State's lawmakers pass 66 percent income tax increase

[GHook93]

http://www.usmessageboard.com/3192847-post10.html

There are two types of taxations flow-through and dual taxation. Flow-through gets taxed on the individual's (owners/shareholder for S Corps) income tax based on profits. It hits everyone but the C Corp. S Corps, LLC, GP, LP, LLP etc. so the 2% increase in taxes will hit these guys.

The Dual taxation is where the Corporate taxes comes into play. C Corps get hit with the dual tax and hence will be hit with the highest Corporate Tax Rate on Earth at the entity level and then at the shareholder level distribution. The List of IL C-Corps are who is going to get effected and who have just been provided all the incentive a bad politician/business man could give to a company to relocate!


Note on State Corporate Tax - It is just not taxed on Corporations headquartered in the state its also on income/revenue or activities within the jurisdiction. That includes domestic (companies organized in that state) or foreign (companies that have significant presence or create revenue from the state, but organized in another state)!

THE BIG ONES - Headquartered in IL (aka Fortune 500 Co):
McDonald's
Sears
Caterpillar
John Deere
United Airlines
Boeing
AON
RR Donnelley
Exelon
Smurfit Stone Container
Tribune Co
USG Corporations
Abbott Labs
Allstate
Baxter
Brunswick
CDW
Fortune Brands
Hewitt Assoc
IL Tool Work
Motorola
Navistar
NiSource
Sara Lee
Tenneco
United Stationers
Walgreens
WW Grainger


The following companies have headquarters within the Chicago city limits:

Aon Corporation (ranked #298 on the 2010 Fortune 500 list)
A.T. Kearney
Bally Total Fitness
Boeing (ranked #28 on the 2010 Fortune 500 list)
CareerBuilder
Chicago Board Options Exchange
CME Group
Chicago Stock Exchange
Citadel Investment Group
Classified Ventures
CNA Financial (an affiliate of Loews Corporation)
Diamond Management & Technology Consultants
Encyclopædia Britannica, Inc.
Equity Office Properties Trust
Exelon (ranked #134 on the 2010 Fortune 500 list)
GATX Corporation
General Growth Properties
Global Hyatt
Hartmarx
Hostway
Integrys Energy Group
InterCall
Jones Lang LaSalle
Kerasotes Theatres
Koval Distillery
La Petite Academy
Magnetar Capital
Merisant
Metal Management
Midway Games
MillerCoors
Morningstar, Inc.
Morton Salt
National Stock Exchange
NAVTEQ
Northern Trust
Old Republic International
Orbitz
Playboy Enterprises
PTI Securities & Futures
Quaker Oats Company, a unit of PepsiCo
RR Donnelley (Ranked #240 on the 2010 Fortune 500 list)
Ryerson, Inc.
ShoreBank
Skidmore, Owings and Merrill
Smurfit-Stone Container (Ranked #374 on the 2010 Fortune 500 list)
SSA Global Technologies
SymphonyIRI Group
Telephone and Data Systems Incorporated
Tootsie Roll Industries
TransUnion
Tribune Company (Fortune 500)
True Value
UBid
United Airlines (Corporate Offices) (Ranked #140 on the 2010 Fortune 500 list)
Unitrin Inc (S&P 400 MidCap, S&P 1500 Super Comp)
U.S. Cellular
USG Corporation (Ranked #458 on the Fortune 500)
Whittman-Hart
Wilson Sporting Goods
World Book Encyclopedia
Wm. Wrigley Jr. Company


The following companies are based in Chicago's suburbs:

AAR Corporation (Wood Dale, Illinois)
Abbott Laboratories (Abbott Park, Illinois) (Fortune 500)
ACCO Brands (Lincolnshire, Illinois)
Accuquote (Wheeling, Illinois)
Ace Hardware (Oak Brook, Illinois)
ACNielsen (Schaumburg, Illinois)
Alberto-Culver (Melrose Park, Illinois)
Allstate (Northbrook, Illinois) (Fortune 500)
Andrew Corporation (Westchester, Illinois)
Anixter International (Glenview, Illinois)
Aquascape, Inc. (St. Charles, Illinois)
Arthur J. Gallagher & Co. (Itasca, Illinois)
Baxter International (Deerfield, Illinois) (Fortune 500)
BFG Technologies (Lake Forest, Illinois)
Blistex, Incorporated (Oak Brook, Illinois)
Brunswick Corporation (Lake Forest, Illinois) (Fortune 500)
Calamos Holdings LLC (Naperville, Illinois)
Career Education Corporation (Hoffman Estates, Illinois)
CDW (Vernon Hills, Illinois) (Ranked #376 on the Fortune 500)
CF Industries (Deerfield, Illinois)
Claire's (Hoffman Estates, Illinois)
Corn Products International (Westchester, Illinois)
Così (Deerfield, Illinois)
Coskata, Inc. (Warrenville, Illinois)
Crate and Barrel (Northbrook, Illinois)
Culligan (Rosemont, Illinois)
DeVry University (Oakbrook Terrace, Illinois)
Discover Financial Services (Riverwoods, Illinois)
Donlen Corporation (Northbrook, Illinois)
Eby-Brown (Naperville, Illinois)
Electro-Motive Diesel (McCook, Illinois)
Farm Progress (St. Charles, Illinois)
Fellowes, Inc. (Itasca, Illinois)
First Alert (BRK Brands) (Aurora, Illinois)
Follett Corporation (River Grove, Illinois)
Fortune Brands (Jim Beam, Courvoisier, Titleist and many others) (Deerfield, Illinois) (Fortune 500)
Grant Thornton LLP (Oakbrook Terrace, Illinois)
Griffith Laboratories (Alsip, Illinois)
Hendrickson International (Lemont, Illinois; a subsidiary of The Boler Company (Itasca, Illinois))
Hewitt Associates (Lincolnshire, Illinois) (Fortune 500)
Hospira (Lake Forest, Illinois)
IDEX Corporation (Northbrook, Illinois)
Illinois Tool Works (Glenview, Illinois) (Fortune 500)
Kraft Foods (Northfield, Illinois)
McDonald's Corporation (Oak Brook, Illinois) (Fortune 500)
Mead Johnson Nutrition (Glenview, Illinois)
Molex (Lisle, Illinois)
Motorola (Schaumburg, Illinois) (Fortune 500)
Nalco Holding Company (Naperville, Illinois)
Namco Cybertainment (Bensenville, Illinois; a subsidiary of Japan-based Namco)
Navistar International (Warrenville, Illinois) (Fortune 500)
Nicor (Naperville, Illinois) (S&P 500)
NiSource (Merrillville, Indiana) (Fortune 500)
Northfield Laboratories (Evanston, Illinois)
OfficeMax (Naperville, Illinois)
Pactiv (Lake Forest, Illinois)
The Pampered Chef (Addison, Illinois)
Portillo's Restaurants (Oakbrook Terrace, Illinois)
Quill Corporation (Lincolnshire, Illinois)
Rand McNally (Skokie, Illinois), a subsidiary of Quebecor World
Redbox Automated Retail, LLC (Oakbrook Terrace, Illinois)
Sanford (Oak Brook, Illinois; a division of Newell Rubbermaid)
Sara Lee Corporation (Downers Grove, Illinois) (Fortune 500)
Sauer-Danfoss (Lincolnshire, Illinois)
Sears Holdings Corporation (Hoffman Estates, Illinois) (Fortune 500)
Serta (Hoffman Estates, Illinois)
Shure (Niles, Illinois)
SIRVA (Westmont, Illinois)
Solo Cup Company (Highland Park, Illinois)
Stepan Company (Northfield, Illinois)
TAP Pharmaceuticals (Lake Forest, Illinois)
Tellabs (Naperville, Illinois)
Tenneco (Lake Forest, IL) (Fortune 500)
Topco Associates, LLC (Skokie, Illinois)
Turtle Wax (Willowbrook, Illinois)
Ulta (Bolingbrook, Illinois)
Underwriters Laboratories (Northbrook, Illinois)
United Airlines (Base of Operations) (Elk Grove Township) (Fortune 500)
United Stationers (Deerfield, Illinois) (Fortune 500)
U.S. Foodservice (Rosemont, Illinois)
U.S. Robotics (Schaumburg, Illinois)
Van Kampen Investments (Oakbrook Terrace, Illinois)
Vanee Foods (Berkeley, Illinois)
Velsicol Chemical Corporation (Rosemont, Illinois)
Walgreens (Deerfield, Illinois) (Fortune 500)
Weber-Stephen Products Co. (Palatine, Illinois)
Westell (Aurora, Illinois)
WMS Gaming (Waukegan, Illinois)
World Dryer (Berkeley, Illinois; a subsidiary of Carrier Commercial Refrigeration)
World Kitchen (Rosemont, Illinois)
W. W. Grainger (Lake Forest, Illinois) (Fortune 500)
Zebra Technologies (Vernon Hills, Illinois)
Zenith Electronics (Lincolnshire, Illinois; a subsidiary of South Korea-based LG Electronics)



