Friday, March 02, 2007

Someone Does The Math - State Makes Money If They Give Marlins Tax Break

Barry Becher writes, "A new domed stadium would easily increase attendance to at least 20,000 per game. That means that at least 1.6 million people would attend Marlins games. Average ticket price would probably be $25, therefore generating $40 million in ticket sales. A 6 percent tax on these ticket sales would bring in $2.4 million to the state's coffers.

"Add in the sales tax on all the food sales and Marlins merchandise, figured conservatively at even $25 per person, and the sales tax number doubles. It would be easy to generate $4.8 million a year in sales taxes, thereby giving the state a profit of $2.8 million every year on their investment. That's a return of over 100 percent and $84 million that the state will lose if they don't keep the Marlins here." (SunSentinel)

No comments: