Small businesses are Illinois’ primary job creator, both historically and in the recovery from the COVID-19 downturn. However, a referendum on Illinois’ Nov. 5 ballot could punish 23,740 Illinois small businesses with a massive 61% increase in their marginal state income tax rate and create a top tax rate of nearly 50.3% for these businesses, once all state and federal income taxes are considered.
I don’t care if mostly Democrat voter millionaires are taxed at a higher rate. If that’s what Democrats want, let them have it. Democrat millionaires are not looking out for me, and more often than not, they hate me, they hate my values and they actively try to harm me, either as an individual or part of a larger group of deplorables. If the professional class pays more tax, so be it.
Old Joe
1 year ago
Let’s call this bill the “drive small businesses out of Illinois” bill. There, I fixed the “millionaire tax” caption.
Free at Last
1 year ago
Good. Do it. You don’t need those businesses and rich people anyway. Your neighboring states thank you.
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.
I don’t care if mostly Democrat voter millionaires are taxed at a higher rate. If that’s what Democrats want, let them have it. Democrat millionaires are not looking out for me, and more often than not, they hate me, they hate my values and they actively try to harm me, either as an individual or part of a larger group of deplorables. If the professional class pays more tax, so be it.
Let’s call this bill the “drive small businesses out of Illinois” bill. There, I fixed the “millionaire tax” caption.
Good. Do it. You don’t need those businesses and rich people anyway. Your neighboring states thank you.