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What does this even mean? The tax money moves to another state, so it’s being spread out.
by edgyquant 3y ago
What does this even mean? The tax money moves to another state, so it’s being spread out.
- readthenotes1 3y agoUnless the $2T moves to Texas Banks and trades on Texas exchanges (are there any?), The $2T stays where it is and so is irrelevant to the story, just there for the click baiting.
- ska 3y agoNothing in the article suggests the $2T moves. At most it suggests at least some of the jobs managing it will, but that's not the same thing.
- kagakuninja 3y agoIt is about race to the bottom - which state taxes corporations at the lowest rate, or has other corporation friendly laws. There is a reason why huge number of businesses are incorporated in Delaware, a state with a minuscule population of about 1 million. NYC by contrast has 8.5M. The residents of Delaware perhaps benefit in some minuscule way, but the money isn't being spread out.