MCViewPoint

Opinion from a Libertarian ViewPoint

Gillum Wants 40% Corporate Tax Rate Hike

Posted by M. C. Fox on August 29, 2018

Those free stuff crazy millennial socialists! I hope he does it. Maybe it will make Pennsylvania start to look good.

Corporations don’t pay taxes, they collect them.

Taxes = cost of doing business. Either the price goes up/sales goes down, dividends are less, employees are not hired/laid off or all the above.

Everyone loses. Where do these clowns think the money will come from?

“The problem with socialism is that you eventually run out of other people’s money.”

Margaret Thatcher
― Margaret Thatcher

https://www.atr.org/gillum-wants-40-corporate-tax-rate-hike

Posted by ATR

–Gillum tax hike would give Florida the highest corporate tax in the region–

Bernie Sanders-backed candidate Andrew Gillum has won the Democrat nomination for the governorship of Florida. Taxpayers beware: Gillum wants to impose a massive tax increase on Floridians, starting with a corporate tax rate hike of over 40 percent.

As reported by the Tampa Bay Times:

Gillum said if elected, he would increase Florida’s corporate tax rate to 7.75 percent, up from the current 5.5 percent.

That’s a 40.9% increase — a tax hike of over a billion dollars.

Gillum’s tax hike to 7.75% will give Florida the highest corporate tax rate in the region — higher than Georgia, South Carolina, North Carolina, Tennessee, Alabama, and Mississippi.

The state corporate rates are as follows:

North Carolina            3.0%

South Carolina            5.0%

Mississippi                  5.0%

Georgia                        6.0%

Tennessee                   6.5%

Alabama                      6.5%

GILLUM TAX HIKE      7.75%             …

Be seeing you

Bernie

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: