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News & Features
George Fabyan July 22, 2014 at 07:23 pm
Stop being a Profit Center and start using your money to be the change you want to see
Seer_ July 22, 2014 at 08:32 pm
"What the govt is good at is collecting taxes, taking away your freedoms and killing people.Read More It's not good at much else" Tom Clancy,.
Bill Gnech July 23, 2014 at 12:05 am
Sign the Term Limit petition in Arlington Heights. Must be registered voter.
Vicky Kujawa July 22, 2014 at 07:59 pm
Barry and Michelle aren't planning on coming back to ILLAnnoy; they're buying a multi-million dollarRead More estate in a gated community in Rancho Mirage. They be'z down with the everyday peoples!
Vicky Kujawa July 22, 2014 at 08:00 pm
Bill and Hill are po peoples.
Vicky Kujawa July 22, 2014 at 08:01 pm
Bill and Hill be po peoples
This guy deserves his bad reputation.
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Jamie July 21, 2014 at 12:33 pm
Rick Johnson – I agree that Illinois has to be more competitive, it’s just a fact ofRead More life. But is there an end to how far we should stoop? It is not just Illinois, but even the business friendly states that are losing out to foreign competition. And while red states are whipsawing blue states, all our states are being adversely affected. In 2013 according to Walgreen’s annual report, they paid about $134 million in state taxes which was about 2.2% of their earnings. What that does not reflect is the $6 million tax credit over a 10 year period nor does it reflect $625,000 in state incentives to train employees. Souce: http://redecatur.com/walgreens-to-renounce-u-s-citizenship/. But, I thought that the Illinois corporate tax rate was between 7% to 9%. In the US we previously argued which was better between red & blue states, and perhaps Walgreens would consider moving to Texas since their stated tax rate is 0% (Not really accurate since they have other ways of taxing corporations) but cheaper none the less. The nominal tax rate for the US is 35%, but corporations with a tax accounting department never actually pay that amount, and in fact many profitable corporations actually net rebates rather that actually paying taxes. I should clarify that those corporations that actually accrue a tax liability will defer the majority of if and therefore the cash actually transferred to the federal/state government is delayed for years. That amounts to an interest free loan in my opinion. But, individuals do not get to defer their taxes indefinitely like corporations. According to Walgreens 2013 annual report, their pre-tax earnings were $3,895 million and they paid $1,122 million (28.8%) but when one considers their tax deferral of $816 million their effective tax rate in 2013 was actually 7.9% As I understand, Switzerland’s nominal tax rate is 17%. I do not know if their effective tax rate is less than that. But I have to ask the questions. Are Illinois taxes really that high when one considers incentives and tax breaks? OK, so Texas’ state tax rate is lower and I understand the allure of moving to Texas, but Walgreens like many other corporations are no longer whipsawing U.S. states, they are saying to hell with all the states and denouncing their U.S. allegiance by exploiting the benefits of inversion. So are the red states taxes too high as well? Or is it the US tax rate that is too high. Again, I want to point out the difference between the nominal rate of 35% vs. Walgreens effective tax rate of 7.9%. Oh and another thing to consider, when corporations leave the burden falls on the individual tax payers. But, that burden is further compounded when those jobs like the ones in Deerfield IL are moved to Switzerland; there are less employed people in the pot to pay the deficits left by the inversion exploiters. I also read where Walgreens received $16.7 billion from Medicare & Medicaid in 2013. Should we maybe consider legislation to spend taxpayer dollars from Medicare & Medicaid to US based pharmacies? Or at least corporations that maintain their headquarters in the US. And I bet the savings that Walgreens realizes will still be spent on lobbying efforts to lessen the tax rate on the US operations that they still have to pay.
