Time for Thorns

An independent view on life.

Posts Tagged ‘fur coats

100% of zero…

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Gov. Quinn is thrilled that the clueless idiots who make up the Illinois state House and Senate have just raised the  state’s  personal income tax rate by 67% and the business income tax rate by 46%.    Do you view the deal any more favorably by knowing the rate was 3% and is now 5%,  or are you suddenly content to ignore the fact that total tax burdens in Illinois are among the highest in the country?

Surrounding,  lower-tax states will no doubt welcome the individuals and businesses which flee the Democratic regime,  since they are smart enough to realize raising taxes won’t balance the budget.   100% of zero is still zero,   and that’s about how much additional revenue the state will collect,  but Quinn and the Dems will still be proud of their economic prowess.  Do note that it was done at the last minute by the old legislature,   just before the new one takes charge.

Apparently  some at the inaugural ball decided to hedge their bets.

Remember,  this is where His Oneness comes from.

Written by timeforthorns

January 13, 2011 at 8:53 am

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