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A comment on It Started With a Jolt: How New York Became a Tech Town. Parent comment

Re:It Started With a Jolt: How New York Became a Tech Town by vonmoltke on Friday February 22, 2019 @11:34AM (#19226650)
> Amazon pays $0 in federal tax

Citation to actual financial statements needed. Their most recent 10-K indicates they paid $1.2B in total taxes.

> demanded $3 billion in local tax breaks

No, they didn't. At least $2.5B of that is on the table for any company that wants to build and office for 25,000 people in LIC.

> offered very little enforceable things in return

Not sure what you mean here. The majority of the tax breaks are directly tied to headcount or construction. No hiring/construction == no credits.

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Re:It Started With a Jolt: How New York Became a Tech Town by CPLX on Friday February 22, 2019 @01:52PM (#19227974)
> At least $2.5B of that is on the table for any company that wants to build and office for 25,000 people in LIC.

Right. Leaving $500MM in cold hard taxpayer dollars to build a building for the richest guy in the world so he could promptly compete with local businesses. Which, to be clear, was not something a lot of those taxpayers were happy about.

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Re:It Started With a Jolt: How New York Became a Tech Town by vonmoltke on Friday February 22, 2019 @04:10PM (#19229139)
$500MM is not $3B, and you don't get to lie about the amount just because you think its still a big number.
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Re:It Started With a Jolt: How New York Became a Tech Town by jakelazaroff on Friday February 22, 2019 @01:17PM (#19227629)
Amazon paying $0 in 2018 federal taxes was widely reported. Here's one citation: https://www.theguardian.com/technology/2019/feb/15/amazon-ta...
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Re:It Started With a Jolt: How New York Became a Tech Town by vonmoltke on Friday February 22, 2019 @04:09PM (#19229132)
That article is citing the same ITEP report that was posted here, a report which does not cite its sources. I'm not trusting ITEP to be any more unbiased than the Tax Foundation.
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