Oooohhh. Inquiring minds want to know. Please provide a list of the "terrible products" that oil companies and healthcare industries make...
haha seriously, those companies make products we need
apple makes products we want
Oooohhh. Inquiring minds want to know. Please provide a list of the "terrible products" that oil companies and healthcare industries make...
It is supposedly the "second Silicon Valley," but the leadership is so left, they tend to make poor economic decisions. Driving Apple away is not an intelligent move.
The math is pretty simple here. Apple has $300 million that are either going to pump into Texas or into Arizona.
The proposal here is that wherever they go will give them about $30 million back. You can argue all day about how bad it looks or how bad it sounds, but the fact is, getting $300 for paying $30 is not a bad deal at all.
What part of that doesn't sound like "spending their own money?"
If you give me $30 and I give you $300 you're really going to tell me that I'm a freeloader?
Your math is incorrect. That $300 million is construction costs. It does not go to the local government. However the $35-36 million in rebates does come out of the local government, to be covered by the rest of the tax base. That's the correct math.
Living in the area, 3600 jobs doesn't sound like much, but, considering the area is growing in the tech side of the house. you have AMD, IBM, Intel and other tech groups here. If Apple wants to expand their campus here, then let them! It is incentives vs. unemployment. It should be a no brainer. Austin will still make money through sales taxes. Now I am no economist, but if a business that comes into this area and wants to expand here for the price of between 5-7 million dollars per year for 10-15 years after throwing $300 million into the economy I have no problem with it. Never mind the fact if you average the annual salary at about $50k times 3600 employees equals about $180 million per year! Bottom line: Austin and Travis County will make that money up in no time!
With opinions like the ones I'm reading here, it's no wonder our jobs keep going overseas.
Given the current situation, where they apparently do have to fight with Arizona over tax subsidies, is what is indefensible and no, I don't have a short term solution. The real solution would be to ban tax breaks, subsidies and corporate welfare nation wide for publicly traded companies.
Living in the area, 3600 jobs doesn't sound like much, but, considering the area is growing in the tech side of the house. you have AMD, IBM, Intel and other tech groups here. If Apple wants to expand their campus here, then let them! It is incentives vs. unemployment. It should be a no brainer. Austin will still make money through sales taxes. Now I am no economist, but if a business that comes into this area and wants to expand here for the price of between 5-7 million dollars per year for 10-15 years after throwing $300 million into the economy I have no problem with it. Never mind the fact if you average the annual salary at about $50k times 3600 employees equals about $180 million per year! Bottom line: Austin and Travis County will make that money up in no time!
More like Apple is trying to squeeze something out of Travis County. Travis County is providing city services and infrastructure, paid for with taxes. It's absurd that we have any sort of corporate welfare like this, especially for companies with the cash reserves Apple has. How you can defend this is beyond me.
Why give tax breaks to the most profitable corporations in the world? The local authorities have to provide infrastructure, etc., and get no revenue?
Bill Aleshire, an attorney and former Travis County judge, and Ed Wendler, an Austin-area developer, picked through the county's draft final contract with Apple, pointing to parts of the contract they said will allow Apple to fall short of the requirements by the Commissioners Court.
Responding to Porter's comments that Apple is frustrated by the county's most recent action, Aleshire said: "I'm not sorry that Apple is frustrated. ... That's a sorry contract."
Apple "had it rigged so they could not comply with the contract yet end up with county staff basically renegotiating the terms that they would have to comply with," Aleshire said. "I just thought that was a major flaw. It showed up in several ways in several places."
i wish i could go into the apple store and say i want a macbook air so give it to me because i will then buy stuff from the app store and some ios device.
different rules for different people
Tax breaks do not include income taxes (I know, Texas does not have an income tax) sales taxes charged when all these people spend their payroll, and all the other little assorted taxes that we as Americans are taxed to death with. Sure, they (the city) lose a little up front, but they gain in the long run. Please take a few business courses before you spout ignorance.
Wow. They will go to Phoenix. Too bad for Texas.
Local governments care about local economies on the whole.
You can either find businesses to pay people (like construction workers) or you can figure out how to take care of them in homeless shelters and raise everyone else's taxes to do that.
$300 is coming into the economy, $30 is going out. HOW it comes in and out (salaries vs. taxes) is really not important. If it's going to pay people then that's less people the government has to take care of which means they have less things to pay for next year.
It's all one big mixing bowl.
They are not going to ask for free wi-fi from Apple?
Get over the hate for Apple.
SO, the most profitable company in the world can only expand if they get local tax breaks.....
i wish i could go into the apple store and say i want a macbook air so give it to me because i might then buy stuff from the app store and some ios device.
different rules for different people
you think governments and people can play this bargaining game with companies like apple forever?
nike dosent have slave camps in s-america and asia because the salary demands in the US are too high or does it?
Why give tax breaks to the most profitable corporations in the world? The local authorities have to provide infrastructure, etc., and get no revenue?
Yes, let's give Apple tax breaks, they really need them.
It's not the tax break it is the work. 3200 jobs is important to the people living in Austin. Get over the hate for Apple.
Texas is in a better economic position than much of the US right now. Maybe they don't need to bend over for Apple?