Apple incentives are the largest in NC history

This is over 39 years. $845.8M &#x2F; 39 = $21.68 million per year.<p>&gt; Apple is promising $1 billion in investment across the state, as well as 3,000 new jobs with an average annual salary of $187,000. All told, the state estimates more than $1 billion in economic benefits annually from the project.<p>Does Apple need that kickback? Probably not. But it&#x27;s also pretty negligible at only $21.68 million per year when they&#x27;re providing $1 billion of economic benefit annually. These are all high paying jobs so the state and local governments are going to get a massive amount of new taxes, even net of these rebates.

This would make me extremely uncomfortable as an employee. I expect my state taxes to go to help cover expenses across the state, pay for social programs, emergency expenditures, etc. Knowing that my tax dollars were being kicked back to my employer would make me feel like I wasn’t putting in my fair share. I understand that money is fungible and companies get tax breaks often but the way this is phrased puts a bad taste in my mouth.

I think the Amazon brouhaha of 2019 proved that most cities and states are ready to roll out the red carpet and give big sops to FAANG if they hint that they&#x27;re considering an office in their state.<p>Whether that is a net positive for the state and it&#x27;s residents remains to be seen. It can be enough if it&#x27;s a feather in the cap of a governor who&#x27;s up for reelection.

Small businesses are at a big competitive disadvantage, trying to compete with big companies that get these massive handouts. At least NC should apply the tax breaks evenly to any newly created jobs.<p>I wonder if it violates the prohibition against a bill of attainder or similar laws that benefit&#x2F;harm a specific party.

Corporate States of America. No better example to show the fleecing of our country&#x27;s governments than this. Absolutely disgusting at the dearth of integrity in lawmakers.

It&#x27;s interesting states or cities are allowed to give deferential tax treatment for specific companies. I thought that would be considered discrimination if you consider corporations as people.

Essentially they&#x27;re stealing money from their own employees. That&#x27;s what it amounts to.

I have some bad news: The competition is on an international stage. Raise taxes in New York? Billionaires flee to Singapore. No juicy incentives in Pittsburg? Welcome to Guongdong! Labor laws suck in California? Hope you like some asamlaksa and durian, off to Malaysia!

This should be illegal. First off, it is deeply immoral to tax employees and give the money straight to their employer. But also, you don’t want to have this situation where states are competing with each other to see who can give the most corporate welfare- it creates a race to the bottom that forces all the tax burden onto the middle class in every state. It ought to be a level playing field by federal law.