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Thread: Illinois Lawmakers Propose 75% Income Tax Hike

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by Conservative View Post
    By the way, I want to thank Caterpillar for moving two divisions out of Illinois to TX and creating jobs here for thousands of Texans.
    Dont thank Carepillar...thank the good people of Illinois that made it impossible for them to continue to do business there. Heck...we should just be glad they didnt relocate to mejico.

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by VanceMack View Post
    Dont thank Carepillar...thank the good people of Illinois that made it impossible for them to continue to do business there. Heck...we should just be glad they didnt relocate to mejico.
    Right, I agree and do thank the people of Illinois for their continued support of liberal social programs that continue to drive business out of Illinois and cuts off revenue to their state.

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by Conservative View Post
    Right, I agree and do thank the people of Illinois for their continued support of liberal social programs that continue to drive business out of Illinois and cuts off revenue to their state.
    Thank the Democratic Machine in Illinois.

    Caterpillar hasn't made the decision to move, by the way. Governor Quinn will do anything not to let that happen including putting more of the state's debt/tax burden on moms and dads.
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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by MaggieD View Post
    Thank the Democratic Machine in Illinois.

    Caterpillar hasn't made the decision to move, by the way. Governor Quinn will do anything not to let that happen including putting more of the state's debt/tax burden on moms and dads.
    Actually Caterpillar has moved a few divisions to TX already, not their main operation but a lot of jobs. TX has no state income taxes and is pro business.

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Corporations are in business to one thing and only one thing - make the most profit that they can possibly make. To do that they will do whatever they have to do to achieve that end.

    What corporations have done, what they are doing now, and what they will continue to do in the future is to play each of the fifty states off against each other for maximum advantage. In addition to that, they will play communities within the states against each other for maximum advantage to the corporation.

    This strategy is a proven winner for many corporations and decreases their tax liability, garners them infrastructure improvements paid for my government and the taxpayers, allows them to negotiate regulatory breaks, and other significant financial benefits to the corporation.

    Every dollar they pay in less tax is harmful to the local community. Every dollar they gain in government picking up the tab for their own costs that they should have paid is harmful to the local community. Every dollar given to them in regulatory 'reform' or alleviation is harmful to the community. All this is only possible because the corporation has the jobs to dangle as bait before the community fathers.

    We need ONE NATIONAL policy in effect over every square inch of America to prohibit such machinations from happening. Until we get such a policy, corporations will continue to be the winners, local communities continue to be the losers, and the American people played for suckers and chumps.
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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by haymarket View Post
    We need ONE NATIONAL policy in effect over every square inch of America to prohibit such machinations from happening. Until we get such a policy, corporations will continue to be the winners, local communities continue to be the losers, and the American people played for suckers and chumps.
    That way we can just chase 'em right out of the country. I love it.
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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    haymarket;1059373205]Corporations are in business to one thing and only one thing - make the most profit that they can possibly make. To do that they will do whatever they have to do to achieve that end.
    True, and you have a problem with this because? What do corporations do with their money and how much do corporations contribute to the economy? You seem to believe it is the Federal Govt.(taxpayers) responsibility to do with corporations do, why?
    What corporations have done, what they are doing now, and what they will continue to do in the future is to play each of the fifty states off against each other for maximum advantage. In addition to that, they will play communities within the states against each other for maximum advantage to the corporation.
    As if that doesn't have any benefit to the citizens of the states. Corporations don't do what they do alone, they hire people, they are corporate citizens paying local and state taxes, they contribute to charity, and don't cost the taxpayers a dime.

    This strategy is a proven winner for many corporations and decreases their tax liability, garners them infrastructure improvements paid for my government and the taxpayers, allows them to negotiate regulatory breaks, and other significant financial benefits to the corporation.
    How is decreasing tax liability hurt the economy? What percentage of the workforce works for those evil large corporations? You seem to believe it is the role of govt. to provide what corporations do without taxpayer money.

