151–160 of 180 posts
Their campus location is so far north, it's more like south Dallas than Austin.
Do you know where it is? I can't find any info on the exact location. I assumed somewhere near Round Rock for the proximity to the old tech workforce but that was just a guess.
Their campus location is so far north, it's more like south Dallas than Austin.
Um, what are you talking about? It is near Jollyville which is at the North Austin city limits. Get on 35 and wait in traffic in Temple and you'll figure out how far Dallas is away.
Earlier quoted context omitted.
it's weird to frame net new revenue as a "huge cost the whole community" Taking less money from someone who is building a business in your area is not a cost. They have a choice on where to build, and tax burden is one of many factors in that choice.
It's a huge cost to the whole community, if by the "whole community" you mean the entire US. Let's say that Apple pays municipal tax of $X-$Y to Austin because of incentive $Y instead of $X to Denver (for example) Then Denver loses $X while Austin gains $X-$Y and Apple gains $Y. Sure, the Denver loss is only theoretical but Apple has to build somewhere so American municipal taxpayers lose as a group. A "race to the b…
Earlier quoted context omitted.
Which given FANG salaries they will do. And the state and NYC preying in aid the problems with its tube system is deeply cynical, maybe try to be 1 less corrupt and competent
The highest marginal tax rate in NYC is 3.65%. The effective rate on a $140,000 salary is about 2.6%. Leaving a local tax liability of about $3500. On the same income, NY state has a marginal rate of 6.45% and an effective rate of about 4.3%, for a liability of $6,000. So, in year one, that's a bit over $9000 in revenue from a highly compensated employee. If the $25k figure stated above it true and a one-time incenti…
I have a hard time believing original residents actually benefit that greatly from those deals as well. Yes there are benefits of getting more people and well paying jobs into the region and some competition to keep taxes reasonable seem fine. But to me this still mostly seems like a transfer of wealth and power to big cooperation, boosting societal problems we already have a hard time dealing with.
Earlier quoted context omitted.
The highest marginal tax rate in NYC is 3.65%. The effective rate on a $140,000 salary is about 2.6%. Leaving a local tax liability of about $3500. On the same income, NY state has a marginal rate of 6.45% and an effective rate of about 4.3%, for a liability of $6,000. So, in year one, that's a bit over $9000 in revenue from a highly compensated employee. If the $25k figure stated above it true and a one-time incenti…
More citizens mean more cost for the state, aka the thing taxes are supposedly collected for. Amateur here, so I might just missed it, but where did you account for those marginal cost? I have a hard time believing original residents actually benefit that greatly from those deals as well. Yes there are benefits of getting more people and well paying jobs into the region and some competition to keep taxes reasonable s…
Curious how much of this is “natural”, how much is forced by stupid CA policies and COL, and how much is “spread out jobs and investment to reduce government risk/gain government support at state and federal-legislative levels.”
Earlier quoted context omitted.
Can you elaborate on these laws?
https://en.wikipedia.org/wiki/EU_illegal_State_aid_case_agai...
Apple is always "going to pay", but they never did (and wouldn't make sense in any way), and Ireland also haven't paid and it doesn't look like it is.
Earlier quoted context omitted.
That's not the choice either. How about no tax breaks for companies, we enforce existing corporate taxes on those companies, and we raise the marginal income tax rate on very high earning individuals?
At the state and local level, that just means companies will leave your state and go somewhere else. In a globalized world, the same thing is true for countries. There is a reason France has an effective 11% corporate tax rate: https://www.npr.org/2017/08/07/541797699/fact-check-does-the... (Chart 2). If you want to pay for the safety net, do what Europe does and tax middle class people who can't just move to a lower…
45% tax bracket at $70K?
That's cute.
In my country (Portugal, which is also in the Eu), it kicks right in the 40.5k€ for 45%.
And we have a VAT of 23%.
Big corps love to brag about "adding jobs", but don't like to brag about the "tax incentives" they are getting. There are usually huge costs for the whole community. Austin tax incentives for Apple seem to be relatively small [1], but Foxconn factory in Wisconsin is an extreme case. I highly recommend the Replay All podcast episode on this [2][3] [1] https://www.statesman.com/news/20120901/austin-council-oks-8... [2]…
it's weird to frame net new revenue as a "huge cost the whole community" Taking less money from someone who is building a business in your area is not a cost. They have a choice on where to build, and tax burden is one of many factors in that choice.
Earlier quoted context omitted.
As an engineer in Austin, I mostly concur.
As a native austinite and engineer I completely disagree. The eastSide was a terrible place before. Going into pan am park was a no go at any time of the day. Comunities and infrastructure were dying in eat Austin. Also, It had extremely low home ownership rates so the lower class didn’t even own homes in these areas but made money for westside landlords. South congress was full of crackheads and prostitutes as early…