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> How would this have been a net negative on Texas? Not for Texas. For Texans. These tax reductions are given out to those with bargaining power, leaving those
by maratd 12y ago
> How would this have been a net negative on Texas?
Not for Texas. For Texans. These tax reductions are given out to those with bargaining power, leaving those without to pay the bills. Mainly, the average tax payer.
- wfjackson 12y agoNot sure I understand. Lets say the tax burden on a Texan today is X. Without the TSLA factory, lets say it would be Y, and let it be Z if the TSLA factory is built. Why do you think Z would be much higher than Y ? The government isn't paying to build the factory is it?
- nordsieck 12y ago9% ($120M): Transferable tax credits 6% ($75M): $12,500 per job transferable tax credits (6,000 jobs) This is the only part, as far as I can tell, where the state could potentially lose out.
- maratd 12y agoWho is paying for the roads, sewer, fire protection, police protection, etc.? Those services aren't free. Normally the burden is shared by all, by with these special deals, they're shared by those who didn't get the special deal.