Cook County, Illinois, is bracing for a $200 million tax blow due to the economic shutdown brought about by COVID-19, the county’s finance team said Friday.
That doesn’t account for an additional $60 million to $75 million whack to health system revenues, though some of that is expected to be reimbursed with hospital-related federal relief.
If people are not driving to work they are telecommuting. The county could literally get billions in taxes by taxing the three big cloud services for all data egress coming into cook county companies that use cloud data centers. Billions, not millions. They should tax Microsoft Azure, Amazon AWS, and the Google cloud data centers for all data egress. Basically put a utility meter on those data services that counts bytes and bills back. There would literally be no need for any consumer sales or property taxes, the taxing of food could be eliminated. The taxing of data flow will… Read more »
debtsor
6 years ago
$200,000,000 is alot, don’t get me wrong, but that’s not crazy.
Keep in mind folks, they’re going to dip into your pocket to get that money, and more, and they’ll take it one way or another. Soon they’ll be taxing the air you breathe.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
If people are not driving to work they are telecommuting. The county could literally get billions in taxes by taxing the three big cloud services for all data egress coming into cook county companies that use cloud data centers. Billions, not millions. They should tax Microsoft Azure, Amazon AWS, and the Google cloud data centers for all data egress. Basically put a utility meter on those data services that counts bytes and bills back. There would literally be no need for any consumer sales or property taxes, the taxing of food could be eliminated. The taxing of data flow will… Read more »
$200,000,000 is alot, don’t get me wrong, but that’s not crazy.
Keep in mind folks, they’re going to dip into your pocket to get that money, and more, and they’ll take it one way or another. Soon they’ll be taxing the air you breathe.