    Every dollar they pay in less tax is harmful to the local community. Every dollar they gain in government picking up the tab for their own costs that they should have paid is harmful to the local community. Every dollar given to them in regulatory 'reform' or alleviation is harmful to the community. All this is only possible because the corporation has the jobs to dangle as bait before the community fathers.
    Typical liberal spin as if the govt. needs the money more than the company. What does the corporation do with that money they make? Govt. doesn't pick up the tab since allowing companies to keep more of what they earn isn't an expense to the govt. How is employing people, contributing to charity, and paying local taxes detrimental to the community? Dangling jobs seems to be bad for liberals.


    We need ONE NATIONAL policy in effect over every square inch of America to prohibit such machinations from happening. Until we get such a policy, corporations will continue to be the winners, local communities continue to be the losers, and the American people played for suckers and chumps.
    Strong central govt? That is what our Founders got away from in breaking off from England and what made this country great. Power belongs at the state and local level, not the Federal level. I doubt that many local communities have a problem with jobs being created by those evil corporations and the dollars they pay to charity and in taxes.

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by The Preacher View Post
    Simply put, they earned it. Why should their employer get to renege on promises that were made at the beginning of employment?
    The trade-off for lower pay was benefits, including a pension.
    It would be the same as you paying your mortgage for thirty years and the bank owning your home anyway.
    Bad analogy. With my mortgage I entered into this contract with full faith and disclosure. All parties knew everything going in and everything was based on my ability to pay. With public employee pensions there has always been a quid pro quo involved. Politicians kicked the issue down the line, knowing full well that the someone else would be left holding the bag for promises that could never be kept. The states ability to pay was never part of the equation. Furthermore pension padding being more the norm, than the exception and you have a system ripe full of corruption.

    Now I agree with you that a promise is a promise, but only within reason. As an employee of any state, you have both a moral and ethical duty to have that states best interests in mind. This includes a fiduciary responsibility as well. Failure to adhere to such a standard and putting self interest in front of the public interest is nothing more than a dereliction of ones responsibility. With that said, a State has a similar responsibility to its employees as well. Yes, I agree that pension's should be paid to all employees whom played by the rules. However, any employee whom engaged in unethical pension padding practices, or knowingly participated in a quid pro quo should be held accountable and forfeit their inflated pensions. Instead, such employees should have their pensions re calibrated to reflect lifetime earnings and a reasonable rate of return on their investment. If all sates adopted such a policy, my guess is that each state would reduce its pension liability by at least 40%. Could we agree on those terms?

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by haymarket View Post
    Corporations are in business to one thing and only one thing - make the most profit that they can possibly make.
    You mean someone decisdes to take all of the financial risk of starting a business to (gasp!) make money? I'm shocked. It's a good thing you're a union member, you apparently wouldn't be able to survive otherwise.

    Every dollar they pay in less tax is harmful to the local community. Every dollar they gain in government picking up the tab for their own costs that they should have paid is harmful to the local community. Every dollar given to them in regulatory 'reform' or alleviation is harmful to the community. All this is only possible because the corporation has the jobs to dangle as bait before the community fathers.
    Every dollar they pay in less tax means a chance for more jobs for the community. Every dollar they pay in less tax means lower prices for the consumer. Every dollar they pay in less tax means people will be more likely to take the risk to meet the reward of starting their own business. Corp. taxes are necessary. To raise them to a point that will finally make you happy is not.

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    Re: Illinois Lawmakers Propose 75% Income Tax Hike

    Quote Originally Posted by buck View Post
    You mean someone decisdes to take all of the financial risk of starting a business to (gasp!) make money? I'm shocked. It's a good thing you're a union member, you apparently wouldn't be able to survive otherwise.



    Every dollar they pay in less tax means a chance for more jobs for the community. Every dollar they pay in less tax means lower prices for the consumer. Every dollar they pay in less tax means people will be more likely to take the risk to meet the reward of starting their own business. Corp. taxes are necessary. To raise them to a point that will finally make you happy is not.
    Buck, you have to understand that many here are dependent on the taxpayer for their paycheck, pension, and healthcare benefits as they are public employees. They could never make it in the private sector thus have to support a large central govt. funded by the taxpayer in order to survive.

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