Add another business to the list. I’m laying off all of my employees so that, after I’m done with law school, my wife, my daughter, my business, and I can leave the state unencumbered. Take my advice – do what rats do on a sinking ship – bail out of this bum state!
James R. Holmes, EA, PI
]]>Boxing is just show business with blood…
]]>In addition to that, local businesses are subject to other government fees aside from just income, sales or property taxes. They must remit monies for a variety of fees and permits, as well as contribute to unemployment compensation programs and workers compensation programs. In addition, the morass of government regulation placed on small, medium and large businesses each year comes at a very high price as well.
Wisconsin will never attract or retain good companies that offer competitive wage packages for their employees if the state imposes massive tax increases on said companies. Business leaders make their decisions based on many factors, and perhaps the single-most prevalent factor is the tax climate from state to state. Wisconsin is constantly competing for business not only in the Mid-West, but also nationally and internationally. Thus, to advocate sweeping tax increases in the name of some kind of fairness or egalitarianism would leave those entities with little choice but to either cut their workforce or simply move out of state.
]]>There’s a reason for that…
Nor does it sort out “corporations” from partnerships, Sub-S companies, or sole proprietorships, where the tax obligation falls directly on individuals–then comparing the % of each of those entities to the %s found in other States.
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