Other large corporations with an established presence in Chicago and/or its suburbs (but whose corporate headquarters are located elsewhere), including:

ABN AMRO (Asset Management)
Accenture (Chicago; Global headquarters: Dublin, Ireland)
Acxiom (Downers Grove, Illinois)
Affiliated Computer Services (ACS) (Schaumburg, Illinois) (Fortune 500)
Ajinomoto (Ajinomoto Food Ingredients LLC & Ajinomoto Heartland LLC) (Chicago)
AkzoNobel (Polymer Chemicals Unit)
ALDI (U.S. headquarters: Batavia, Illinois)
Amada Co (Amada Machine Tools America) (Schaumburg, Illinois)
ArcelorMittal (U.S. headquarters: Chicago Loop; plants in Riverdale, Illinois, East Chicago, Indiana, and Burns Harbor, Indiana)
Astellas Pharma (Deerfield, Illinois)
AT&T
Bank of America
Bank of Montreal (Harris Bankcorp, BMO Capital Markets)
BMW of North America (Central Region Office) (Schaumburg, Illinois)
BP (Warrenville and Naperville, Illinois; Whiting, Indiana)
Bridgestone (Bridgestone Retail Operations, LLC) (Bloomingdale, Illinois)
Butterball LLC (Naperville, Illinois)
Canon USA (Itasca, Illinois)
Cargill (Chicago; Hammond, Indiana)
Caterpillar Inc. (Peoria, Illinois)
Citgo (Lemont Refinery, Lemont, Illinois)
ConAgra Foods (Downers Grove, Illinois)
Continental Automotive Systems (Temic) (Deer Park, Illinois)
CSX Transportation (Northern Region Operations Center) (Calumet City, Illinois)
Dyson Appliances Limited (Dyson US) (Chicago)
Experian (Schaumburg)
FANUC (Hoffman Estates, Illinois)
Fitch Group
Ford Motor Company (Chicago Assembly, Chicago Heights Stamping)
Fujifilm (Fujifilm Medical) Hanover Park, Illinois)
General Electric
Goldman Sachs
HSBC Finance, a subsidiary of HSBC (Mettawa, Illinois)
Hyundai Motor Company (Aurora, Illinois)
IBM
Ineos/Innovene (Chicago and Naperville, Illinois; Whiting, Indiana)
JPMorgan Chase (See: Bank One Corporation)
Lucent Technologies
Makino (Elgin, Illinois)
McKesson Corporation (Wheeling, Illinois)
McGraw-Hill (Chicago Loop)
Microsoft (Chicago Loop; Downers Grove, Illinois; Northlake, Illinois (data center))
Mintel
Mitsubishi Electric (Mitsubishi Electric Automation, Inc.) (Vernon Hills, Illinois)
Mitutoyo (Aurora, Illinois)
Mori Seiki (U.S. headquarters: Hoffman Estates, Illinois)
Navigon (Navigon Inc., Chicago)
NEC (NEC Display Solutions) (Itasca, Illinois)
Nissan Motors (Aurora, Illinois (Nissan North America); Marengo, Illinois (Nissan Forklift))
Noritake (Arlington Heights, Illinois)
Nortel (Schaumburg, Illinois)
Northrop Grumman Electronic Systems (Rolling Meadows, Illinois)
OMRON (Schaumburg, Bannockburn, St. Charles)
Panasonic Corporation (Panasonic Factory Solutions Company of America) (Rolling Meadows & Buffalo Grove, Illinois)
Pearson Education, publishing as Scott Foresman (Glenview, Illinois)
PepsiAmericas (corporate offices) (Schaumburg, Illinois)
Popular, Inc. (Banco Popular North America) (Rosemont, Illinois)
Rexam
Robert Bosch Corp. (Broadview, Illinois (automotive aftermarket); Mount Prospect, Illinois (production tools); Hoffman Estates, Illinois (Bosch Rexroth))
Rockwell Automation (Burr Ridge, Illinois)
SAP AG (Downers Grove, Illinois)
Schneider Electric (Palatine, Illinois)
Siemens Healthcare Diagnostics (U.S. headquarters: Deerfield, Illinois)
Siemens Medical Solutions (Hoffman Estates, Illinois)
Smithfield Foods (Armour-Eckrich Meats LLC) (Lisle and St. Charles, Illinois)
Southwest Airlines (Chicago Midway International Airport)
SSAB North America (Lisle, Illinois)
STMicroelectronics (Schaumburg, Illinois)
Sumitomo Corporation of America (Rosemont, Illinois)
Takeda Pharmaceutical Company (U.S. headquarters: Deerfield, Illinois)
Toshiba America (Arlington Heights; Buffalo Grove; Chicago Loop; Rolling Meadows)
Toyota Motor Sales, U.S.A., Inc. (Aurora and Naperville, Illinois)
Tyco International (Tyco Electrical & Metal Products) (Harvey, Illinois)
UBS AG
Unilever (Home & Personal Care North America) (Chicago)
UPS (CACH) (Hodgkins, Illinois)
UOP LLC, a subsidiary of Honeywell (Des Plaines, Illinois)
U.S. Steel (Gary Works) (Gary, Indiana)
Willis Group Holdings (Chicago Loop - Willis Tower, Schaumburg, Illinois)
XL Capital (Chicago Loop, Schaumburg, Illinois)
Yaskawa Electric Corporation (Waukegan, Illinois)
ZF Friedrichshafen (Vernon Hills, Illinois)
Zurich Financial Services (Schaumburg, Illinois)

 

[Two Thumbs]

Should have sold/leased the highway like Indiana did several years ago. That money and Daniels cuts in government has kept Indiana budget balanced through out this depression/recession. He even reduced our property taxes during this time.

I would truly love to see Daniels run for Prez. He would get my vote.

This guy could probably straighten out the mess the entire country is in.

Hmm

Daniels/Cristi Cristi/Daniels 2012?

 

[LordBrownTrout]

That's a huge hike. If I owned a corporation in that state, plans would be made to move out.

 

[Missourian]

SPRINGFIELD, Ill. — Illinois lawmakers have approved a politically risky 66 percent income tax increase in an effort to solve a historic budget crisis.

State's lawmakers pass 66 percent tax increase - Politics - More politics - msnbc.com
By DEANNA BELLANDI
The Associated Press

The bill now goes to Democratic Gov. Pat Quinn, who supports the plan.

It would temporarily We know that's not true. Spending will increase if it even gets close to balancing the budget. set the personal tax rate at 5 percent, up from 3 percent now. Corporate taxes would climb, too.

Quinn's office says the tax increase would generate about $6.8 billion annually, helping close a budget hole that could hit $15 billion this year. As long as companies don't move out. Indiana must be very happy at this idiocy.

In sheer percentage terms, the increase could be the biggest on the long list of those passed as states grapple with nationwide economic woes. We're number 1! We're number 1! We're number 1!

The Illinois Senate approved the measure 30-29 early Wednesday. The House had approved it late Tuesday.




It's rare that I'm glad I no longer live there. But it's moments like this that really drive it in that I will never move back home.

That's great news!!!

.
.
.
.

.
..
.
.
.
....for Missouri.

 

[Two Thumbs]

SPRINGFIELD, Ill. — Illinois lawmakers have approved a politically risky 66 percent income tax increase in an effort to solve a historic budget crisis.

State's lawmakers pass 66 percent tax increase - Politics - More politics - msnbc.com
By DEANNA BELLANDI
The Associated Press

The bill now goes to Democratic Gov. Pat Quinn, who supports the plan.

It would temporarily We know that's not true. Spending will increase if it even gets close to balancing the budget. set the personal tax rate at 5 percent, up from 3 percent now. Corporate taxes would climb, too.

Quinn's office says the tax increase would generate about $6.8 billion annually, helping close a budget hole that could hit $15 billion this year. As long as companies don't move out. Indiana must be very happy at this idiocy.

In sheer percentage terms, the increase could be the biggest on the long list of those passed as states grapple with nationwide economic woes. We're number 1! We're number 1! We're number 1!

The Illinois Senate approved the measure 30-29 early Wednesday. The House had approved it late Tuesday.




It's rare that I'm glad I no longer live there. But it's moments like this that really drive it in that I will never move back home.

That's great news!!!

.
.
.
.

.
..
.
.
.
....for Missouri.

and Indiana, Kentucky and yes even Michagan.

When I lived in Cairo, I went into Mizz to get gas every week b/c it was cheaper.

 

[Jackson]

http://www.usmessageboard.com/3192847-post10.html

There are two types of taxations flow-through and dual taxation. Flow-through gets taxed on the individual's (owners/shareholder for S Corps) income tax based on profits. It hits everyone but the C Corp. S Corps, LLC, GP, LP, LLP etc. so the 2% increase in taxes will hit these guys.

The Dual taxation is where the Corporate taxes comes into play. C Corps get hit with the dual tax and hence will be hit with the highest Corporate Tax Rate on Earth at the entity level and then at the shareholder level distribution. The List of IL C-Corps are who is going to get effected and who have just been provided all the incentive a bad politician/business man could give to a company to relocate!


