- Sep 13, 2012
- 65,612
- 20,640
They got 7 million a year in incentives, IN keeps 21.5 million in State income tax and the feds keep 19.5 million in income taxes by keeping those jobs in the US. Who got the better deal?
Source for the numbers?
What tax rate does a State need to collect 21.5 million in income tax from 1000 blue collar jobs?
Eric Bolling on Fox today. Carrier will be keeping close to 80 million in payroll in IN, IN has a 3.5% income tax, feds he figured at an average of 25%.
3.5% of 80 million in payroll for 1000 jobs = 21.5 million? want to do that math again?
2.8 million. Minus 7 million in incentives = 5 million dollar hole.
Ok, my mistake, tell me, what's 60 million in economic activity worth to the State, in sales taxes, property taxes and so on? And we haven't even discussed payroll taxes, unemployment insurance and other benefits.
Also no one has offered a shred of evidence that UT is a crony of Trump. So where the hell is this accusation of corny capitalism coming from?
That is not definition Pailn and many conservative use:
When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent.....we know special interest crony capitalism is one big fail.
According to their wide definition any special government deal for a company is ideologically wrong.
Is this more opinion or do you have a link for the definition you placed in bold?