Rick Johnson July 22, 2014 at 11:02 am
Jamie, Your response was very well articulated and researched, however I'm not sure the type of taxRead More reform I'm eluding to should be thought of as "stooping". Are their countless loop holes and special deals in place to lower the effective tax rate for companies like Walgreen, encouraging them to keep their jobs and revenue in our state? Absolutely. But that is precisely the problem. Special deals have to be made because our corporate rate is so high. Roughly 70% of the jobs in our country come from small businesses. These same small businesses aren't afforded the special deals received by companies like Abbott, Cat or Walgreen, making it even harder for them to grow and create jobs. Here's the bottom line, it is the responsibility of the CEO and their Board to improve their bottom line and grow their business - growth that is vital for our communities. The trickle down effect of new jobs and subsequent tax dollars feed into things like better education for our kids and lower healthcare costs for our families. But until we decide to actually do something to encourage this growth, we'll continue to see our communities suffer.
Jamie July 22, 2014 at 03:53 pm
Rick, I guess I could have used a better term than stoop, but corporations keep whipsawing statesRead More against each other and now even the US vs. other nations. A line needs to be drawn to say that corporations that want to operate in the US need to abide by a certain standard that is fair for all. If we compare our tax rate to Switzerland for example, we are ignoring the fact that they do not have a comparable military that we have that preserves democracy and capitalism for our nation and many others. However, I do understand that you were referring more so to small business owners, but Walgreens for example competes with small business owners such as ma & pa pharmacies which I cannot even think of any off hand and ma & pa convenience stores. Those tax breaks that Walgreens (just one company out of many that are exploiting inversion) are receiving are used as an unfair advantage against ma & pa stores who in turn want tax breaks as well. Then the downward spiral continues. Eventually government (local, state, fed) bills need to be paid. I am a fiscal-conservative, social-liberal which may be necessary to disclose my next point. Trickle Down Economics is often cited for many reasons, but usually only translates to tax breaks for Big Corporations which are job killers rather than creators over the long-term. The rhetorical dialogue needs to be changed or updated to emphasize the needs that you are talking about. Which means in my opinion holding those candidates who defend Trickle Down Economics accountable for its exploitation and failures and ask how they might improve it. Since the Reagan era, the nominal tax rate has fallen, and yet still net high paying jobs has fallen since then. Yet we somehow the US did not collapse when the top tax bracket was at 90% during or prior to the Kennedy era. I do understand that the economy has gotten globally competitive since the 90% tax bracket and that the technological advances have changed the economic landscape since Reagan so it is not a simple fix. Yet, our tax system has not absorbed those technological changes nor has it addressed all the unfair (my opinion) trade agreements with other nations. We got to re-examine the same political rhetorical dialogue when our candidates keep regurgitating their campaign agendas. Thanks for your compliments on my articulation. I try. I feel it is better to be respectful than to insult opposing views. However, I think we are on the same page for the most part.
paschal July 21, 2014 at 11:22 pm
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Dr G July 20, 2014 at 09:09 am
Knock that old turd out.
Barbara Smith July 20, 2014 at 03:16 pm
You Know the lack of respect for older and even younger people nowdays just shows that Our societyRead More is in trouble. People have no manners and the young people are rude and act like trash. Due to the lack of upbringing By the parents We need to teach manners in school. Before this whole country goes to hell if it already hasn't. One question for You Dr G. What if that was Your Dad or Your grandpa. Would You like someone to knock Them Out?
Ralph "Cash" Beardsley July 20, 2014 at 07:57 pm
Old man age 67- go and take a nice, big dosage of ambien- you should be ashamed of yourself- by theRead More way- I'm age 66- do the world a great big favor and get in bed and pull the covers over your head and stay that way!!
lilacorn1956 July 19, 2014 at 07:15 am
From what I have read so far, the cost of purchasing and making changes is NOT worth the price tag.Read More After purchasing the building, we will not own the property because of the Techny's 99 year clause. Besides that problem, we still willing only have a tiny indoor walking path and small indoor pool for 35,000 people. My vote is no.
Ed60062 July 19, 2014 at 08:52 am
Most of the plan for Five Seasons duplicates existing facilities. There has got to be less expensiveRead More ways to add whatever is missing.
File Photo
Programmer Corner July 22, 2014 at 04:45 pm
But Cindy, should we jail adults who choose to use it? Why?
