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1950Brutus - Amazon to open facility in Illinois, hire 1,000 - Quincy, IL News - QuincyJournal.com
I am not blaming anyone - I do my own taxes and I am lazy. What does "illegally defrauding Illinois" mean if it is not an accusation that one didn't pay their taxes??
GuyFawkes10 - Amazon to open facility in Illinois, hire 1,000 - Quincy, IL News - QuincyJournal.com
10-23-14 "Amazon posted its third quarter earnings results today and they were not pretty: the company said it had a operating loss of $544 million, more than twenty times what was lost for the same period in 2013. Its revenues grew to $20.84 billion, an increase of 20 percent over the same period last year, but less than what investors were expecting. In its projections for next quarter, Amazon said…
UrKidsWillPay - Amazon to open facility in Illinois, hire 1,000 - Quincy, IL News - QuincyJournal.com
If you actually did pay the use tax on line 23 you are exceptionally unusual and I never accused you of not paying your use tax. As far as over paying your use tax, that is no ones fault but your own (don't blame your accountant or tax preparer you are responsible for everything that goes on your tax return). Line 23 can be used to report ACTUAL use tax owed or you can use the USE TAX TABLE…
1950Brutus - Baldwin School evacuated following smoke in building - Quincy, IL News - QuincyJournal.com
I am as cynical as they come - even I wouldn't believe the smoke bomb theory - Rosie O'Donnell probably would.
QuincyJournal - Baldwin School evacuated following smoke in building - Quincy, IL News - QuincyJournal.com
Or the voters might allow the school district to take care of that on Tuesday. And, no, I don't believe anyone with the School District shoved smoke bombs in the vents...although I'm guessing some of the grassy knollers thought that when they read the story. BG

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Amazon to open facility in Illinois, hire 1,000

Madigan proposes corporate income tax cut

8 months, 4 weeks ago pantagraph.com

Rate would drop from 7 percent to 3.5 percent under the plan

From pantagraph.com:

House Speaker Michael Madigan on Thursday proposed cutting Illinois' corporate income tax in half in an effort to improve the state's business climate, a move that also could help blunt election-year criticism that Democrats' policies are to blame for a sputtering economy and stubbornly high unemployment.

The legislation would cut the rate from 7 percent to 3.5 percent, effective Jan. 1, 2014. The powerful Chicago Democrat said it would save businesses an estimated $500 million to $700 million in the current fiscal year, which ends June 30.

"I am hopeful this legislation will encourage CEOs to grow their workforces with good paying jobs," Madigan said.

But business groups offered tepid praise, saying it would impact only a fraction of Illinois companies and that other taxes - particularly the personal income tax - are of greater concern.

Kim Clarke Maisch, Illinois director of the National Federation of Independent Businesses, said 75 percent of small businesses are organized in such a way that they pay personal income taxes on all business income. According to the Legislature's Commission on Government Forecasting and Accountability, of the companies organized to pay corporate income tax, about 70 percent had no tax liability in 2010.

"It's a step in the right direction, but the real job creators are small business owners, so if we're looking to give them relief, it would be better if we were to focus on the personal income tax as well," Maisch said.

Speaking to reporters in Chicago, Gov. Pat Quinn said he hadn't talked to Madigan and wouldn't say whether he supported the idea in advance of next month's budget address.

"We'll be preparing a budget," Quinn said. "We'll look at everybody's concepts."

Democratic lawmakers in 2011 approved a temporary tax hike as a way to address Illinois' fiscal crisis. It raised the corporate income tax from 4.8 percent to 7 percent and the personal income tax from 3 percent to 5 percent.

Republicans have made the tax increase a big focus heading into the 2014 election, arguing that the Democrat-controlled Legislature squandered the billions in additional revenue and that the hike drove businesses out of state. They note Illinois still has a roughly $6 billion backlog of unpaid bills and one of the highest unemployment rates in the nation.

The issue also has become more prominent this year because the higher rates are scheduled to roll back on Jan. 1, with the corporate rate dropping to 5.25 percent and the personal income tax to 3.75 percent. Those changes would reduce revenues by about $2 billion in the second half of the next fiscal year, forcing lawmakers to either cut spending or pass new tax legislation.

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