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One way or another, state will feel costly tug from Olympics

Even though the Boston 2024 Olympics committee has gone to great lengths to try to allay concerns that tax dollars will be required if Boston is chosen as the site, the group has been careful not to mention the tax implications for private and corporate investors. It’s hard to imagine that such donors will not seek tax deductions for their so-called generosity. How much lost tax revenue can we expect from this scheme?

Maybe no direct tax dollars will go into the budget of the Olympics — other than $1 billion of federal tax dollars expected for security — but won’t milllions of dollars be diverted from state coffers as a result of this splurge?

Walter McDonald