Opinion from a Libertarian ViewPoint

Posts Tagged ‘Florida’s corporate tax rate’

Gillum Wants 40% Corporate Tax Rate Hike

Posted by M. C. 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

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. Read the rest of this entry »

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