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Why do you think any money was actually spent on this? These were tax breaks - a reduction or elimination of tax payments that IBM wouldn't have made is they h
by djrogers 11y ago
Why do you think any money was actually spent on this? These were tax breaks - a reduction or elimination of tax payments that IBM wouldn't have made is they hadn't moved in anyway. How is that taking money out of people's pockets?
- Geekette 11y agoTax breaks are just some of the incentives. E.g. Dubuque also renovated a historic building for IBM, which cost money upfront. That said, I think tax breaks ultimately cost money, especially when the locals hired earn less than projected (thus, contributing less in income tax to city and less in spending to local industries) while company enjoys little to no tax, makes money and uses other municipal resources without adequate contribution.