Note on State Corporate Tax - It is just not taxed on Corporations headquartered in the state its also on income/revenue or activities within the jurisdiction. That includes domestic (companies organized in that state) or foreign (companies that have significant presence or create revenue from the state, but organized in another state)!

THE BIG ONES - Headquartered in IL (aka Fortune 500 Co):
McDonald's
Sears
Caterpillar
John Deere
United Airlines
Boeing
AON
RR Donnelley
Exelon
Smurfit Stone Container
Tribune Co
USG Corporations
Abbott Labs
Allstate
Baxter
Brunswick
CDW
Fortune Brands
Hewitt Assoc
IL Tool Work
Motorola
Navistar
NiSource
Sara Lee
Tenneco
United Stationers
Walgreens
WW Grainger


The following companies have headquarters within the Chicago city limits:

Aon Corporation (ranked #298 on the 2010 Fortune 500 list)
A.T. Kearney
Bally Total Fitness
Boeing (ranked #28 on the 2010 Fortune 500 list)
CareerBuilder
Chicago Board Options Exchange
CME Group
Chicago Stock Exchange
Citadel Investment Group
Classified Ventures
CNA Financial (an affiliate of Loews Corporation)
Diamond Management & Technology Consultants
Encyclopædia Britannica, Inc.
Equity Office Properties Trust
Exelon (ranked #134 on the 2010 Fortune 500 list)
GATX Corporation
General Growth Properties
Global Hyatt
Hartmarx
Hostway
Integrys Energy Group
InterCall
Jones Lang LaSalle
Kerasotes Theatres
Koval Distillery
La Petite Academy
Magnetar Capital
Merisant
Metal Management
Midway Games
MillerCoors
Morningstar, Inc.
Morton Salt
National Stock Exchange
NAVTEQ
Northern Trust
Old Republic International
Orbitz
Playboy Enterprises
PTI Securities & Futures
Quaker Oats Company, a unit of PepsiCo
RR Donnelley (Ranked #240 on the 2010 Fortune 500 list)
Ryerson, Inc.
ShoreBank
Skidmore, Owings and Merrill
Smurfit-Stone Container (Ranked #374 on the 2010 Fortune 500 list)
SSA Global Technologies
SymphonyIRI Group
Telephone and Data Systems Incorporated
Tootsie Roll Industries
TransUnion
Tribune Company (Fortune 500)
True Value
UBid
United Airlines (Corporate Offices) (Ranked #140 on the 2010 Fortune 500 list)
Unitrin Inc (S&P 400 MidCap, S&P 1500 Super Comp)
U.S. Cellular
USG Corporation (Ranked #458 on the Fortune 500)
Whittman-Hart
Wilson Sporting Goods
World Book Encyclopedia
Wm. Wrigley Jr. Company


The following companies are based in Chicago's suburbs:

AAR Corporation (Wood Dale, Illinois)
Abbott Laboratories (Abbott Park, Illinois) (Fortune 500)
ACCO Brands (Lincolnshire, Illinois)
Accuquote (Wheeling, Illinois)
Ace Hardware (Oak Brook, Illinois)
ACNielsen (Schaumburg, Illinois)
Alberto-Culver (Melrose Park, Illinois)
Allstate (Northbrook, Illinois) (Fortune 500)
Andrew Corporation (Westchester, Illinois)
Anixter International (Glenview, Illinois)
Aquascape, Inc. (St. Charles, Illinois)
Arthur J. Gallagher & Co. (Itasca, Illinois)
Baxter International (Deerfield, Illinois) (Fortune 500)
BFG Technologies (Lake Forest, Illinois)
Blistex, Incorporated (Oak Brook, Illinois)
Brunswick Corporation (Lake Forest, Illinois) (Fortune 500)
Calamos Holdings LLC (Naperville, Illinois)
Career Education Corporation (Hoffman Estates, Illinois)
CDW (Vernon Hills, Illinois) (Ranked #376 on the Fortune 500)
CF Industries (Deerfield, Illinois)
Claire's (Hoffman Estates, Illinois)
Corn Products International (Westchester, Illinois)
Così (Deerfield, Illinois)
Coskata, Inc. (Warrenville, Illinois)
Crate and Barrel (Northbrook, Illinois)
Culligan (Rosemont, Illinois)
DeVry University (Oakbrook Terrace, Illinois)
Discover Financial Services (Riverwoods, Illinois)
Donlen Corporation (Northbrook, Illinois)
Eby-Brown (Naperville, Illinois)
Electro-Motive Diesel (McCook, Illinois)
Farm Progress (St. Charles, Illinois)
Fellowes, Inc. (Itasca, Illinois)
First Alert (BRK Brands) (Aurora, Illinois)
Follett Corporation (River Grove, Illinois)
Fortune Brands (Jim Beam, Courvoisier, Titleist and many others) (Deerfield, Illinois) (Fortune 500)
Grant Thornton LLP (Oakbrook Terrace, Illinois)
Griffith Laboratories (Alsip, Illinois)
Hendrickson International (Lemont, Illinois; a subsidiary of The Boler Company (Itasca, Illinois))
Hewitt Associates (Lincolnshire, Illinois) (Fortune 500)
Hospira (Lake Forest, Illinois)
IDEX Corporation (Northbrook, Illinois)
Illinois Tool Works (Glenview, Illinois) (Fortune 500)
Kraft Foods (Northfield, Illinois)
McDonald's Corporation (Oak Brook, Illinois) (Fortune 500)
Mead Johnson Nutrition (Glenview, Illinois)
Molex (Lisle, Illinois)
Motorola (Schaumburg, Illinois) (Fortune 500)
Nalco Holding Company (Naperville, Illinois)
Namco Cybertainment (Bensenville, Illinois; a subsidiary of Japan-based Namco)
Navistar International (Warrenville, Illinois) (Fortune 500)
Nicor (Naperville, Illinois) (S&P 500)
NiSource (Merrillville, Indiana) (Fortune 500)
Northfield Laboratories (Evanston, Illinois)
OfficeMax (Naperville, Illinois)
Pactiv (Lake Forest, Illinois)
The Pampered Chef (Addison, Illinois)
Portillo's Restaurants (Oakbrook Terrace, Illinois)
Quill Corporation (Lincolnshire, Illinois)
Rand McNally (Skokie, Illinois), a subsidiary of Quebecor World
Redbox Automated Retail, LLC (Oakbrook Terrace, Illinois)
Sanford (Oak Brook, Illinois; a division of Newell Rubbermaid)
Sara Lee Corporation (Downers Grove, Illinois) (Fortune 500)
Sauer-Danfoss (Lincolnshire, Illinois)
Sears Holdings Corporation (Hoffman Estates, Illinois) (Fortune 500)
Serta (Hoffman Estates, Illinois)
Shure (Niles, Illinois)
SIRVA (Westmont, Illinois)
Solo Cup Company (Highland Park, Illinois)
Stepan Company (Northfield, Illinois)
TAP Pharmaceuticals (Lake Forest, Illinois)
Tellabs (Naperville, Illinois)
Tenneco (Lake Forest, IL) (Fortune 500)
Topco Associates, LLC (Skokie, Illinois)
Turtle Wax (Willowbrook, Illinois)
Ulta (Bolingbrook, Illinois)
Underwriters Laboratories (Northbrook, Illinois)
United Airlines (Base of Operations) (Elk Grove Township) (Fortune 500)
United Stationers (Deerfield, Illinois) (Fortune 500)
U.S. Foodservice (Rosemont, Illinois)
U.S. Robotics (Schaumburg, Illinois)
Van Kampen Investments (Oakbrook Terrace, Illinois)
Vanee Foods (Berkeley, Illinois)
Velsicol Chemical Corporation (Rosemont, Illinois)
Walgreens (Deerfield, Illinois) (Fortune 500)
Weber-Stephen Products Co. (Palatine, Illinois)
Westell (Aurora, Illinois)
WMS Gaming (Waukegan, Illinois)
World Dryer (Berkeley, Illinois; a subsidiary of Carrier Commercial Refrigeration)
World Kitchen (Rosemont, Illinois)
W. W. Grainger (Lake Forest, Illinois) (Fortune 500)
Zebra Technologies (Vernon Hills, Illinois)
Zenith Electronics (Lincolnshire, Illinois; a subsidiary of South Korea-based LG Electronics)



Other large corporations with an established presence in Chicago and/or its suburbs (but whose corporate headquarters are located elsewhere), including:

