Sirsnapalot Loc: Hammond, Louisiana

what a dumb a$$!!

elad Loc: Arizona

Profit is the first goal of all businesses that wish to prosper. There is the chance that if Amazon did locate their headquarters in New York that they eventually would "run out" because of the New York insane tax situation which must, and therefore will only continue to get worse, so businesses and residents will continue to leave for greener pastures, where they can survive.

Without having a clue, it would seem that AOC had done Amazon a great long term favor, but not so the people she is supposedly representing.

DAN Phillips Loc: Graysville, GA

I think personally that a loud mouthed ex-bartender had a lot to do with!

jerryc41 Loc: Catskill Mts of NY

Like every other "great project that will bring thousands of jobs," it's the tax payers of NYC who would pay Amazon millions to move there. If Amazon had moved in like any other business and paid it's fair share, that would have been fine. Giving handouts to billionaires seems to be the American way, but it's not good for the people who actually pay taxes.

elad Loc: Arizona

From what I have read, not a penny would be paid to Amazon by "the tax payers," instead, Amazon would benefit from $2.9 billion in tax breaks. In return Amazon would create much needed high paying jobs in New York for 25,000 additional taxpayers.

Largobob

yes, we are idiots!

jerold222 Loc: Southern Minnesota

And Amazon pays zero in Taxes on over 11 billion profit last year.
http://fortune.com/2019/02/14/amazon-doesnt-pay-federal-taxes-2019/

Think about that for a while.

Curtis_Lowe Loc: Georgia

Ok folks here how it works, a local tax break or credit just means you do not pay the tax, No money that would have been there had you not come to town leaves the local treasury. If the company makes good on it's promises of good paying jobs you make the argument that those jobs would not have been there, those people spend the pay they get buying houses, cars, dinner out utilities ect. The economy benefits tremendously. It MAY not be fair to the business that do not get the credit they pay full fare but the local economy and tax base benefit for sure, but not as much as if there was no tax credit given.

al13

Nashville, TN bid high enough to purchase Amazon’s right to move here. Another sweetheart deal for Amazon.

bobmcculloch Loc: NYC, NY

I think this was such a stupid move on the part of the politicians and unions that I cannot talk about it, I will offend someone and start a war, 25,000 jobs, people off welfare and unemployment and the city gavetax breaks, money that they were not getting anyway.

star2344 Loc: Lakewood Ranch, FLorida

Sentences begin with capital letters.

Architect1776 Loc: In my mind

Also stupid snowflakes have no clue what tax breaks are. Amazon would still pay taxes. but instead of 31B in taxes it would be 28B in taxes including all the taxes ripped off from the employees will make up for the break it just goes through the employees paycheck instead of directly from Amazon.
So now they have lost 28B in direct revenue, billions in income taxes, billions in support business taxes, lost 25K jobs for people who would spend money. This is a real win for the communists/democrats. They are so proud they showed Amazon who is boss.

Cykdelic Loc: Now outside of Chiraq & Santa Fe, NM

Only cheddar logic will see as a negative that 13000 jobs laying, say, $45k are being replaced with 13000 jobs paying, say, $100k.

Cykdelic Loc: Now outside of Chiraq & Santa Fe, NM

It’s an interesting model IF one does the math and the company follows through.

Not so oddly, AOC appears to be so ignorant in both taxation and the laws she is on record as saying that NY can now use that money to give things to current New Yorkers (let me amend that.....it’s actual stupidity).

NY was giving tax BREAKS to Amazon, meaning Amazon would be paying less out over the years. If I recall the company was promising 25000 jobs paying an average of $150,000 per year, a total of $3.8 billion I. Gross salaries and est. $260-$340 million in local income taxes per year. But wait....there’s more! They will spend money in NY, which will create sales tax receipts, yes? It’s easy to model $88-120 million per year for sales tax collections.

Where are we? Oh.....as high as $460 million a year in collected taxes, which would be about a six year payback on the THEORETICAL gift to Amazon (which was really putting off the collection of direct taxes from the company, not actual cash paid out, on a project that has no other takers!!!)

What else? Oh....all the jobs to build the campus, the upgraded services and facilities that accompany such projects including better streets, traffic signals, and mass trans.

Finally, the company would EVENTUALLY be paying direct taxes to NY on their business activity.

Yes, Alexandria Ocasio Cortez is seriously flawed in brainpower, was one of the primary movers behind this loss, appears to have zero grasp on true economics and math, and should pay dearly for her devastating homage to socialism at the cost of the people of NY.

Cykdelic Loc: Now outside of Chiraq & Santa Fe, NM

....or perhaps AOC is just a useful idiot, a tool, for those trying to destroy America.