taxed to death

......................"The aisles are wide enough to fit three carts; plenty of room for the busy shoppers. The prices are pretty darn good too, almost on-line discounter good. But the store in Cook County Illinois is different; proof that while government may not be able to create jobs or improve an economy, it is more than capable of killing businesses and jobs.

The first and most striking difference about the Cabela's in Hoffman Estates is how packed it is; not with shoppers, but with merchandise. The aisles can barely fit a shopping cart, and the spacious atrium is encroached by racks of clothes and stacks of boxes. All of the merchandise has been crammed onto the first floor, because the upstairs is sealed off. The restaurant is permanently shut down, and most shoppers are probably unaware that the arcade even exists. The reason is simple: ridiculous taxes.".................................


http://www.americanthinker.com/blog/201 ... close.html

Sorry, Bob... You've REALLY got to stop sucking down that teabagger/Grover-Norquist :Koolaid:

Tax Facts: Lowest Rates in 30 Years

Politicians talk about the burden of taxes incessantly. Now comes a rare chance to check the facts. And the fact is that federal tax rates had fallen to the lowest in 30 years when President Barack Obama took office — and fell again in his first year in office.

This news comes from the nonpartisan Congressional Budget Office, which just issued the latest update of its invaluable series on “Distribution of Household Income and Federal Taxes,” this time covering 2008 and 2009. The CBO’s statistical series now covers the 30 years since 1979.

The average rate paid by all households for all federal taxes combined — including income taxes, payroll taxes, excise taxes (on such things as gasoline, tobacco and alcoholic beverages) and individuals’ share of corporate income taxes — hit its highest rate during the period in 2000, just before President George W. Bush began signing the tax cuts that are scheduled to expire next year (unless Congress extends them again).

The all-household rate was 22.7 percent the year before Bush took office, then declined to 19.9 percent in 2007 (lower than in any year before he took office) and plunged again to 18 percent in the recession year of 2008. That was the lowest until the following year, Obama’s first, when it dropped again to 17.4 percent.

http://www.factcheck.org/2012/07/tax-fa ... -30-years/

Dang... And you know, the EFFECTIVE tax-rate of U.S. corporations is the lowest it's been in 60 years... (Most of them, including G.E., Apple, ad nauseum, are paying somewhere between ZERO and 2%....)

So, y'all let us know when you have something to be outraged about besides the usual teabagger talking-points...

Federal taxes lowest since 1950

WASHINGTON — Think your taxes are too high? As a share of the nation's economy, Uncle Sam's tax take this year will be the lowest since 1950.

And for the third straight year, American families and businesses will pay less in federal taxes than they did under President George W. Bush, thanks to a weak economy and a growing number of tax breaks for the wealthy and the poor.

Income tax payments this year will be nearly 13% lower than in 2008, last full year of the Bush presidency. Corporate tax receipts will be lower by a third, according to projections by the nonpartisan Congressional Budget Office.

The poor economy is largely to blame. But so is a tax code that grows each year with new deductions, credits and exemptions. The result is that families making as much as $50,000 can avoid paying federal income taxes, if they have at least two dependent children. Low-income families can actually make a profit by filing an income tax return, and the wealthy can significantly cut their payments.

http://www.usatoday.com/money/perfi/tax ... axes_N.htm

You really need to take a course in taxation too. Big difference between tax rates and tax receipts.

Maybe it's an Illnoise thing but I have outlaws that live in the Northern suburbs of Chicagoland, the taxes that the tiny town they live near are so high on gas, groceries, and everything else they actually pay me to bring things in from Iowa when I go to visit. Even when factoring in $4.00 a gallon gas I save them money every trip.

Governments that are not business friendly will get their way, businesses that can't turn a profit due to over regulation and high taxes will do exactly what the Cabela's in this story is considering. Where will the Cook County government get their budget from when the businesses leave the county and people stop living there? Perhaps it's worth letting the Cook County government slit their own sack.

Here in AZ....a very conservative state, with already high sales tax, there is a ballot measure that would raise our sales tax to the second highest in the US. So it isn't just an Illinois thing.

Democracy4Sale wrote: Sorry, Bob... You've REALLY got to stop sucking down that teabagger/Grover-Norquist :Koolaid:

Tax Facts: Lowest Rates in 30 Years

Politicians talk about the burden of taxes incessantly. Now comes a rare chance to check the facts. And the fact is that federal tax rates had fallen to the lowest in 30 years when President Barack Obama took office — and fell again in his first year in office.

This news comes from the nonpartisan Congressional Budget Office, which just issued the latest update of its invaluable series on “Distribution of Household Income and Federal Taxes,” this time covering 2008 and 2009. The CBO’s statistical series now covers the 30 years since 1979.

The average rate paid by all households for all federal taxes combined — including income taxes, payroll taxes, excise taxes (on such things as gasoline, tobacco and alcoholic beverages) and individuals’ share of corporate income taxes — hit its highest rate during the period in 2000, just before President George W. Bush began signing the tax cuts that are scheduled to expire next year (unless Congress extends them again).

