Sunday, November 26, 2017

"Chicago has offered to let Amazon pocket $1.32 billion in income taxes paid by its own workers"

ST:

Called a personal income-tax diversion, the workers must still pay the full taxes, but instead of the state getting the money to use for schools, roads or whatever, Amazon would get to keep it all instead.

...

New Jersey remains the dollar king of the subsidy sweepstakes, having offered Amazon $7 billion to build in Newark.

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Fresno promises to funnel 85 percent of all taxes and fees generated by Amazon into a special fund. That money would be overseen by a board, half made up of Amazon officers, half from the city. They’re supposed to spend the money on housing, roads and parks in and around Amazon.