dollar debt.
- mikeryan 4y agoYeah but that’s a chicken and egg problem. Those bonds wouldn’t exist without the current exemption.