Friday, December 02, 2016

How Indiana and the U.S. benefit from the Carrier deal, guest blogger Jennifer

Jennifer Rymer Krawsczyn writes:

I figured this out using my OWN research, not spin from other sites. I will share the sites I used below. The $7 million tax break is over 10 years in tax incentives from Indiana (not the federal government). That is a $700,000 per year tax break over 10 years.

So if the average Indiana income tax paid for someone making $23/hr for a 40 hour work week (average listed for Carrier, link below) is $1,452 (link below), and you multiply that by 1100 people, Indiana brings in $1,597,2000 per year just in STATE INCOME TAX. 

Thus they will still be bringing in $897,200 in state income tax ABOVE the tax incentive. There is probably city tax and of course federal income tax, Social Security, and Medicare paid as well.

On the other hand, if these jobs were lost, many of those people would be put on unemployment, which is money out. And don't forget that the company pays taxes, the workers pay sales tax and buy things to keep the economy going, the company buys products from other companies. It's a good deal as far as I'm concerned.

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