Posted on 01/19/2011 10:40:42 PM PST by george76
The founder of Jimmy John’s sandwich shops says he’s considering moving his company’s headquarters from Champaign to Florida because of Illinois’ new tax increase.
Gov. Pat Quinn signed the income tax increase last week to help address billions of dollars in state budget shortfalls. The corporate tax rate increased from 4.8 to 7 percent.
(Excerpt) Read more at suntimes.com ...
Oh well leave then!
Our paradise doesn’t need you! (Just your money.)
The Democrats in IL have just dug a bigger hole in their state’s fiscal outlook.
People are going to pack up and leave. And they won’t be coming back.
Zounds! They are ASKING businesses to leave, or not be profitable.
Incoming! Here comes the exodus!
66% tax increase. They seem to think people love higher taxes. Wait until they have to pay them!
FL has no state personal or corporate income tax. So if you had relocate - where would you go to save money?
FABs or sandwich shops. We’ll take ‘em.
Moving my company to Washington from Montana because of their income tax and their rural property tax thieves who steel from businesses that don’t grow or raise stock.
Moving to the border so I can buy supplies with zero sales tax in Oregon and pay zero income tax in Washington.
Only 5 employees but hey politicians wake up! We don’t mind taxes that go to make government work but when you scum sucking pigs rape us to buy votes we will eventually leave the country to bribe people much cheaper then you.
Don’t think about it—do it!
If it were me, I would have done it yesterday.
In the middle of it now. Bye-Bye MT. These were also jobs that pay much higher then what these people here are use to.
There was an interesting radio spot on the “news” about the tax hikes. Some airhead was interviewed and offered “that with thse huge deficits, well, there’s nothing to do but pay higher taxes, and get on with our lives.”
Sounds like a lot of folks and businesses are going to “get on with their lives” - right out of the state.
Texas, but that's just me .. heh.
I'm a Californian who spent time living in Florida, but when it came time for me to pull up stakes and get the family out of LaLa Land, I chose the Lone Star State.
I still can't believe what a good move it was.
When folks can’t beat liberalism at the polls, they often vote with their feet.
Love Jimmy John’s. Their “Garg” is awesomeness on a roll.
I prefer their bootlegger sandwich.
The name sticks in my mind, but I don’t remember what’s on that one. Does it come equipped with the goodness of bacon? I’m sure I’d like ‘most any of their sandwiches, except for a vegetarian one (I think they have at least one of those?). Vegetarian subs are surely the work of the Devil.
I don’t know much about business taxes, but how does the company feel about the Washington Business and Occupancy Tax and state run workman’s comp? It seems if anything Washington state is lagging behind in job growth.
I’ve seen this sort of thing go on in NY for ages. Dem strongholds with unions who get too greedy for their own good. They never learn.
Roast beef, turkey, lettuce, tomato and mayo. I don’t know why it’s so good. It just is.
We have automated most of what you note here that would be a danger or get me taxed. Other items don’t apply until you have ??? certain amount of employees or operate in certain fields.
We learned long ago to automate and avoid many of the fake injuries that employees like to claim on light duty jobs like ours.
I worked for FedEx a long time ago and watched the least physical employees file carpal tunnel and mild back pain claims. They went through surgery and all in the hope of living a WC life. It’s not available even if you get sawed in half.
All of them now work at convenience stores, Walmart or off their kids.
This taught me what to watch for on the floor so as to not expose myself to the same scams or the regulations.
How do you like them apples?!
Always the Democrats Law of Unintended Consequences!!! Will the last person living in Illinois please turn out the lights??? Oh, yeah, there will be NO electricity as everyone has bailed out.
The Feds take 35% of a corporations profits first. States line up for another 10% (here in CA). Workers Comp rates are ridiculous. Our political leaders all believe they can run any business better than the people who started them. They know best because they care the most. Whatever, they are world class idiots who are like Shakespears poor, poor player who struts and frets his hour upon the “state” and then is heard no more!!!
Jimmy John better get going the Chi-town Soviets will clamp down on relocation soon and may erect a ‘Berlin’ wall around Chi-town. Even now the Thug Stasi will likely lean on any business that mentions relocation.
Yea, we need a DHS wall built on the Florida border. First the Mario boatlift and now this from the other direction.
