Anybody here from Illinois?

Discussion in 'Economy' started by Wiseacre, Jun 9, 2011.

  1. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    So the state of Illinois raises state income tax by 67% and raises corp taxes to 9.5%, 4th highest in the country. The good news is, corp tax receipts are up $300 million. But the bad news is, the state has paid out $230 million in tax subsidies to keep more than 2 dozen companies from leaving the state, and more coming. I don't think they solved their budget problems.

    These are the companies the governor (D) expected to get more tax revenue from, Illinois voters were sold on the tax hike by telling them the big corps should pay their fair share. Instead, it's the little guys who aren't getting the tax breaks who are bearing the brunt of the tax increase. Illinois ranked 47th out of the 50 states in terms of job creation over the last decade. Wonder why.

    Question for those living in Illinois or nearby. What's the mood on the street for what's going on?
     
  2. Annie
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    Annie Diamond Member

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    It sucks! Once my house sells or I give it away, I'm out of here. I'm not alone.
     
  3. Missourian
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    Missourian Gold Member

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    Missouri loves it.




    In the Best/Worst States for Business Survey, Missouri is #3 most improved over the last five years, going from 41th (of 50) in 2006 to 23rd in 2011.

    Illinois is #1...in the worst losses in the last five years, dropping from 8th all the way to 48th in 2011.



    Keep up the good work Illinois.
     
  4. Mr. H.
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    Mr. H. Diamond Member

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    We're fucked.
     
  5. xsited1
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    xsited1 Agent P

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  6. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    You couldn't pay me to live in that corrupt shit hole.
     
  7. Avorysuds
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    Avorysuds Gold Member

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    Wow... TM would teach you noobs a thing or two. She believes people used to pay 90%+ taxes and that is what made America great...
     
  8. elvis
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    elvis BANNED Supporting Member

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    I'm from illinois originally.
     
  9. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    You know what'll happen as much as I do, Gov Quinn will give them a big fat tax break to stay, enough to cover the tax hike. But the small business smucks will be the ones who don't get the good deal, they're the ones who'll get fucked. With no kiss either.
     
  10. william the wie
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    william the wie Gold Member

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    IL and NY are toast the question is how soon will they default.
     

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