News for hackers. Stuff that matters.

A comment on Iowa's handout to Apple illustrates the folly of corporate welfare deals. Parent comment

Re:Iowa's handout to Apple illustrates the folly of corporat... by vacri on Wednesday August 30, 2017 @10:24PM (#15137717)
> On top of that Apple is pledging to give them $100M for various things

The article points out that the pledge contains the significant words "up to", and is actually only pledging $20M. So, for $20M, they get $20M off their taxes, plus a 20-year tax abatement worth $190M.

Where can I, as an individual, sign up for such an awesome deal? I'll happily pay one year's income taxes to avoid the next 20.

[ Parent | on HN ]
Re:Iowa's handout to Apple illustrates the folly of corporat... by edabobojr on Thursday August 31, 2017 @09:53AM (#15140275)
Des Moines offers residential tax abatement on new construction and home improvements from renovation, a deal very similar to what Apple is receiving.
[ Parent | on HN ]
Re:Iowa's handout to Apple illustrates the folly of corporat... by EpicEng on Wednesday August 30, 2017 @10:35PM (#15137778)
>Where can I, as an individual, sign up for such an awesome deal?

Nowhere, because your tax dollars are a drop in the bucket. Don't pretend like you don't understand the difference between your few grand each year and Apple's tens of millions.

[ Parent | on HN ]