ABN AMRO (Asset Management)
Accenture (Chicago; Global headquarters: Dublin, Ireland)
Acxiom (Downers Grove, Illinois)
Affiliated Computer Services (ACS) (Schaumburg, Illinois) (Fortune 500)
Ajinomoto (Ajinomoto Food Ingredients LLC & Ajinomoto Heartland LLC) (Chicago)
AkzoNobel (Polymer Chemicals Unit)
ALDI (U.S. headquarters: Batavia, Illinois)
Amada Co (Amada Machine Tools America) (Schaumburg, Illinois)
ArcelorMittal (U.S. headquarters: Chicago Loop; plants in Riverdale, Illinois, East Chicago, Indiana, and Burns Harbor, Indiana)
Astellas Pharma (Deerfield, Illinois)
AT&T
Bank of America
Bank of Montreal (Harris Bankcorp, BMO Capital Markets)
BMW of North America (Central Region Office) (Schaumburg, Illinois)
BP (Warrenville and Naperville, Illinois; Whiting, Indiana)
Bridgestone (Bridgestone Retail Operations, LLC) (Bloomingdale, Illinois)
Butterball LLC (Naperville, Illinois)
Canon USA (Itasca, Illinois)
Cargill (Chicago; Hammond, Indiana)
Caterpillar Inc. (Peoria, Illinois)
Citgo (Lemont Refinery, Lemont, Illinois)
ConAgra Foods (Downers Grove, Illinois)
Continental Automotive Systems (Temic) (Deer Park, Illinois)
CSX Transportation (Northern Region Operations Center) (Calumet City, Illinois)
Dyson Appliances Limited (Dyson US) (Chicago)
Experian (Schaumburg)
FANUC (Hoffman Estates, Illinois)
Fitch Group
Ford Motor Company (Chicago Assembly, Chicago Heights Stamping)
Fujifilm (Fujifilm Medical) Hanover Park, Illinois)
General Electric
Goldman Sachs
HSBC Finance, a subsidiary of HSBC (Mettawa, Illinois)
Hyundai Motor Company (Aurora, Illinois)
IBM
Ineos/Innovene (Chicago and Naperville, Illinois; Whiting, Indiana)
JPMorgan Chase (See: Bank One Corporation)
Lucent Technologies
Makino (Elgin, Illinois)
McKesson Corporation (Wheeling, Illinois)
McGraw-Hill (Chicago Loop)
Microsoft (Chicago Loop; Downers Grove, Illinois; Northlake, Illinois (data center))
Mintel
Mitsubishi Electric (Mitsubishi Electric Automation, Inc.) (Vernon Hills, Illinois)
Mitutoyo (Aurora, Illinois)
Mori Seiki (U.S. headquarters: Hoffman Estates, Illinois)
Navigon (Navigon Inc., Chicago)
NEC (NEC Display Solutions) (Itasca, Illinois)
Nissan Motors (Aurora, Illinois (Nissan North America); Marengo, Illinois (Nissan Forklift))
Noritake (Arlington Heights, Illinois)
Nortel (Schaumburg, Illinois)
Northrop Grumman Electronic Systems (Rolling Meadows, Illinois)
OMRON (Schaumburg, Bannockburn, St. Charles)
Panasonic Corporation (Panasonic Factory Solutions Company of America) (Rolling Meadows & Buffalo Grove, Illinois)
Pearson Education, publishing as Scott Foresman (Glenview, Illinois)
PepsiAmericas (corporate offices) (Schaumburg, Illinois)
Popular, Inc. (Banco Popular North America) (Rosemont, Illinois)
Rexam
Robert Bosch Corp. (Broadview, Illinois (automotive aftermarket); Mount Prospect, Illinois (production tools); Hoffman Estates, Illinois (Bosch Rexroth))
Rockwell Automation (Burr Ridge, Illinois)
SAP AG (Downers Grove, Illinois)
Schneider Electric (Palatine, Illinois)
Siemens Healthcare Diagnostics (U.S. headquarters: Deerfield, Illinois)
Siemens Medical Solutions (Hoffman Estates, Illinois)
Smithfield Foods (Armour-Eckrich Meats LLC) (Lisle and St. Charles, Illinois)
Southwest Airlines (Chicago Midway International Airport)
SSAB North America (Lisle, Illinois)
STMicroelectronics (Schaumburg, Illinois)
Sumitomo Corporation of America (Rosemont, Illinois)
Takeda Pharmaceutical Company (U.S. headquarters: Deerfield, Illinois)
Toshiba America (Arlington Heights; Buffalo Grove; Chicago Loop; Rolling Meadows)
Toyota Motor Sales, U.S.A., Inc. (Aurora and Naperville, Illinois)
Tyco International (Tyco Electrical & Metal Products) (Harvey, Illinois)
UBS AG
Unilever (Home & Personal Care North America) (Chicago)
UPS (CACH) (Hodgkins, Illinois)
UOP LLC, a subsidiary of Honeywell (Des Plaines, Illinois)
U.S. Steel (Gary Works) (Gary, Indiana)
Willis Group Holdings (Chicago Loop - Willis Tower, Schaumburg, Illinois)
XL Capital (Chicago Loop, Schaumburg, Illinois)
Yaskawa Electric Corporation (Waukegan, Illinois)
ZF Friedrichshafen (Vernon Hills, Illinois)
Zurich Financial Services (Schaumburg, Illinois)

Wonder what this list will look like a year from now.

 

[Two Thumbs]

http://www.usmessageboard.com/3192847-post10.html

There are two types of taxations flow-through and dual taxation. Flow-through gets taxed on the individual's (owners/shareholder for S Corps) income tax based on profits. It hits everyone but the C Corp. S Corps, LLC, GP, LP, LLP etc. so the 2% increase in taxes will hit these guys.

The Dual taxation is where the Corporate taxes comes into play. C Corps get hit with the dual tax and hence will be hit with the highest Corporate Tax Rate on Earth at the entity level and then at the shareholder level distribution. The List of IL C-Corps are who is going to get effected and who have just been provided all the incentive a bad politician/business man could give to a company to relocate!


Note on State Corporate Tax - It is just not taxed on Corporations headquartered in the state its also on income/revenue or activities within the jurisdiction. That includes domestic (companies organized in that state) or foreign (companies that have significant presence or create revenue from the state, but organized in another state)!

THE BIG ONES - Headquartered in IL (aka Fortune 500 Co):
McDonald's
Sears
Caterpillar
John Deere
United Airlines
Boeing
AON
RR Donnelley
Exelon
Smurfit Stone Container
Tribune Co
USG Corporations
Abbott Labs
Allstate
Baxter
Brunswick
CDW
Fortune Brands
Hewitt Assoc
IL Tool Work
Motorola
Navistar
NiSource
Sara Lee
Tenneco
United Stationers
Walgreens
WW Grainger


The following companies have headquarters within the Chicago city limits:

Aon Corporation (ranked #298 on the 2010 Fortune 500 list)
A.T. Kearney
Bally Total Fitness
Boeing (ranked #28 on the 2010 Fortune 500 list)
CareerBuilder
Chicago Board Options Exchange
CME Group
Chicago Stock Exchange
Citadel Investment Group
Classified Ventures
CNA Financial (an affiliate of Loews Corporation)
Diamond Management & Technology Consultants
Encyclopædia Britannica, Inc.
Equity Office Properties Trust
Exelon (ranked #134 on the 2010 Fortune 500 list)
GATX Corporation
General Growth Properties
Global Hyatt
Hartmarx
Hostway
Integrys Energy Group
InterCall
Jones Lang LaSalle
Kerasotes Theatres
Koval Distillery
La Petite Academy
Magnetar Capital
Merisant
Metal Management
Midway Games
MillerCoors
Morningstar, Inc.
Morton Salt
National Stock Exchange
NAVTEQ
Northern Trust
Old Republic International
Orbitz
Playboy Enterprises
PTI Securities & Futures
Quaker Oats Company, a unit of PepsiCo
RR Donnelley (Ranked #240 on the 2010 Fortune 500 list)
Ryerson, Inc.
ShoreBank
Skidmore, Owings and Merrill
Smurfit-Stone Container (Ranked #374 on the 2010 Fortune 500 list)
SSA Global Technologies
SymphonyIRI Group
Telephone and Data Systems Incorporated
Tootsie Roll Industries
TransUnion
Tribune Company (Fortune 500)
True Value
UBid
United Airlines (Corporate Offices) (Ranked #140 on the 2010 Fortune 500 list)
Unitrin Inc (S&P 400 MidCap, S&P 1500 Super Comp)
U.S. Cellular
USG Corporation (Ranked #458 on the Fortune 500)
Whittman-Hart
Wilson Sporting Goods
World Book Encyclopedia
Wm. Wrigley Jr. Company


The following companies are based in Chicago's suburbs:

