Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts

Monday, December 5, 2011

Welcome Chicago


Apparently the Chicago Mercantile Exchange is considering moving out of Illinois because of the high tax rate and is considering INDIANAPOLIS!!!

This is 1,700 high-paying positions. Obviously it's just a discussion at this stage, but this is the part that so many people do not understand.

When tax rates become too high, companies seek a better position. If they moved, the new city would be even more willing to cut more tax deals as those 1,700 jobs will also be taxed, so ultimately the state with less tax rates actually receive more tax benefit. Why is that so hard to understand?

Please Illinois, continue to be stupid, Indy can use the jobs. I know I need one.
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