No Name
Well-Known Member
It’s a short-term savings, if even that. The cost was $864 million, but they’d be getting a $570 million tax credit spread over 20 years, which Ron Desantis approved before the feud. That’s probably going to be tough to get in the future, to say the least.This is great news for The Walt Disney Company, they just saved $1 billion. Cutting unnecessary expenses.
Plus, considering the 3.34% difference in payroll taxes I definitely didn’t just look up, they’d probably save around $2K a year per imagineer. Plus, over time they’d hire at a lower salary, and since the mean salary in Florida is $10K lower than that in California, that would lead to significant savings over time.
So it’s not hard to imagine they would’ve made back their initial investment in less than 20 years, and I fully understand why they cancelled it, but certainly think they would’ve gone through with it if not for their current feud.