AAR Corporation (Wood Dale, Illinois)
Abbott Laboratories (Abbott Park, Illinois) (Fortune 500)
ACCO Brands (Lincolnshire, Illinois)
Accuquote (Wheeling, Illinois)
Ace Hardware (Oak Brook, Illinois)
ACNielsen (Schaumburg, Illinois)
Alberto-Culver (Melrose Park, Illinois)
Allstate (Northbrook, Illinois) (Fortune 500)
Andrew Corporation (Westchester, Illinois)
Anixter International (Glenview, Illinois)
Aquascape, Inc. (St. Charles, Illinois)
Arthur J. Gallagher & Co. (Itasca, Illinois)
Baxter International (Deerfield, Illinois) (Fortune 500)
BFG Technologies (Lake Forest, Illinois)
Blistex, Incorporated (Oak Brook, Illinois)
Brunswick Corporation (Lake Forest, Illinois) (Fortune 500)
Calamos Holdings LLC (Naperville, Illinois)
Career Education Corporation (Hoffman Estates, Illinois)
CDW (Vernon Hills, Illinois) (Ranked #376 on the Fortune 500)
CF Industries (Deerfield, Illinois)
Claire's (Hoffman Estates, Illinois)
Corn Products International (Westchester, Illinois)
Così (Deerfield, Illinois)
Coskata, Inc. (Warrenville, Illinois)
Crate and Barrel (Northbrook, Illinois)
Culligan (Rosemont, Illinois)
DeVry University (Oakbrook Terrace, Illinois)
Discover Financial Services (Riverwoods, Illinois)
Donlen Corporation (Northbrook, Illinois)
Eby-Brown (Naperville, Illinois)
Electro-Motive Diesel (McCook, Illinois)
Farm Progress (St. Charles, Illinois)
Fellowes, Inc. (Itasca, Illinois)
First Alert (BRK Brands) (Aurora, Illinois)
Follett Corporation (River Grove, Illinois)
Fortune Brands (Jim Beam, Courvoisier, Titleist and many others) (Deerfield, Illinois) (Fortune 500)
Grant Thornton LLP (Oakbrook Terrace, Illinois)
Griffith Laboratories (Alsip, Illinois)
Hendrickson International (Lemont, Illinois; a subsidiary of The Boler Company (Itasca, Illinois))
Hewitt Associates (Lincolnshire, Illinois) (Fortune 500)
Hospira (Lake Forest, Illinois)
IDEX Corporation (Northbrook, Illinois)
Illinois Tool Works (Glenview, Illinois) (Fortune 500)
Kraft Foods (Northfield, Illinois)
McDonald's Corporation (Oak Brook, Illinois) (Fortune 500)
Mead Johnson Nutrition (Glenview, Illinois)
Molex (Lisle, Illinois)
Motorola (Schaumburg, Illinois) (Fortune 500)
Nalco Holding Company (Naperville, Illinois)
Namco Cybertainment (Bensenville, Illinois; a subsidiary of Japan-based Namco)
Navistar International (Warrenville, Illinois) (Fortune 500)
Nicor (Naperville, Illinois) (S&P 500)
NiSource (Merrillville, Indiana) (Fortune 500)
Northfield Laboratories (Evanston, Illinois)
OfficeMax (Naperville, Illinois)
Pactiv (Lake Forest, Illinois)
The Pampered Chef (Addison, Illinois)
Portillo's Restaurants (Oakbrook Terrace, Illinois)
Quill Corporation (Lincolnshire, Illinois)
Rand McNally (Skokie, Illinois), a subsidiary of Quebecor World
Redbox Automated Retail, LLC (Oakbrook Terrace, Illinois)
Sanford (Oak Brook, Illinois; a division of Newell Rubbermaid)
Sara Lee Corporation (Downers Grove, Illinois) (Fortune 500)
Sauer-Danfoss (Lincolnshire, Illinois)
Sears Holdings Corporation (Hoffman Estates, Illinois) (Fortune 500)
Serta (Hoffman Estates, Illinois)
Shure (Niles, Illinois)
SIRVA (Westmont, Illinois)
Solo Cup Company (Highland Park, Illinois)
Stepan Company (Northfield, Illinois)
TAP Pharmaceuticals (Lake Forest, Illinois)
Tellabs (Naperville, Illinois)
Tenneco (Lake Forest, IL) (Fortune 500)
Topco Associates, LLC (Skokie, Illinois)
Turtle Wax (Willowbrook, Illinois)
Ulta (Bolingbrook, Illinois)
Underwriters Laboratories (Northbrook, Illinois)
United Airlines (Base of Operations) (Elk Grove Township) (Fortune 500)
United Stationers (Deerfield, Illinois) (Fortune 500)
U.S. Foodservice (Rosemont, Illinois)
U.S. Robotics (Schaumburg, Illinois)
Van Kampen Investments (Oakbrook Terrace, Illinois)
Vanee Foods (Berkeley, Illinois)
Velsicol Chemical Corporation (Rosemont, Illinois)
Walgreens (Deerfield, Illinois) (Fortune 500)
Weber-Stephen Products Co. (Palatine, Illinois)
Westell (Aurora, Illinois)
WMS Gaming (Waukegan, Illinois)
World Dryer (Berkeley, Illinois; a subsidiary of Carrier Commercial Refrigeration)
World Kitchen (Rosemont, Illinois)
W. W. Grainger (Lake Forest, Illinois) (Fortune 500)
Zebra Technologies (Vernon Hills, Illinois)
Zenith Electronics (Lincolnshire, Illinois; a subsidiary of South Korea-based LG Electronics)



Other large corporations with an established presence in Chicago and/or its suburbs (but whose corporate headquarters are located elsewhere), including:

ABN AMRO (Asset Management)
Accenture (Chicago; Global headquarters: Dublin, Ireland)
Acxiom (Downers Grove, Illinois)
Affiliated Computer Services (ACS) (Schaumburg, Illinois) (Fortune 500)
Ajinomoto (Ajinomoto Food Ingredients LLC & Ajinomoto Heartland LLC) (Chicago)
AkzoNobel (Polymer Chemicals Unit)
ALDI (U.S. headquarters: Batavia, Illinois)
Amada Co (Amada Machine Tools America) (Schaumburg, Illinois)
ArcelorMittal (U.S. headquarters: Chicago Loop; plants in Riverdale, Illinois, East Chicago, Indiana, and Burns Harbor, Indiana)
Astellas Pharma (Deerfield, Illinois)
AT&T
Bank of America
Bank of Montreal (Harris Bankcorp, BMO Capital Markets)
BMW of North America (Central Region Office) (Schaumburg, Illinois)
BP (Warrenville and Naperville, Illinois; Whiting, Indiana)
Bridgestone (Bridgestone Retail Operations, LLC) (Bloomingdale, Illinois)
Butterball LLC (Naperville, Illinois)
Canon USA (Itasca, Illinois)
Cargill (Chicago; Hammond, Indiana)
Caterpillar Inc. (Peoria, Illinois)
Citgo (Lemont Refinery, Lemont, Illinois)
ConAgra Foods (Downers Grove, Illinois)
Continental Automotive Systems (Temic) (Deer Park, Illinois)
CSX Transportation (Northern Region Operations Center) (Calumet City, Illinois)
Dyson Appliances Limited (Dyson US) (Chicago)
Experian (Schaumburg)
FANUC (Hoffman Estates, Illinois)
Fitch Group
Ford Motor Company (Chicago Assembly, Chicago Heights Stamping)
Fujifilm (Fujifilm Medical) Hanover Park, Illinois)
General Electric
Goldman Sachs
HSBC Finance, a subsidiary of HSBC (Mettawa, Illinois)
Hyundai Motor Company (Aurora, Illinois)
IBM
Ineos/Innovene (Chicago and Naperville, Illinois; Whiting, Indiana)
JPMorgan Chase (See: Bank One Corporation)
Lucent Technologies
Makino (Elgin, Illinois)
McKesson Corporation (Wheeling, Illinois)
McGraw-Hill (Chicago Loop)
Microsoft (Chicago Loop; Downers Grove, Illinois; Northlake, Illinois (data center))
Mintel
Mitsubishi Electric (Mitsubishi Electric Automation, Inc.) (Vernon Hills, Illinois)
Mitutoyo (Aurora, Illinois)
Mori Seiki (U.S. headquarters: Hoffman Estates, Illinois)
Navigon (Navigon Inc., Chicago)
NEC (NEC Display Solutions) (Itasca, Illinois)
Nissan Motors (Aurora, Illinois (Nissan North America); Marengo, Illinois (Nissan Forklift))
Noritake (Arlington Heights, Illinois)
Nortel (Schaumburg, Illinois)
Northrop Grumman Electronic Systems (Rolling Meadows, Illinois)
OMRON (Schaumburg, Bannockburn, St. Charles)
Panasonic Corporation (Panasonic Factory Solutions Company of America) (Rolling Meadows & Buffalo Grove, Illinois)
Pearson Education, publishing as Scott Foresman (Glenview, Illinois)
PepsiAmericas (corporate offices) (Schaumburg, Illinois)
Popular, Inc. (Banco Popular North America) (Rosemont, Illinois)
Rexam
Robert Bosch Corp. (Broadview, Illinois (automotive aftermarket); Mount Prospect, Illinois (production tools); Hoffman Estates, Illinois (Bosch Rexroth))
Rockwell Automation (Burr Ridge, Illinois)
SAP AG (Downers Grove, Illinois)
Schneider Electric (Palatine, Illinois)
Siemens Healthcare Diagnostics (U.S. headquarters: Deerfield, Illinois)
Siemens Medical Solutions (Hoffman Estates, Illinois)
Smithfield Foods (Armour-Eckrich Meats LLC) (Lisle and St. Charles, Illinois)
Southwest Airlines (Chicago Midway International Airport)
SSAB North America (Lisle, Illinois)
STMicroelectronics (Schaumburg, Illinois)
Sumitomo Corporation of America (Rosemont, Illinois)
Takeda Pharmaceutical Company (U.S. headquarters: Deerfield, Illinois)
Toshiba America (Arlington Heights; Buffalo Grove; Chicago Loop; Rolling Meadows)
Toyota Motor Sales, U.S.A., Inc. (Aurora and Naperville, Illinois)
Tyco International (Tyco Electrical & Metal Products) (Harvey, Illinois)
UBS AG
Unilever (Home & Personal Care North America) (Chicago)
UPS (CACH) (Hodgkins, Illinois)
UOP LLC, a subsidiary of Honeywell (Des Plaines, Illinois)
U.S. Steel (Gary Works) (Gary, Indiana)
Willis Group Holdings (Chicago Loop - Willis Tower, Schaumburg, Illinois)
XL Capital (Chicago Loop, Schaumburg, Illinois)
Yaskawa Electric Corporation (Waukegan, Illinois)
ZF Friedrichshafen (Vernon Hills, Illinois)
Zurich Financial Services (Schaumburg, Illinois)

