Anybody here from Illinois?

[Wiseacre]

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?

 

[Annie]

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?

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

 

[Missourian]

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.

Best/Worst States for Business | ChiefExecutive.net | Chief Executive Magazine​

Keep up the good work Illinois.

 

[Mr. H.]

We're fucked.

 

[xsited1]

CME Group eyes Illinois exit; Emanuel confident it will stay - chicagotribune.com

The company that owns Chicago's two leading futures exchanges is weighing whether to move some operations from Illinois, citing the state's corporate tax rate increase.

 

[Dont Taz Me Bro]

You couldn't pay me to live in that corrupt shit hole.

 

[Avorysuds]

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...

 

[elvis]

I'm from illinois originally.

 

[Wiseacre]

CME Group eyes Illinois exit; Emanuel confident it will stay - chicagotribune.com

The company that owns Chicago's two leading futures exchanges is weighing whether to move some operations from Illinois, citing the state's corporate tax rate increase.

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.

 

[william the wie]

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

 

[daveman]

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

Illinois is NOT too big to fail.

 

[william the wie]

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

Illinois is NOT too big to fail.

Also funding for a bailout would have to pass the House and the political cost for that deal would be too big for Obama to pay.

 

[daveman]

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

Illinois is NOT too big to fail.

Also funding for a bailout would have to pass the House and the political cost for that deal would be too big for Obama to pay.

Indeed. This nation needs to be shown that liberal policies are the path to ruin. It sucks for citizens of Illinois, but they brought it on themselves.