Editorial: How Illinois can mimic, or exploit, a ‘transaction tax’ fiasco – Chicago Tribune*

Going out of business "As we walk you through the unfolding transaction tax fiasco in New Jersey, then, understand that Illinois has a double-edged opportunity."
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NoHope4Illinois
5 years ago

Interesting article. Not sure of all the details, but I believe much of the NJ location has to do with transaction speed for high speed trading – fractions of a second make a difference for the ‘churn and burn’ of high speed trading, which adds absolutely nothing in value to the economy.

Yes, Joe Biden and Democrats want tens of $Trillions of new taxes for their ‘compassionate economy’. Where is the compassion for business owners run out of business by unwarranted and illegal lockdowns? Isn’t the Tribune happy now?

Heyjude
5 years ago

It’s hard to imagine any company thinking, “let’s leave the taxes in New Jersey and move to Illinois”. Dream On

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