Wonder what this list will look like a year from now.

Unilever (Home & Personal Care North America) (Chicago)
UPS (CACH) (Hodgkins, Illinois)
UOP LLC, a subsidiary of Honeywell (Des Plaines, Illinois)
U.S. Steel (Gary Works) (Gary, Indiana)
Willis Group Holdings (Chicago Loop - Willis Tower, Schaumburg, Illinois)
XL Capital (Chicago Loop, Schaumburg, Illinois)
Yaskawa Electric Corporation (Waukegan, Illinois)
ZF Friedrichshafen (Vernon Hills, Illinois)
Zurich Financial Services (Schaumburg, Illinois)


give or take a couple

 

[Avorysuds]

http://www.usmessageboard.com/3192847-post10.html

There are two types of taxations flow-through and dual taxation. Flow-through gets taxed on the individual's (owners/shareholder for S Corps) income tax based on profits. It hits everyone but the C Corp. S Corps, LLC, GP, LP, LLP etc. so the 2% increase in taxes will hit these guys.

The Dual taxation is where the Corporate taxes comes into play. C Corps get hit with the dual tax and hence will be hit with the highest Corporate Tax Rate on Earth at the entity level and then at the shareholder level distribution. The List of IL C-Corps are who is going to get effected and who have just been provided all the incentive a bad politician/business man could give to a company to relocate!


Note on State Corporate Tax - It is just not taxed on Corporations headquartered in the state its also on income/revenue or activities within the jurisdiction. That includes domestic (companies organized in that state) or foreign (companies that have significant presence or create revenue from the state, but organized in another state)!

THE BIG ONES - Headquartered in IL (aka Fortune 500 Co):
McDonald's
Sears
Caterpillar
John Deere
United Airlines
Boeing
AON
RR Donnelley
Exelon
Smurfit Stone Container
Tribune Co
USG Corporations
Abbott Labs
Allstate
Baxter
Brunswick
CDW
Fortune Brands
Hewitt Assoc
IL Tool Work
Motorola
Navistar
NiSource
Sara Lee
Tenneco
United Stationers
Walgreens
WW Grainger


The following companies have headquarters within the Chicago city limits:

Aon Corporation (ranked #298 on the 2010 Fortune 500 list)
A.T. Kearney
Bally Total Fitness
Boeing (ranked #28 on the 2010 Fortune 500 list)
CareerBuilder
Chicago Board Options Exchange
CME Group
Chicago Stock Exchange
Citadel Investment Group
Classified Ventures
CNA Financial (an affiliate of Loews Corporation)
Diamond Management & Technology Consultants
Encyclopædia Britannica, Inc.
Equity Office Properties Trust
Exelon (ranked #134 on the 2010 Fortune 500 list)
GATX Corporation
General Growth Properties
Global Hyatt
Hartmarx
Hostway
Integrys Energy Group
InterCall
Jones Lang LaSalle
Kerasotes Theatres
Koval Distillery
La Petite Academy
Magnetar Capital
Merisant
Metal Management
Midway Games
MillerCoors
Morningstar, Inc.
Morton Salt
National Stock Exchange
NAVTEQ
Northern Trust
Old Republic International
Orbitz
Playboy Enterprises
PTI Securities & Futures
Quaker Oats Company, a unit of PepsiCo
RR Donnelley (Ranked #240 on the 2010 Fortune 500 list)
Ryerson, Inc.
ShoreBank
Skidmore, Owings and Merrill
Smurfit-Stone Container (Ranked #374 on the 2010 Fortune 500 list)
SSA Global Technologies
SymphonyIRI Group
Telephone and Data Systems Incorporated
Tootsie Roll Industries
TransUnion
Tribune Company (Fortune 500)
True Value
UBid
United Airlines (Corporate Offices) (Ranked #140 on the 2010 Fortune 500 list)
Unitrin Inc (S&P 400 MidCap, S&P 1500 Super Comp)
U.S. Cellular
USG Corporation (Ranked #458 on the Fortune 500)
Whittman-Hart
Wilson Sporting Goods
World Book Encyclopedia
Wm. Wrigley Jr. Company


The following companies are based in Chicago's suburbs:

AAR Corporation (Wood Dale, Illinois)
Abbott Laboratories (Abbott Park, Illinois) (Fortune 500)
ACCO Brands (Lincolnshire, Illinois)
Accuquote (Wheeling, Illinois)
Ace Hardware (Oak Brook, Illinois)
ACNielsen (Schaumburg, Illinois)
Alberto-Culver (Melrose Park, Illinois)
Allstate (Northbrook, Illinois) (Fortune 500)
Andrew Corporation (Westchester, Illinois)
Anixter International (Glenview, Illinois)
Aquascape, Inc. (St. Charles, Illinois)
Arthur J. Gallagher & Co. (Itasca, Illinois)
Baxter International (Deerfield, Illinois) (Fortune 500)
BFG Technologies (Lake Forest, Illinois)
Blistex, Incorporated (Oak Brook, Illinois)
Brunswick Corporation (Lake Forest, Illinois) (Fortune 500)
Calamos Holdings LLC (Naperville, Illinois)
Career Education Corporation (Hoffman Estates, Illinois)
CDW (Vernon Hills, Illinois) (Ranked #376 on the Fortune 500)
CF Industries (Deerfield, Illinois)
Claire's (Hoffman Estates, Illinois)
Corn Products International (Westchester, Illinois)
Così (Deerfield, Illinois)
Coskata, Inc. (Warrenville, Illinois)
Crate and Barrel (Northbrook, Illinois)
Culligan (Rosemont, Illinois)
DeVry University (Oakbrook Terrace, Illinois)
Discover Financial Services (Riverwoods, Illinois)
Donlen Corporation (Northbrook, Illinois)
Eby-Brown (Naperville, Illinois)
Electro-Motive Diesel (McCook, Illinois)
Farm Progress (St. Charles, Illinois)
Fellowes, Inc. (Itasca, Illinois)
First Alert (BRK Brands) (Aurora, Illinois)
Follett Corporation (River Grove, Illinois)
Fortune Brands (Jim Beam, Courvoisier, Titleist and many others) (Deerfield, Illinois) (Fortune 500)
Grant Thornton LLP (Oakbrook Terrace, Illinois)
Griffith Laboratories (Alsip, Illinois)
Hendrickson International (Lemont, Illinois; a subsidiary of The Boler Company (Itasca, Illinois))
Hewitt Associates (Lincolnshire, Illinois) (Fortune 500)
Hospira (Lake Forest, Illinois)
IDEX Corporation (Northbrook, Illinois)
Illinois Tool Works (Glenview, Illinois) (Fortune 500)
Kraft Foods (Northfield, Illinois)
McDonald's Corporation (Oak Brook, Illinois) (Fortune 500)
Mead Johnson Nutrition (Glenview, Illinois)
Molex (Lisle, Illinois)
Motorola (Schaumburg, Illinois) (Fortune 500)
Nalco Holding Company (Naperville, Illinois)
Namco Cybertainment (Bensenville, Illinois; a subsidiary of Japan-based Namco)
Navistar International (Warrenville, Illinois) (Fortune 500)
Nicor (Naperville, Illinois) (S&P 500)
NiSource (Merrillville, Indiana) (Fortune 500)
Northfield Laboratories (Evanston, Illinois)
OfficeMax (Naperville, Illinois)
Pactiv (Lake Forest, Illinois)
The Pampered Chef (Addison, Illinois)
Portillo's Restaurants (Oakbrook Terrace, Illinois)
Quill Corporation (Lincolnshire, Illinois)
Rand McNally (Skokie, Illinois), a subsidiary of Quebecor World
Redbox Automated Retail, LLC (Oakbrook Terrace, Illinois)
Sanford (Oak Brook, Illinois; a division of Newell Rubbermaid)
Sara Lee Corporation (Downers Grove, Illinois) (Fortune 500)
Sauer-Danfoss (Lincolnshire, Illinois)
Sears Holdings Corporation (Hoffman Estates, Illinois) (Fortune 500)
Serta (Hoffman Estates, Illinois)
Shure (Niles, Illinois)
SIRVA (Westmont, Illinois)
Solo Cup Company (Highland Park, Illinois)
Stepan Company (Northfield, Illinois)
TAP Pharmaceuticals (Lake Forest, Illinois)
Tellabs (Naperville, Illinois)
Tenneco (Lake Forest, IL) (Fortune 500)
Topco Associates, LLC (Skokie, Illinois)
Turtle Wax (Willowbrook, Illinois)
Ulta (Bolingbrook, Illinois)
Underwriters Laboratories (Northbrook, Illinois)
United Airlines (Base of Operations) (Elk Grove Township) (Fortune 500)
United Stationers (Deerfield, Illinois) (Fortune 500)
U.S. Foodservice (Rosemont, Illinois)
U.S. Robotics (Schaumburg, Illinois)
Van Kampen Investments (Oakbrook Terrace, Illinois)
Vanee Foods (Berkeley, Illinois)
Velsicol Chemical Corporation (Rosemont, Illinois)
Walgreens (Deerfield, Illinois) (Fortune 500)
Weber-Stephen Products Co. (Palatine, Illinois)
Westell (Aurora, Illinois)
WMS Gaming (Waukegan, Illinois)
World Dryer (Berkeley, Illinois; a subsidiary of Carrier Commercial Refrigeration)
World Kitchen (Rosemont, Illinois)
W. W. Grainger (Lake Forest, Illinois) (Fortune 500)
Zebra Technologies (Vernon Hills, Illinois)
Zenith Electronics (Lincolnshire, Illinois; a subsidiary of South Korea-based LG Electronics)



