Re:Head of StartUp NY leaving as jobs report is two months late
by gsu on Wednesday June 01, 2016 @04:47PM
(#11818022)
> Amazon managed to get $2.3 million per job out of the State of Texas.
That $2.3mm number ignores the 2,500 jobs and $200mm in capital investments that Amazon agreed to pay to wave off the $269mm in uncollected sales tax. [1] They've actually gone above and beyond those numbers (3,500 jobs and $300mm invested as of 2014) in addition to actually paying sales tax in the state, which yielded another $327mm in sales tax revenue just from 2012-2014.[2] So discounting the tax revenue that they're now receiving, Texas paid $16,571 for each of those 3,500 jobs.
That $2.3mm number ignores the 2,500 jobs and $200mm in capital investments that Amazon agreed to pay to wave off the $269mm in uncollected sales tax. [1] They've actually gone above and beyond those numbers (3,500 jobs and $300mm invested as of 2014) in addition to actually paying sales tax in the state, which yielded another $327mm in sales tax revenue just from 2012-2014.[2] So discounting the tax revenue that they're now receiving, Texas paid $16,571 for each of those 3,500 jobs.
[1] http://comptroller.texas.gov/news2012/120427-Amazon.html [2] http://www.mystatesman.com/news/business/did-texas-big-amazo...