re: #157 PT Barnum

That’s assuming that the lower tax rate doesn’t have to be made up elsewhere. The jobs and income don’t always materialize, in which case, everybody else’s taxes go up to subsidize the company that got the tax break whether it’s on top of a current rate or low in the first place.

Well, here’s how it works here:

Because this sector generated $12.7 billion in Louisiana household earnings, state government collected more than $890 million in related taxes in the 2006 fiscal year.
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Because this sector generated $12.7 billion in household earnings, more than a half billion dollars ($560 million) was added to the treasuries of local governments in the 2006 fiscal year.

That’s income to the state and local jurisdictions resulting from employment.