Other large corporations with an established presence in Chicago and/or its suburbs (but whose corporate headquarters are located elsewhere), including:

ABN AMRO (Asset Management)
Accenture (Chicago; Global headquarters: Dublin, Ireland)
Acxiom (Downers Grove, Illinois)
Affiliated Computer Services (ACS) (Schaumburg, Illinois) (Fortune 500)
Ajinomoto (Ajinomoto Food Ingredients LLC & Ajinomoto Heartland LLC) (Chicago)
AkzoNobel (Polymer Chemicals Unit)
ALDI (U.S. headquarters: Batavia, Illinois)
Amada Co (Amada Machine Tools America) (Schaumburg, Illinois)
ArcelorMittal (U.S. headquarters: Chicago Loop; plants in Riverdale, Illinois, East Chicago, Indiana, and Burns Harbor, Indiana)
Astellas Pharma (Deerfield, Illinois)
AT&T
Bank of America
Bank of Montreal (Harris Bankcorp, BMO Capital Markets)
BMW of North America (Central Region Office) (Schaumburg, Illinois)
BP (Warrenville and Naperville, Illinois; Whiting, Indiana)
Bridgestone (Bridgestone Retail Operations, LLC) (Bloomingdale, Illinois)
Butterball LLC (Naperville, Illinois)
Canon USA (Itasca, Illinois)
Cargill (Chicago; Hammond, Indiana)
Caterpillar Inc. (Peoria, Illinois)
Citgo (Lemont Refinery, Lemont, Illinois)
ConAgra Foods (Downers Grove, Illinois)
Continental Automotive Systems (Temic) (Deer Park, Illinois)
CSX Transportation (Northern Region Operations Center) (Calumet City, Illinois)
Dyson Appliances Limited (Dyson US) (Chicago)
Experian (Schaumburg)
FANUC (Hoffman Estates, Illinois)
Fitch Group
Ford Motor Company (Chicago Assembly, Chicago Heights Stamping)
Fujifilm (Fujifilm Medical) Hanover Park, Illinois)
General Electric
Goldman Sachs
HSBC Finance, a subsidiary of HSBC (Mettawa, Illinois)
Hyundai Motor Company (Aurora, Illinois)
IBM
Ineos/Innovene (Chicago and Naperville, Illinois; Whiting, Indiana)
JPMorgan Chase (See: Bank One Corporation)
Lucent Technologies
Makino (Elgin, Illinois)
McKesson Corporation (Wheeling, Illinois)
McGraw-Hill (Chicago Loop)
Microsoft (Chicago Loop; Downers Grove, Illinois; Northlake, Illinois (data center))
Mintel
Mitsubishi Electric (Mitsubishi Electric Automation, Inc.) (Vernon Hills, Illinois)
Mitutoyo (Aurora, Illinois)
Mori Seiki (U.S. headquarters: Hoffman Estates, Illinois)
Navigon (Navigon Inc., Chicago)
NEC (NEC Display Solutions) (Itasca, Illinois)
Nissan Motors (Aurora, Illinois (Nissan North America); Marengo, Illinois (Nissan Forklift))
Noritake (Arlington Heights, Illinois)
Nortel (Schaumburg, Illinois)
Northrop Grumman Electronic Systems (Rolling Meadows, Illinois)
OMRON (Schaumburg, Bannockburn, St. Charles)
Panasonic Corporation (Panasonic Factory Solutions Company of America) (Rolling Meadows & Buffalo Grove, Illinois)
Pearson Education, publishing as Scott Foresman (Glenview, Illinois)
PepsiAmericas (corporate offices) (Schaumburg, Illinois)
Popular, Inc. (Banco Popular North America) (Rosemont, Illinois)
Rexam
Robert Bosch Corp. (Broadview, Illinois (automotive aftermarket); Mount Prospect, Illinois (production tools); Hoffman Estates, Illinois (Bosch Rexroth))
Rockwell Automation (Burr Ridge, Illinois)
SAP AG (Downers Grove, Illinois)
Schneider Electric (Palatine, Illinois)
Siemens Healthcare Diagnostics (U.S. headquarters: Deerfield, Illinois)
Siemens Medical Solutions (Hoffman Estates, Illinois)
Smithfield Foods (Armour-Eckrich Meats LLC) (Lisle and St. Charles, Illinois)
Southwest Airlines (Chicago Midway International Airport)
SSAB North America (Lisle, Illinois)
STMicroelectronics (Schaumburg, Illinois)
Sumitomo Corporation of America (Rosemont, Illinois)
Takeda Pharmaceutical Company (U.S. headquarters: Deerfield, Illinois)
Toshiba America (Arlington Heights; Buffalo Grove; Chicago Loop; Rolling Meadows)
Toyota Motor Sales, U.S.A., Inc. (Aurora and Naperville, Illinois)
Tyco International (Tyco Electrical & Metal Products) (Harvey, Illinois)
UBS AG
Unilever (Home & Personal Care North America) (Chicago)
UPS (CACH) (Hodgkins, Illinois)
UOP LLC, a subsidiary of Honeywell (Des Plaines, Illinois)
U.S. Steel (Gary Works) (Gary, Indiana)
Willis Group Holdings (Chicago Loop - Willis Tower, Schaumburg, Illinois)
XL Capital (Chicago Loop, Schaumburg, Illinois)
Yaskawa Electric Corporation (Waukegan, Illinois)
ZF Friedrichshafen (Vernon Hills, Illinois)
Zurich Financial Services (Schaumburg, Illinois)

Wonder what this list will look like a year from now.

Probably much the same, just downsized on how many people they hire to work for them. My point is more in that they raise taxes but lose the jobs/pay to tax people. This will hurt more than just income tax but what people spend and so on. They might still make gains with higher taxes but I doubt it will be as high as predicted.

It cost a lot to move a company...

 

[Missourian]

SPRINGFIELD, Ill. — Illinois lawmakers have approved a politically risky 66 percent income tax increase in an effort to solve a historic budget crisis.

State's lawmakers pass 66 percent tax increase - Politics - More politics - msnbc.com
By DEANNA BELLANDI
The Associated Press

The bill now goes to Democratic Gov. Pat Quinn, who supports the plan.

It would temporarily We know that's not true. Spending will increase if it even gets close to balancing the budget. set the personal tax rate at 5 percent, up from 3 percent now. Corporate taxes would climb, too.

Quinn's office says the tax increase would generate about $6.8 billion annually, helping close a budget hole that could hit $15 billion this year. As long as companies don't move out. Indiana must be very happy at this idiocy.

In sheer percentage terms, the increase could be the biggest on the long list of those passed as states grapple with nationwide economic woes. We're number 1! We're number 1! We're number 1!

The Illinois Senate approved the measure 30-29 early Wednesday. The House had approved it late Tuesday.




It's rare that I'm glad I no longer live there. But it's moments like this that really drive it in that I will never move back home.

That's great news!!!

.
.
.
.