We do have corporate income tax here just to clear the record. Scott’s campaign goal is to eliminate it though.
Florida has a new activist Republican governor. He is from the business sector. All he talks about is more job creation in FL
So any Illinois businesses that can bug out to Florida will be given the red carpet treatment
Due to the housing bubble the Florida economy stinks as bad as the California economy. But Florida has a Republican governor and both statehouses are Republican. California has Democrats running all three
So a few years from now we will see which state improved its economy
Way to go. No sense is allowing yourself to be a whipping boy or being charged unfair tax rates in comparison to other type businesses
I’m right there with ya. Did more than my part in campaigning for the Tea Party approved ticket since June of 09 with my first candidate choice then was Rubio after hearing his presentation in Lake City. I know people who are personal friends with Rick Scott and now I am stumping for the man who will follow in the same mold for the next Mayor of Jacksonville.
It is high time to start cutting these rediculous state and local budgets with an axe instead of a scapple. The first ray of things to come was the strikethrough of any idiodic high speed rail systems. Anxiously looking for more to come.
Soon to be Illinoistan, a la Michigan?
If I was Jimmy Johns I’d move so fast you’d freak.
IL: Losing business so fast you’ll freak!
Just pay your taxes ten years in advance and you’ll be allowed to cross the state line.
Ahhh...yes, that would be cash.
I would have left, said nothing until I hit the new home state then make a grand procolomation about why I left.
Way to go!
I like Marco’s lifestyle... Family man with a nice family. Marco will be a vast improvement over that cynical money grubber Mel Martinez. Who I voted for rather than any Democrat
Rick Scott— Lets see what a real businessman can do as governor. I have high hopes and voted for him in the primary. I was really worried that Scott was going to lose to Alex Sink. She came off pretty good, it was a close election
Wow—all our high state offices are filled by Republicans. Only exception is that imbecile Bill Nelson. He is way past his sell date.
We have other border states to choose from, among them, Indiana,Iowa,Missouri and Kentucky. We'll leave Michigan out of the equation for now.
I live in central Illinois and my personal choice is Missouri.
Illinois does not tax retirement income, Missouri does. Since my retirement income is a minority part of my total, it still will be profitable for us to move there, lower property taxes etc., with the added advantage of, Missouri has concealed carry, while it is still a felony in Illinois to think about guns.
Florida would welcome this company.
All he has to do is tell us when he is coming and we will have offices waiting for him.
And by the way there is no INCOME TAX in Florida.
I'm a Californian who spent time living in Florida, but when it came time for me to pull up stakes and get the family out of LaLa Land, I chose the Lone Star State.
We are talking about Illinois though. Too much culture shock for a move to Texas. They should go to Floriduh on a probationary status, and if they can demonstrate nominal levels of patriotism and free market ideas, then they might be good enough for Texas.
We have had far too much blue added to our state recently and it is worrying me.
You can't fix stupid.
I wouldn’t be surprised to see Nelson decide to not run, although not very likely he can give up on the perks. I do business with people in the Space Coast area and it appears nobody is happy with him at all, even a professor at FTI says the same for most on campus he knows. All we need now is for another Marco to rise and take him on. I will be watchful for any rumblings and as soon as someone with credibility steps up, I’ll be ready to help.
Bill Nelson is 68 same as Joe Lieberman who just bailed due to primary challenges. So I rate it at 50% that Nelson will quit while he is ahead rather than quitting due to sickness. Meaning that the voters got sick of him
:)
35 posts to get there. FR is really slipping.
If the Illinois emigrants come out of the large cities, I would tend to agree with you. Even though I had a decidedly non-urban frame of mind, and was very tuned in to flyover country values and culture, I still had a tough adjustment period after moving to Texas.
In the first year we were here, we knew of at least one family from the north-east who failed to adjust to Texas, and wound up moving to Tennessee.
I know a contractor who is originally from Chicago. He's been here for almost a decade, but still seems un-adjusted to Texas culture. I once asked him about that, and he told me that the economy is the only thing that keeps him here.
I was pretty amazed myself when I scanned through the replies and found the low-hanging fruit still hanging!
It must suck, BIG TIME!, to be next door to Indiana!
We are going after the businesses in Illinois full bore!
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