4 ms·
Money is fungible; tax breaks are no different in function than charging the full tax rate but handing Apple a pile of cash equivalent to what they'd have saved
by msbarnett 15y ago
Money is fungible; tax breaks are no different in function than charging the full tax rate but handing Apple a pile of cash equivalent to what they'd have saved with the tax break.
It's a subsidy. The argument that they made more with the subsidy than they would have without it is separate from the idea that tax breaks don't amount to a subsidy (which was yummyfajitas assertion).