Travis County Gives Final Approval to Tax Incentives for Apple Expansion in Austin

11 bucks an hour. People at In n Out flipping burgers start at 10.

Apple got a sweet deal out of that one.
$35 million in tax breaks for creating low level tech jobs.
It will take decades for the City/County/State to break even on the deal.

new mac pros today?

Whew!!!

Glad they got that figured out. I was worried that apple might not be able to survive without the $35 million government subsidy.

Obviously mister Forbes is very concerned that people may demand that he and those like him paid more in taxes.

You are simply wrong. The Forbes flat tax plan and even the Ryan budget already passed in the house, reduces marginal rates but substantially reduces deductions. That increases the net cash payments of the very richest (top 20% not merely top 1%), and provides more net revenue to the government which is mandated to be applied to deficits and debt, not new spending.

The political debate is (D) higher taxes on the rich AND more debt and deficits, vs. (R) higher taxes on the rich with lower marginal rates to spur growth AND less debt and deficits.

The advantage to less debt and deficits is less money flowing to government bonds and more flowing to commercial bonds which is the exact source of employment and growth and wage increases. It really is that simple!

It is this exact cause that we are seeing lower wages, employment, and growth. The government sucking all the cash out of the bond market. A really big and hurtful sucking sound to real people. Side effect? Currency debasement and zero or less rate of return on savings. High gas and grocery prices.

This is real stuff.

Rocketman

Apple shouldn't require tax incentives.. they have enough money without leaching off tax payers.

BTW - it isn't being anti apple, its being realistic.. they have more money than god at the moment. They don't need incentives, just use their own hoard of money.

Average pay of $35,000? Low paying jobs.. sure it'll help the local economy. But ultimately, its like Apple ( or any other company ) have the attitude that they are doing the local area a favour by creating new jobs.