The all-household rate was 22.7 percent the year before Bush took office, then declined to 19.9 percent in 2007 (lower than in any year before he took office) and plunged again to 18 percent in the recession year of 2008. That was the lowest until the following year, Obama’s first, when it dropped again to 17.4 percent.

http://www.factcheck.org/2012/07/tax-fa ... -30-years/

Dang... And you know, the EFFECTIVE tax-rate of U.S. corporations is the lowest it's been in 60 years... (Most of them, including G.E., Apple, ad nauseum, are paying somewhere between ZERO and 2%....)

So, y'all let us know when you have something to be outraged about besides the usual teabagger talking-points...

You are putting tax concepts in a blender Lmoney.

People making less than the SS cutoff (the regressive cut off) pay 4.2% (6.2% before last year and starting next year) plus 1.45% which is close to 8% plus the employer matches another 8%, so unless you are rich, on your behalf, that is 16%, that does not include income tax or any business taxes or the massive amount of time and liability small businesses have to spend filling out the forms for all types of taxes.

Also taxes just reflect the part of the burden we are paying, we borrow the rest.

You should take the total income of non government employees and owners made last year in gross and divide the total expenses of the fed/state and local govts into it and look at that %...

THAT'S the % of taxes that WE as a country paid on our production.

In 2011 Total fed,state and local spending = 6.1 trillion or get this and get ready to make up stuff to deny it ...$61,000 per significant tax paying American or over $20,000 per living person in the USA.

In 2011 Total income by US citizens was 12.9 trillion, geeeeeeeeeez only about double what our govt spent.

6.1/12.9 = 47% Lmoney, you of all people, to claim numbers in the teens, get real. You numbers barely cover SS and MC.

But, Remember in 2012 all the money collected by the fed in taxes is not even enough to pay for SS, MC, MA and the interest on the debt, there is no money collected for the military, the white house, any other welfare programs, education, law enforcement, etc. We borrow all that.

What does that mean, that 47% is the lowest are taxes will be for a long time. We need to STOP spending outright and raise taxes by quite a bit to even come close to balancing the budget. You guys are just debating how many holes are in a sinking ship. This country has written the end of it's play.

In the end Lmoney may be right, given the almost assured financial failure of our govts by design, we might as well get as much as we can from them before they sink. Brilliantly selfish, screw the kids, downright perfect.

The OP article was about Illinois taxes on businesses, LOL
Its entertaining to see some posters here jump in with robotic responses that have nothing to do with the topic. Hilarious really. Carry on!

LOL wrote: The OP article was about Illinois taxes on businesses, LOL
Its entertaining to see some posters here jump in with robotic responses that have nothing to do with the topic. Hilarious really. Carry on!

Hey, I was responding to Lmoney, she brought up personal taxes and was again so for off in numbers and concepts, I was again concerned should could corrupt the young or weak minded with such propagandized trash. I don't tolerate, I correct, get corrected then respect or write off (some around here call it ignore).

But remember in the end, all business taxes for business that don't fail are passed on to either to employees or the customers, which end up paying or owing future personal taxes. Businesses never really pay taxes, they are just a way to make sure you pay the taxes with a little bit of extra tax (aka profit) built in. Well distributed corporate taxes are a way to increase personal taxes without people really knowing, in fact asking for it - they even help companies by increasing the perceived value of their products, make them more established and help to stop small, innovative competition.

So to try to fraction the tax argument any more to make it make sense, when the fractionating is the game being played to program you to make such a response. By fractionating all the taxes, we actually debate each little part, based on a bunch of subtle opinions and then never debate when the net taxation of a citizen should be...how could you, you pay in 50-100 different ways...and most people cannot even keep a bank of four light switches straight in their head, even pretty smart people.

Is this not the fundamental tax question, how much can the typical person take care of on their own and how much do they need to contribute to take care of the typical person that cannot. This number should run pretty steady over time. I am not suggesting it be 10%, but the concept is not new. We should be debating this number as a populous and let the reps and senators fight over how to divide it, knowing we are watching and may not hire again. We are playing this game like the individual parts don't add up to a meaningful number, when in the end, it is really the only meaningful number we should be debating, Right now we know mathematically that 47% does not cut it, it must be higher, at least for some time.

To some of us this stuff is all integrated and when we talk about how it all relates, its sounds like robotic responses to those that don't realize how much all this stuff relates, even if they know it. Talk about robotic, most of what we talk about around here is how to run other peoples lives and spend their money. How to over run their liberties. Sorry if my resistance or the desire to come up with a holistic, non violent, solution to some of our money and power greed issues is getting boring or redundant - and always sorry to tie it all together - confusion works better if you never take a step back.

There is no such thing as business taxes because businesses don't really exist. Businesses are money paper games designed by the govt originally for their use. Only people exist and a business is made of up of owners, employees and customers. In today's mega business world and even in many small businesses, the volume of money that employees and customers have influence over is many, many, many, many times larger than the owner, even if you feel he or she is overpaid. This is why in the end talking about taxes on business is talking about taxes on employees and customers, citizens, which could be of many states or nations, again esp in today's mega business world. The effective business tax rate of a corporation is almost meaningless. Why not report their effective real estate cost per square foot? Only people pay taxes in net. Which is why I always bring it back to the peoples' share of the decision. $20k per beating heart per year, plus backlog. I wish I had a robot to work for me to make that money.

No worries OTN, your posts are fine, although I have trouble following the train of thought sometimes.