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No news, but downtown stadium prediction [01/19 update @post 126]
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hooverblazer Offline
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Post: #87
RE: No news, but downtown stadium prediction
(01-10-2018 06:54 PM)UAB Band Dad Wrote:  Those 4,000 employees could pay taxes for a hundred years and not dent the incentive paid to the companies.

But the incentives are essentially letting the receiving business not pay taxes. These incentive arrangements do not involve the state writing a check to Toyota. So the exact same situation that currently exists with Toyota (Alabama isn't writing Toyota a check or receiving tax money related to this plant) will continue in the future when the plant is operating.

However, Alabama will receive new income tax revenue from the 4,000 workers plus all the sales tax revenue generated from those people spending money.

So Alabama's tax situation relative to Toyota is unchanged from its current state while the state gains new tax revenue from all the new jobs. Win win for Alabama.
01-10-2018 09:52 PM
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RE: No news, but downtown stadium prediction - hooverblazer - 01-10-2018 09:52 PM



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