The Owner of Jimmy John's just moved his family(before the state corporate and personal income tax increase) down to Florida. He was going to commute. He now will be recommending moving the corporate headquarters from Champaign to Florida(or some other pro business state). That is 100 corporate jobs plus Taxes on the Profits. Now I think he might have thought about moving his business any way but this made the decision easier.
I am sure more to come.
Florida already had a large advantage over Illinois, or any other Midwestern state.
It'd be one thing if he was moving the company to Wisconsin, but he's not. Florida already had an advantage over us, and unless you can change our weather and make Illinois a tourist destination like Florida so you can rake in sales taxes, there's not much you can do about it.
It's not like Florida doesn't have budget problems of their own anyways. Even the republicans there don't think Governor Scott will be able to lower taxes as he claimed he would. I believe their property taxes are higher also to make up for the income tax. Correct me if I'm wrong though.
(01-20-2011 08:39 AM)klake87 Wrote: [ -> ]The Owner of Jimmy John's just moved his family(before the state corporate and personal income tax increase) down to Florida. He was going to commute. He now will be recommending moving the corporate headquarters from Champaign to Florida(or some other pro business state). That is 100 corporate jobs plus Taxes on the Profits. Now I think he might have thought about moving his business any way but this made the decision easier.
I am sure more to come.
I would not doubt that at all.
(01-20-2011 08:39 AM)klake87 Wrote: [ -> ]The Owner of Jimmy John's just moved his family(before the state corporate and personal income tax increase) down to Florida. He was going to commute. He now will be recommending moving the corporate headquarters from Champaign to Florida(or some other pro business state). That is 100 corporate jobs plus Taxes on the Profits. Now I think he might have thought about moving his business any way but this made the decision easier.
I am sure more to come.
If he does. I say don't let the door hit you on the ass on the way out. My guess is he is was already going to do it all along(ie before the tax increase). Sorry but if you REALLY believe that he was going to commute to and from Florida, then I have a swampland in Florida I would like to sell you.(very close to his house actually).
(01-20-2011 11:23 AM)RobertN Wrote: [ -> ] (01-20-2011 08:39 AM)klake87 Wrote: [ -> ]The Owner of Jimmy John's just moved his family(before the state corporate and personal income tax increase) down to Florida. He was going to commute. He now will be recommending moving the corporate headquarters from Champaign to Florida(or some other pro business state). That is 100 corporate jobs plus Taxes on the Profits. Now I think he might have thought about moving his business any way but this made the decision easier.
I am sure more to come.
If he does. I say don't let the door hit you on the ass on the way out. My guess is he is was already going to do it all along(ie before the tax increase). Sorry but if you REALLY believe that he was going to commute to and from Florida, then I have a swampland in Florida I would like to sell you.(very close to his house actually).
This might affect your employment delivering for Jimmy Johnns.
(01-20-2011 01:27 PM)klake87 Wrote: [ -> ] (01-20-2011 11:23 AM)RobertN Wrote: [ -> ] (01-20-2011 08:39 AM)klake87 Wrote: [ -> ]The Owner of Jimmy John's just moved his family(before the state corporate and personal income tax increase) down to Florida. He was going to commute. He now will be recommending moving the corporate headquarters from Champaign to Florida(or some other pro business state). That is 100 corporate jobs plus Taxes on the Profits. Now I think he might have thought about moving his business any way but this made the decision easier.
I am sure more to come.
If he does. I say don't let the door hit you on the ass on the way out. My guess is he is was already going to do it all along(ie before the tax increase). Sorry but if you REALLY believe that he was going to commute to and from Florida, then I have a swampland in Florida I would like to sell you.(very close to his house actually).
This might affect your employment delivering for Jimmy Johnns.
You are sounding very elitist. I thought you teabagging rightwingers hate the elite?
