8 ms·
I will read the article later on, only skimmed it. I don't trust the numbers though. I've noticed in my area that companies congregate near their nexus. Attor
by tellsomething 3y ago
I will read the article later on, only skimmed it.
I don't trust the numbers though.
I've noticed in my area that companies congregate near their nexus. Attorneys will get an office near the tribunal, accountants near the IRS building, etc. Also, big companies will set their headquarters in the state capital but earn money from all over the place.
This makes it seem like the capital "makes" all the money though it's actually just fiscally declared in that place.
I suspect that chart shows the same thing. Eg. perhaps the gutters may not be covered from the home tax, but that person goes to work someplace, spends money elsewhere and maybe has a company registered elsewhere in the city.
Though, I do agree that overinvesting may happen for infrastructure. I don't buy it though that, for example, suburbs are inherently a subsidy.