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Archive for the ‘Illinois’ Category

Temporary Income Tax in Illinois

Wednesday, February 16th, 2011

When does the madness stop or is it just starting? The Illinois State Legislature is playing Obama Poker with their citizens. I have family members in Illinois will be affected by the proposed tax increase scale through the state’s Tuesday, January 11, 2011. Personal income tax is expected to increase from 3% to 5% and corporate tax to 7% from 4.8%. (For all those who cut class algebra, which is an additional tax on income $ 1,000 $ 50,000.) I believe this will be a “temporary” tax increase to help the state get out from $ 13 billion deficit. Expected through early today in the Illinois Senate. Maybe my family will eventually decide to move closer to home?

Living in Pennsylvania I am well aware of “temporary” tax increases. One of our most publicized taxes is the Johnstown Flood tax in response to the 1936 flood. It was created to help clean up and aid the affected flood victims. Approximately 75 years later, the “temporary” tax collects around $200 million annually that goes into the general fund. It is no longer used to help the victims of the flood. I am curious though, how many of the victims affected by the Jamestown flood are still alive today?

If I was a descendent of the Jamestown flood victims, I would demand restitution to get what is rightfully mine. Why not? It’s not my fault that my ancestors choose to live on a well-known flood plain especially since it only happened in 1894, 1896, 1907 and 1924. What personal qualities are important? Customer service is key. Food service is particularly vulnerable. Guests must be properly greeted, Service must be good, food and drinks above average. Prices must represent value. Retail shops must acknowledge customers but allow some “adjustment” time.

Good luck, Illinois. There is nothing “temporary” tax on the increase. Learn to cut spending and take a serious look at the benefits that the increasing risk of bankruptcy of your state. Just to let you know, Governor Brown (D) of California is proposing to extend “temporary” sales and income tax and cut services to help them out of the quagmire of their own interests. I believe that California will soon be playing poker than Obama.

Manufacturing Companies in Chicago

Tuesday, February 15th, 2011

Chicago started with the major meat companies. They grew in Chicago. Companies such as Armour created global enterprises. Though the meatpacking industry currently plays a lesser role in the city’s economy, Chicago continues to be a major transportation and distribution center. Chicago is the third busiest intermodal port in the world after Hong Kong and Singapore. It is the financial and business capital of the Midwest.

Today, Chicago is home to 12 Fortune 500 companies and is considered to be a prime-manufacturing centre. Manufacturing, printing and publishing, and food processing also play major roles in the city’s economy.

Although Chicago failed to attract the automobile-manufacturing dominance it sought, its other industries thrived through much of the 20th century. Chicago is a major radio and electronics centre. Like all manufacturing cities, the Great Depression also devastated Chicago. But it emerged safe after a while.

Where will you find about manufacturing companies in Chicago? Search for them in the business directories. They will be listed in such directories available locally and globally. Find out the advertisements available about their products. Search in the Internet to find out, who are they and what they do. Newspapers often publish articles on these manufacturing companies.

What types of manufacturing companies are there in Chicago? There are different types of manufacturing companies present in Chicago. Some of the companies are Boeing Co, Kraft Foods Inc., Motorola Inc. Caterpillar Inc., Sara Lee Corp, Deere & Co, Baxter International Inc, Newell Rubbermaid Inc., Tenneco Automotive Inc, Wm. Wrigley Jr. Co, IMC Global Inc., Packaging Corp. of America,, Federal Signal Corp., Richardson Electronics Ltd., Zebra Technologies Corp. and many more.

Impact on the economy of Chicago

These manufacturing companies helped Chicago to get a big name in the field of business and manufacturing. They are the main tools in the upliftment of the economy of the place, sate and the country. They bring more and more money to the country and increase the status of the city. They are helping the city grow bigger and bigger. Manufacturing companies are offering better scope for growth to the economy.

They are providing employment opportunities for thousands of people. United states economy is dependent on the performance of such companies. When they perform well, then the economy rises and the NASDAQ soars. When they are hit by some or other factor, the US economy also gets hit.