(01-20-2011 02:10 PM)RobertN Wrote: [ -> ] (01-20-2011 01:27 PM)klake87 Wrote: [ -> ] (01-20-2011 11:23 AM)RobertN Wrote: [ -> ] (01-20-2011 08:39 AM)klake87 Wrote: [ -> ]The Owner of Jimmy John's just moved his family(before the state corporate and personal income tax increase) down to Florida. He was going to commute. He now will be recommending moving the corporate headquarters from Champaign to Florida(or some other pro business state). That is 100 corporate jobs plus Taxes on the Profits. Now I think he might have thought about moving his business any way but this made the decision easier.
I am sure more to come.
If he does. I say don't let the door hit you on the ass on the way out. My guess is he is was already going to do it all along(ie before the tax increase). Sorry but if you REALLY believe that he was going to commute to and from Florida, then I have a swampland in Florida I would like to sell you.(very close to his house actually).
This might affect your employment delivering for Jimmy Johnns.
You are sounding very elitist. I thought you teabagging rightwingers hate the elite?
I am not a *********. What you do in the privacy of your bedroom is non of my business. I believe in a lot of the TEA PARTY thoughts(not all). I am not an elitist, I work hard for a living.
By my calculation, this will cost the state about $500k in tax revenues since 100 people were working, earning money and paying taxes. This does not count the SUI tax paid by Jimmy Johns. With their growth, doubt they were downsizing and laying off people. So they were contributing more that their former employees were taking out of the system.
Thats ok, their sandwiches suck anyways.
I could really go for some Jimmy Johns right now
Jimmy Johns is terrible. Like, awful. Limp bread, preportioned meat, ******* mayo as a standard ingredient on their Italian....embarassing. Theres far better mom and pops in this city, that are cheaper to boot. Eat at
Bari and then get back to me about good subs. At least Potbellys knows the definition of giardinara.
His point, "I'm not sophisticated enough, smart enough..." may be about the only thing he got right.
The simple reality -- that Mr. Liautaud clearly doesn't grasp -- is that moving his headquarters will have virtually ZERO impact on his business' tax rate. Businesses in Illinois are taxed based on where their *customers* are located, not the location of their *headquarters*.
Say Jimmy John's makes $5M in profits, $3M of which is from Illinois. That $3M is taxed at 7% regardless of whether his headquarters is located inside the state or in another one.
The only way for Jimmy John's to avoid paying Illinois' corporate tax rate is to not do business at all in Illinois. And if Mr. Liautaud and the rest of his business' leadership are so profoundly incompetent that they don't understand that stone-simple reality, then I'd say it's a fair bet that no matter what happens with the tax rate, before long they won't be doing business in Illinois -- or anywhere else, for that matter.
If taxes are so damned important to the bottom line, why haven't all of these companies long ago moved to states that have had low taxes for decades: Arkansas, Mississippi, the Dakotas, wherever? Could it be that education facilities, cultural offerings, skilled workers, and transportation facilities have something to do with it, too? An income tax is one thing; how many of these low-tax states also have a personal property tax we never hear about? But, I'm sure when you're making a living off of minimum-wage workers, Florida probably does look attractive (especially this time of year).
They probably have frnachise fees that are taxed in illinois. In case u have not noticed, the population is moving south. Did toyota, nissan, mitsubishi set up shop in detroit? No, southern states that r more business friendly.
(01-20-2011 07:33 PM)niuhuskie84 Wrote: [ -> ]Jimmy Johns is terrible. Like, awful. Limp bread, preportioned meat, ******* mayo as a standard ingredient on their Italian....embarassing. Theres far better mom and pops in this city, that are cheaper to boot. Eat at Bari and then get back to me about good subs. At least Potbellys knows the definition of giardinara.
His point, "I'm not sophisticated enough, smart enough..." may be about the only thing he got right.
The simple reality -- that Mr. Liautaud clearly doesn't grasp -- is that moving his headquarters will have virtually ZERO impact on his business' tax rate. Businesses in Illinois are taxed based on where their *customers* are located, not the location of their *headquarters*.
Say Jimmy John's makes $5M in profits, $3M of which is from Illinois. That $3M is taxed at 7% regardless of whether his headquarters is located inside the state or in another one.
