|
|
|
|
|
|
by aneesh
6186 days ago
|
|
|
That's not quite correct. They didn't give Apple $46m. The $46m that they're "giving up" is money they would never have had otherwise. The town had 2 choices: 1) Don't give any tax break. Apple will likely go elsewhere, and the town doesn't get any additional tax revenue. 2) Give Apple a break on some fraction of their taxes, amounting to $46m. They will still get some tax revenue from Apple. It's like saying a store is giving money when it puts a product on sale. The town is just lowering the price to sell more goods. |
|
|