Tuesday, October 10, 2006

The Cost of Two Acres of Swamp: $9.3 Million

Yah, on Menards...

Let's say that there will be 750 jobs NOT in Wisconsin.

Let's say that each of those jobs pays $25K/year, or $18,750,000.00 in direct payroll.

Let's say that each of those workers paid 3% of their wages in State income tax. $562,500.00 in taxes for Wisconsin's coffers.

Let's say that each of those workers also spent $10,000.00 on items subject to the Wisconsin Sales Tax. $375,000.00 in sales taxes for Wisconsin's coffers.

Those are safe estimates, maybe a touch conservative.

Tax loss: $937,500.00 every year for the next 10 years (or so.)

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