The only way for Jimmy John's to avoid paying Illinois' corporate tax rate is to not do business at all in Illinois. And if Mr. Liautaud and the rest of his business' leadership are so profoundly incompetent that they don't understand that stone-simple reality, then I'd say it's a fair bet that no matter what happens with the tax rate, before long they won't be doing business in Illinois -- or anywhere else, for that matter.
If taxes are so damned important to the bottom line, why haven't all of these companies long ago moved to states that have had low taxes for decades: Arkansas, Mississippi, the Dakotas, wherever? Could it be that education facilities, cultural offerings, skilled workers, and transportation facilities have something to do with it, too? An income tax is one thing; how many of these low-tax states also have a personal property tax we never hear about? But, I'm sure when you're making a living off of minimum-wage workers, Florida probably does look attractive (especially this time of year).
...does anyone believe that only People pay taxes and not corporations? That corporations are tax conduits? ..Anyone?
(01-20-2011 03:40 PM)klake87 Wrote: [ -> ] (01-20-2011 02:10 PM)RobertN Wrote: [ -> ] (01-20-2011 01:27 PM)klake87 Wrote: [ -> ] (01-20-2011 11:23 AM)RobertN Wrote: [ -> ] (01-20-2011 08:39 AM)klake87 Wrote: [ -> ]The Owner of Jimmy John's just moved his family(before the state corporate and personal income tax increase) down to Florida. He was going to commute. He now will be recommending moving the corporate headquarters from Champaign to Florida(or some other pro business state). That is 100 corporate jobs plus Taxes on the Profits. Now I think he might have thought about moving his business any way but this made the decision easier.
I am sure more to come.
If he does. I say don't let the door hit you on the ass on the way out. My guess is he is was already going to do it all along(ie before the tax increase). Sorry but if you REALLY believe that he was going to commute to and from Florida, then I have a swampland in Florida I would like to sell you.(very close to his house actually).
This might affect your employment delivering for Jimmy Johnns.
You are sounding very elitist. I thought you teabagging rightwingers hate the elite?
I am not a *********. What you do in the privacy of your bedroom is non of my business. I believe in a lot of the TEA PARTY thoughts(not all). I am not an elitist, I work hard for a living.
By my calculation, this will cost the state about $500k in tax revenues since 100 people were working, earning money and paying taxes. This does not count the SUI tax paid by Jimmy Johns. With their growth, doubt they were downsizing and laying off people. So they were contributing more that their former employees were taking out of the system.
So do JJ drivers which you just bashed because YOU are SO much BETTER than them. Sounds elitist to me.
Btw, Tea Party follwoers used to call themselves tea baggers so I an just calling them what they called themselves.
Who gives a damn, cheapazz corp tards; there sandwiches aren't close to Quizno's or Cousins anyway. If they leave the state, boycott them.
(01-20-2011 08:49 PM)NIU05 Wrote: [ -> ] (01-20-2011 07:33 PM)niuhuskie84 Wrote: [ -> ]Jimmy Johns is terrible. Like, awful. Limp bread, preportioned meat, ******* mayo as a standard ingredient on their Italian....embarassing. Theres far better mom and pops in this city, that are cheaper to boot. Eat at Bari and then get back to me about good subs. At least Potbellys knows the definition of giardinara.
His point, "I'm not sophisticated enough, smart enough..." may be about the only thing he got right.
The simple reality -- that Mr. Liautaud clearly doesn't grasp -- is that moving his headquarters will have virtually ZERO impact on his business' tax rate. Businesses in Illinois are taxed based on where their *customers* are located, not the location of their *headquarters*.
Say Jimmy John's makes $5M in profits, $3M of which is from Illinois. That $3M is taxed at 7% regardless of whether his headquarters is located inside the state or in another one.
The only way for Jimmy John's to avoid paying Illinois' corporate tax rate is to not do business at all in Illinois. And if Mr. Liautaud and the rest of his business' leadership are so profoundly incompetent that they don't understand that stone-simple reality, then I'd say it's a fair bet that no matter what happens with the tax rate, before long they won't be doing business in Illinois -- or anywhere else, for that matter.
