Yeah, taxes come out of worker paychecks, so it doesn't matter that the big corporate entity with billions in the bank doesn't have to pay any. We can just hit up the workers with their mortgages and families.
Personally, I'd prefer a little more honest accounting, and maybe some more money going the workers' way, a little less going investors' way.
At least in Washington, there is no state income tax, the only thing removed from a workers paycheck is federal tax and social security. The taxes come a bit more indirectly, in the form of spending from employees. With a 9% sales tax, and at least 50,000 employees each for Microsoft and Boeing, Washington still gets money. Additionally, both Microsoft and Boeing more directly support the state economy in other ways (many donations, and support of public works, etc etc). Obviously, these tax breaks do lose the state some money, but there are some benefits to keeping these huge employers happy.
You made me hit some major cognitive dissonance here:
Additionally, both Microsoft and Boeing more directly support the state economy in other ways (many donations, and support of public works, etc etc). Obviously, these tax breaks do lose the state some money
Are they supporting the state economy or not? I doubt they can support the state economy by making the state lose money.
(Honest question, I'm not American and don't live in the state of Washington so I have no clue)
Personally, I'd prefer a little more honest accounting, and maybe some more money going the workers' way, a little less going investors' way.