51–60 of 242 posts
I'm a programmer. Every time I go home to Iowa, people try to tell me that Iowa is now a booming tech hub, with Microsoft, Facebook and Apple "offices", and that I should get a job there. I try to explain why I probably won't end up there, but the point is that they are extremely proud of all of these data centers.
These are property tax abatements. I don't see the big deal. Apple has to pay the property tax equal to the farmland for the next 20 years instead of the much higher tax on the datacenter property. Who cares? Unless someone is arguing the datacenter is going to use a lot of tax funded city services (police? fire? ... ?), Waukee isn't giving Apple anything. On top of that Apple is pledging to give them $100M for vario…
The article points out that the pledge contains the significant words "up to", and is actually only pledging $20M. So, for $20M, they get $20M off their taxes, plus a 20-year tax abatement worth $190M.
Where can I, as an individual, sign up for such an awesome deal? I'll happily pay one year's income taxes to avoid the next 20.
Just for all the inevitable comments about "the government should have just given X people Y dollars instead..." Iowa isn't "giving money." It does not have the additional revenue before Apple arrives, thus, it can't give anyone those revenues. All it can do is tell Apple you have to give us, Iowa, less than the state next door... now whether this is a good economic plan I disagree. I'd rather have a thousand small b…
These are property tax abatements. I don't see the big deal. Apple has to pay the property tax equal to the farmland for the next 20 years instead of the much higher tax on the datacenter property. Who cares? Unless someone is arguing the datacenter is going to use a lot of tax funded city services (police? fire? ... ?), Waukee isn't giving Apple anything. On top of that Apple is pledging to give them $100M for vario…
These are property tax abatements. I don't see the big deal. Apple has to pay the property tax equal to the farmland for the next 20 years instead of the much higher tax on the datacenter property. Who cares? Unless someone is arguing the datacenter is going to use a lot of tax funded city services (police? fire? ... ?), Waukee isn't giving Apple anything. On top of that Apple is pledging to give them $100M for vario…
Isn't the Delawarw thing for resolution of legal disputes? I don't think it affects taxes AFAIK.
These are property tax abatements. I don't see the big deal. Apple has to pay the property tax equal to the farmland for the next 20 years instead of the much higher tax on the datacenter property. Who cares? Unless someone is arguing the datacenter is going to use a lot of tax funded city services (police? fire? ... ?), Waukee isn't giving Apple anything. On top of that Apple is pledging to give them $100M for vario…
Isn't the Delawarw thing for resolution of legal disputes? I don't think it affects taxes AFAIK.
Just for all the inevitable comments about "the government should have just given X people Y dollars instead..." Iowa isn't "giving money." It does not have the additional revenue before Apple arrives, thus, it can't give anyone those revenues. All it can do is tell Apple you have to give us, Iowa, less than the state next door... now whether this is a good economic plan I disagree. I'd rather have a thousand small b…
So Iowa doesn't have to deal with providing services to the site? Land management services, emergency services, water, sewerage, etc?
These are property tax abatements. I don't see the big deal. Apple has to pay the property tax equal to the farmland for the next 20 years instead of the much higher tax on the datacenter property. Who cares? Unless someone is arguing the datacenter is going to use a lot of tax funded city services (police? fire? ... ?), Waukee isn't giving Apple anything. On top of that Apple is pledging to give them $100M for vario…
These are property tax abatements. I don't see the big deal. Apple has to pay the property tax equal to the farmland for the next 20 years instead of the much higher tax on the datacenter property. Who cares? Unless someone is arguing the datacenter is going to use a lot of tax funded city services (police? fire? ... ?), Waukee isn't giving Apple anything. On top of that Apple is pledging to give them $100M for vario…
Yes, it happens in other cases too, and citizens should also protest against those other cases.
These are property tax abatements. I don't see the big deal. Apple has to pay the property tax equal to the farmland for the next 20 years instead of the much higher tax on the datacenter property. Who cares? Unless someone is arguing the datacenter is going to use a lot of tax funded city services (police? fire? ... ?), Waukee isn't giving Apple anything. On top of that Apple is pledging to give them $100M for vario…
Companies are supposed to pay taxes so we can have schools, healthcare, basic income etc. When they bid countries or states against each other to get tax breaks and governments play the game, citizens lose. Yes, it happens in other cases too, and citizens should also protest against those other cases.