.
..
.
.
.
....for Missouri.

and Indiana, Kentucky and yes even Michagan.

When I lived in Cairo, I went into Mizz to get gas every week b/c it was cheaper.

Now that we have the highest number of Republicans in the Missouri legislature in our states history, Missouri lawmakers are looking at abolishing the state income tax altogether.

(KMOV) – Big changes are coming in how Missouri approaches taxes and education. The Missouri Legislature is back session, and Republicans are moving ahead with an aggressive agenda.

Republicans are in a supermajority in the Senate, and are only three votes shy of a veto-proof majority in the House. They’re pushing major tax reform, including possibly getting rid of income tax, and Democrats can only hope the governor slows down.

The 96th Missouri Legislature is already making history because of its majority, and new House speaker Steve Tilley says tax reform is first.

Tilley says Republicans are seriously looking at getting rid of the income tax and replacing it with a sales tax.

Big changes ahead in how Missouri approaches taxes and education | KMOV.com | St. Louis news, Missouri news & breaking news | KMOV.com | News for St. Louis, Missouri
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[GHook93]

It cost a lot to move a company...

True it costs alot, so a corporation needs the right incentive to move! Could the highest corporate taxes on the planet be that incentive? Too many, absofuckinglutely!

 

[Two Thumbs]

That's great news!!!

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....for Missouri.

and Indiana, Kentucky and yes even Michagan.

When I lived in Cairo, I went into Mizz to get gas every week b/c it was cheaper.

Now that we have the highest number of Republicans in the Missouri legislature in our states history, Missouri lawmakers are looking at abolishing the state income tax altogether.

(KMOV) – Big changes are coming in how Missouri approaches taxes and education. The Missouri Legislature is back session, and Republicans are moving ahead with an aggressive agenda.

Republicans are in a supermajority in the Senate, and are only three votes shy of a veto-proof majority in the House. They’re pushing major tax reform, including possibly getting rid of income tax, and Democrats can only hope the governor slows down.

The 96th Missouri Legislature is already making history because of its majority, and new House speaker Steve Tilley says tax reform is first.

Tilley says Republicans are seriously looking at getting rid of the income tax and replacing it with a sales tax.

Big changes ahead in how Missouri approaches taxes and education | KMOV.com | St. Louis news, Missouri news & breaking news | KMOV.com | News for St. Louis, Missouri
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hmm

If that passes there could be some good from it and some bad.

People will have more money, but will have to save longer to make big ticket purchases.

So initially, the state will lose out, but in about 6 months, the gains will begin to come through.

Companies will move in and may be able to pay a little less, b/c people will still have more and can use the money to expand.

Illinois is fucked.

 

[shintao]

Who except government demands you pay 66% more for the same crap you always got?

Hmm, lets be straight here. The capitalist government is the only one I know. In China you pay for what you use or do in the socialist market economy, and it shows in their low tax revenues of 924 billion U.S. dollars for 2009, while services are out pacing America; high speed rail, infrastructure, etc. Did I mention it was a socialist economy?

 

[Publius1787]

Who except government demands you pay 66% more for the same crap you always got?

private companies

What a great response! Now explain the major reasons privite companies raise their prices for the same product.

1. Increased taxation that gets transfered over to the consumer.
2. Costly regulations that gets transfered over to the consumer.
3. Union contracts that give lavish benefits that get transfered in the cost to the consumer.
4. Government mandated entitlement funding that the business and the worker must pay that gets transfered over in the cost to the consumer.
5. Hevy regulation and taxation of industries that the business rely on (like oil) which gets transfered from thoes businesses in the form of costs to the other businesses who then transferes thoes costs to the consumer.
6. Taxation and regulation that creats a barrier to entery to a new business so that less businesses enter the market and allowes existing businesses to get away with higher prices for the consumer as they have no competition.
7. Uncertainty of government action which forces businesses to raise their prices in order to store cash for uncertain times and operate in worst case sinerio mode.

All these taxes and regulations are a back door tax on you! Not the business. They just transfer their taxes in the price of their product to you. Business dont pay their taxes. YOU pay their taxes when you buy their stuff. And then you complain about the price, send congress to attack them through higher taxation and regulation, and expect the prices to stay the same? I could go on and on about all these things that you never think of when you complain about a private business. Make no mistake about it. A tax on an industry is a tax on YOU, not the industry.

 

[The Rabbi]

Should have sold/leased the highway like Indiana did several years ago. That money and Daniels cuts in government has kept Indiana budget balanced through out this depression/recession. He even reduced our property taxes during this time.

This is what makes Daniels presidential candidate material for 2012. Good job, governor!

Illinois is run by corrupt stupid assholes. They will never realize the tax revenue they think they will.

 

[Two Thumbs]

Should have sold/leased the highway like Indiana did several years ago. That money and Daniels cuts in government has kept Indiana budget balanced through out this depression/recession. He even reduced our property taxes during this time.

This is what makes Daniels presidential candidate material for 2012. Good job, governor!

Illinois is run by corrupt stupid assholes. They will never realize the tax revenue they think they will.

I don't think they want to.

Honestly, I think they are trying to break the bank.

 

[ScreamingEagle]

Should have sold/leased the highway like Indiana did several years ago. That money and Daniels cuts in government has kept Indiana budget balanced through out this depression/recession. He even reduced our property taxes during this time.

This is what makes Daniels presidential candidate material for 2012. Good job, governor!

Illinois is run by corrupt stupid assholes. They will never realize the tax revenue they think they will.

I don't think they want to.

Honestly, I think they are trying to break the bank.

Why would that be...?

I think they are just too LAZY to go over the state's budget to make the hard cuts and rein in spending....(does a liberal even know how to budget cut?).....it's far more EASY to just raise taxes.....especially in the dead of a Friday night when nobody is really watching....

If Obama is elected again.....we all can look forward to the same thing....

 

[Two Thumbs]

This is what makes Daniels presidential candidate material for 2012. Good job, governor!

Illinois is run by corrupt stupid assholes. They will never realize the tax revenue they think they will.

I don't think they want to.

Honestly, I think they are trying to break the bank.

Why would that be...?

I think they are just too LAZY to go over the state's budget to make the hard cuts and rein in spending....(does a liberal even know how to budget cut?).....it's far more EASY to just raise taxes.....especially in the dead of a Friday night when nobody is really watching....

If Obama is elected again.....we all can look forward to the same thing....

I think they are hoping for bail out money. If they are out of money to pay the unions, money will come from the Fed to pay that debt. And where does the Feds money come from?

Imagine living in Fl and knowing your tax money is paying to keep over priced unions going.

 

[FireFly]

Illinois already has the highest sales tax rate in the country at 11.5%

According to the just completed Census high tax Illinois lost a large percent of it's population to lower tax states.

Corporations are also starting to pull out. Their biggest corporation Caterpillar reduced it's Illinois operations & tripled its operations in China.

Now this massive 66% income tax hike will really speed up the states mass exodus.

 

[GHook93]

Mayor Daley a tax and spend Democratic icon in IL is even highly critical of Governor Douche Bag's plan!

http://newsblogs.chicagotribune.com...crease-will-send-businesses-out-of-state.html
Daley says tax increase will send businesses out of state

Share | Posted by John Byrne at 11:25 a.m.

Mayor Richard Daley today predicted the increase in the corporate income tax rate passed by state lawmakers overnight will prompt a quiet exodus of jobs to neighboring states.

"Businesses don't have press conferences like this and announce they're moving 50 people out, 60 people out, 70 people," Daley said.

The comments of the Democratic mayor, who is not seeking re-election in February, echoed those made by Republican lawmakers as the Legislature sent the tax increase to Gov. Pat Quinn overnight with just the votes of Democrats who control the House and Senate. Quinn, a fellow Democrat, is expected to sign it.



"We have a new governor-elect in Wisconsin, a lot of competition comes from Wisconsin (Gov.) Mitch Daniels from Indiana, a lot of competition," Daley said at a City Hall

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[Two Thumbs]

Mayor Daley a tax and spend Democratic icon in IL is even highly critical of Governor Douche Bag's plan!

Daley says tax increase will send businesses out of state

Share | Posted by John Byrne at 11:25 a.m.

Mayor Richard Daley today predicted the increase in the corporate income tax rate passed by state lawmakers overnight will prompt a quiet exodus of jobs to neighboring states.

"Businesses don't have press conferences like this and announce they're moving 50 people out, 60 people out, 70 people," Daley said.

The comments of the Democratic mayor, who is not seeking re-election in February, echoed those made by Republican lawmakers as the Legislature sent the tax increase to Gov. Pat Quinn overnight with just the votes of Democrats who control the House and Senate. Quinn, a fellow Democrat, is expected to sign it.



"We have a new governor-elect in Wisconsin, a lot of competition comes from Wisconsin

. (Gov.) Mitch Daniels from Indiana, a lot of competition," Daley said at a City Hall

DALEY?!? Of the Crime family Daleys?

I hate doing this, but I seriously need a link. I simply can't fathom Daley breaking from the herd.