by: Diane Benjamin
If you firmly believe government has to run every part of your life – vote Durbin! The rest of us see Durbin’s empire crumbling around him – the peons just won’t comply!
His latest target is Walgreens. He has declared Walgreens unpatriotic for considering leaving America for Switzerland. You can see his campaign here: http://www.dickdurbin.com/action/tell-walgreens-to-stay-in-the-us?utm_source=sp6834430&utm_medium=email&sc=sp6834430&refcode=sp6834430&ta=0
Dickie wants to TELL Walgreens how to run their business. How did that work for GM Dickie?
Let’s look at some facts:
- Illinois’s corporate tax rate for 2014 is 9.5%. Only a few states have a higher rate: http://www.taxadmin.org/fta/rate/corp_inc.pdf
- The top Federal tax rate is 39.6% on taxable income over $406,750: http://taxes.about.com/od/Federal-Income-Taxes/fl/Federal-Income-Tax-Rates-for-the-Year-2014.htm
Dickie expects Walgreens to roll over and pay what he estimates to be $4,000,000,000 (BILLION) over 5 years.
Instead of urging Illinois to make its corporate tax rate competitive, he wants to shame Walgreens into staying in Illinois
Walgreens is considering moving to Switerland where the top corporate tax rate is 17.92%. In the United States it’s 39.6% (Rounded to 40% here). http://www.kpmg.com/global/en/services/tax/tax-tools-and-resources/pages/corporate-tax-rates-table.aspx
Do you roll over when government tells you to? Why are Illinois residents flocking to lower tax states? Are they unpatriotic Dickie?
If you were Walgreens, what would you do?
Dickie has been in Washington DC for 32 years. He has lost touch with reality.
Term Limit Dickie in November!