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152 sats \ 1 reply \ @Satosora 5 Jan \ on: Kentucky officials announce 12,431 BTC of new project investments Construction_and_Engineering
The part I dont understand about these tax breaks are if the states actually earn anything back from them?
At the end of the day, Toyota will be able to keep that land, the plant, and make profit from it.
The state will only get some taxes if Toyota makes a profit, and in this day and age, everything can be subtracted from your profit to make you look like you are having a loss every year.
Hence why big companies dont have a large tax burden.
Well politicians can puff their chest out and brag about how many jobs they brought to their district.
But what they wish to accomplish is growth in their economies while Toyota gets massive benefits the people who are employed there can now possibly buy things like goods, services, and property and that is where the state will capture its return on the tax break
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