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The real estate used by interstate highways and airports
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[quote]QUOTE: <i>Originally posted by daveklepper</i> <br /><br />Police and fire departments also provide services to truckers and airports. <br /> <br />In addition to not paying realestate taxes, interstate highways, which are in the transprotation business after all, don't pay corporation taxes nor do airports. <br /> <br />The taxes themsevles are not a busidy; it is their relative absense on railroads' competitors that is a hidden subsidy. <br />[/quote] <br /> <br />You're still missing the point that everybody pays in one form or another. Interstate Highways & Airports don't pay corporate taxes, but virtually all commercial users do, and both generate significant development and related revenue to local governemnts(some of which goes to police & fire departments). Residential property values may go down, but commercial values often go up along with other related income. That's why local & state government are willing to use their bonding power to build these things. It's also why investors are willing to buy these bonds at lower rates of interest. And railroads aren't excluded, when there's direct value(i.e. positive cash flow) to local governments, as with light rail, intermodal ports, etc., they will use their bonding power to raise capital. If there's no benefit or a negative impact, NIMBY will apply. Politicians who ignore that probably won't get re-elected.
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