How long does it take to recover $7B in taxes? Someone have a hypothetical?
I'm not too proud to quote myself:
Some quick back of the envelope math:
If we take them at their word that they really will be employing 50,000 employees at $100,000 average salary, and if we figure an effective state income tax rate of 4%, that is $200m per year of new income tax in the state's coffers. That does not include the additional sales tax that these employees would pay, or the additional property tax that the campus would generate. And it certainly does not include the spin-off economic benefits of such a campus and all of the well-paid employees, which would be vast. So, I don't know what the right amount of subsidy would be to lure a project like this, but there's a staggering amount of money at play