The Silicon Business Journal has reported that Ebay will add 450 more jobs to its global operations on Utah. Good for Utah? It’s certainly good for Ebay.
Get this: Ebay will receive $30 million from Utah in tax incentives to add these 450 jobs. Make sense? Do the math:
450 jobs =If each new hire pays $10,000 a year in state income tax (a hypothetically optimistic scenario), that would generate $4.5 million. That’s quite a bit less than the tax incentives Ebay will reap from its expansion.
And more people will be laid off soon from how many state budget cuts? And this will help the economy how?
Get this: Ebay will receive $30 million from Utah in tax incentives to add these 450 jobs. Make sense? Do the math:
450 jobs =If each new hire pays $10,000 a year in state income tax (a hypothetically optimistic scenario), that would generate $4.5 million. That’s quite a bit less than the tax incentives Ebay will reap from its expansion.
And more people will be laid off soon from how many state budget cuts? And this will help the economy how?
Deanna Dee-Dee Taylor 