If taxes are so damned important to the bottom line, why haven't all of these companies long ago moved to states that have had low taxes for decades: Arkansas, Mississippi, the Dakotas, wherever? Could it be that education facilities, cultural offerings, skilled workers, and transportation facilities have something to do with it, too? An income tax is one thing; how many of these low-tax states also have a personal property tax we never hear about? But, I'm sure when you're making a living off of minimum-wage workers, Florida probably does look attractive (especially this time of year).
...does anyone believe that only People pay taxes and not corporations? That corporations are tax conduits? ..Anyone?
2/3 of all corps that do biz in the US pay no Federal Income Tax, even Shawna Hannity admits that.
Yep you Teabaggers called yourselves that before the light dawned in your heads what the connotation of that phrase means in modern society. Only when that happened did you change your moniker to Tea Party. Since you weren't smart enough to know the connotation before you chose your original moniker, I'll stick with the original.
(01-23-2011 11:28 PM)onlinepole Wrote: [ -> ]Yep you Teabaggers called yourselves that before the light dawned in your heads what the connotation of that phrase means in modern society. Only when that happened did you change your moniker to Tea Party. Since you weren't smart enough to know the connotation before you chose your original moniker, I'll stick with the original.
Ah, a fine example of the angry left. I find it offensive to call anyone by a gay slur, or a slur of any sort. If you are a lefty, it is ok. And, every teapartier called themselves teabaggers. Every single one. Yep.
Still waiting for your mea culpa on the Arizona shooter being a "*********." All I hear are the crickets.
Troll.
(01-24-2011 09:10 AM)GeorgeBorkFan Wrote: [ -> ] (01-23-2011 11:28 PM)onlinepole Wrote: [ -> ]Yep you Teabaggers called yourselves that before the light dawned in your heads what the connotation of that phrase means in modern society. Only when that happened did you change your moniker to Tea Party. Since you weren't smart enough to know the connotation before you chose your original moniker, I'll stick with the original.
Ah, a fine example of the angry left. I find it offensive to call anyone by a gay slur, or a slur of any sort. If you are a lefty, it is ok. And, every teapartier called themselves teabaggers. Every single one. Yep.
Still waiting for your mea culpa on the Arizona shooter being a "*********." All I hear are the crickets.
Troll.
Well, we never said ALL of them called themselves tea baggers. Many of the ones who went on tv at the start of the "grassroots" campaign(started and paid for by the Koch brothers) were calling themselves that. So we just continue with the name. In actuallity, we should call you tea bagees and the corps that run the tea party, tea baggers.
As for the shooter, we got some early snipits of info about the guy but we really won't know if he was a deranged tea bagger until the trial when all the info on the nutjob comes out.
I remember the first time I heard about the Tea Party. I was in Iraq. It was pretty hilarious. This was before the Tea Party went big. Fox news guys were calling them tea baggers. I think that was more due to the fox news guy not knowing what tea bagging was. Needless to say a bunch of people in the chow hall were laughing. It was funny.
I know, GBF, that you are a great person and wouldn't call anyone such mean names. You are above the ugly mean spirited talk of modern politics, right? You prefer discussion over name calling and generalizations. Right?
Anyways, I used to work for Jimmy Johns. I'm not ashamed of it. Should I be?
(01-24-2011 11:17 AM)niuguy Wrote: [ -> ]I remember the first time I heard about the Tea Party. I was in Iraq. It was pretty hilarious. This was before the Tea Party went big. Fox news guys were calling them tea baggers. I think that was more due to the fox news guy not knowing what tea bagging was. Needless to say a bunch of people in the chow hall were laughing. It was funny.
I know, GBF, that you are a great person and wouldn't call anyone such mean names. You are above the ugly mean spirited talk of modern politics, right? You prefer discussion over name calling and generalizations. Right?
Anyways, I used to work for Jimmy Johns. I'm not ashamed of it. Should I be?
Nothing wrong with Jimmy Johns. They are considering leaving the state partly to do with Corporate and State tax increase. 100 people will either have to move or lose their jobs. They will be on unemployment and won't be paying taxes into the federal and state coffers. If frustrates me when our government makes decisions that make it harder to do business in Illinois. Good people lose jobs.