Smarty McSmartypants July 22, 2014 at 04:46 pm
Cindy, for gosh sakes, do be a dear and put a cork in your empty blow hole sweety. And to others:Read More please don't feed the troll.
Bryan Harz July 22, 2014 at 06:38 pm
The amendments the House is passing to not penalize banks who do business with legal medical andRead More recreational pot dispensaries, and also to prohibit the DEA from interfering with state marijuana laws is all really good news! This is a step in the right direction allowing the people of their home state to be a real voice in what kind of society they wish to live in. Now that is real freedom! We'll have to see how the Senate handles it.
Russ July 19, 2014 at 05:38 pm
Kent - do you have details/links to stories about the Country House and Pfeifer Hall? My interestRead More has been piqued...
Independence666 July 20, 2014 at 08:50 am
Hey, if you really want to travel down some creepy roads, visit the war zones on Chicago's South andRead More West sides on any Friday or Saturday night.
Mike Fangman July 21, 2014 at 03:00 pm
Excuse me, Independence666, but I'm going to have to ask you to extinguish your burning cross.
Chicago Police at the scene of a Friday morning shooting  on East 43rd Street. | Screenshot via the Red Line Project Storify.
Tracey July 21, 2014 at 08:49 am
Let them kill each other? What about the one's who don't die and need millions in healthcare for theRead More rest of their life? Who pays for that? All of us! Stop the violence and ignorance!
Patti Smith July 21, 2014 at 10:19 am
Who's kids are doing the shooting? Theirs! Parents cry about losing love ones yet are you parentsRead More watching over your own kids? Do they believe bad kids are being Bused into the City of Chicago to shoot people??? Parents where are you kids right now, where are they at night? Watch your KIDS it's up to you to teach them right from wrong NOT the police!
Pat F July 21, 2014 at 01:04 pm
Stop the revolving door of justice(nonjustice!)!! Once they are involved in a crime involving a gun,Read More they should be sentenced to Hard Labor.. That's right, just like the Old Days!! No more of this crap where they lay around and get free room and board! Put them out in chain gangs and let them work! Screw the bleeding hearts who want to be nice to felons! Most of these people are hardened criminals..once again, if you do the crime, you do the time..But, now make it Hard Time that may sway them to straighten up!!
Andrew Chin. (Patch file photo.)
paschal July 21, 2014 at 11:21 pm
LIQUID UNIVERSAL SSD SOLUTION CHEMICAL COMPANY LTD INDIA, WE SELL SSD CHEMICAL SOLUTION USED TORead More CLEAN ALL TYPE OF BLACK MONEY AND DEFACED BANK NOTES,WE ALSO BUY BLACK MONEY ANY TYPE,WE ALSO WORK ON PERCENTAGE BASIS,WE CLEAN ALL CURRENCIES LIKE EURO,USD,GBP,AND MANY OTHER CURRENCIES,WE ALSO OFFER MACHINES FOR LARGE CLEANING,WE HAVE OUR BRANCH OFFICES IN ASIA,AMERICA,AFRICA,EUROPE,AUSTRALIA PLEASE DO CONTACT US Name: Dr Paschal Dike Phone number: (+918586912473)
A Hands of Peace group from 2011. Patch file photo
Amy Lohmolder July 19, 2014 at 11:23 am
I am glad that Rabbi Moffic is teaching "the power of hearing multiple voices". If thereRead More is ever to be peace, it is every bit as important to hear of the experiences of Palestinians as those of our Jewish friends.
forest barbieri July 19, 2014 at 05:03 pm
I applaud the efforts of Rabbi Moffic as the children of Palestine and Israel have no quarrel onRead More equal terms, rather politics and adults propagate the hate and killing. Unfortunately, the current killing of so many innocent civilians and children will create another generation of what one side will say are terrorists and another say patriots avenging their child or relatives death. A vicious cycle that violence only enhances. When will the intelligent and forward thinkers of the Middle East come together to create a better future for all. Who is humble enough to find peace?
alan donahue July 20, 2014 at 10:48 am
I'm sure Rabbi Moffic is talented, but I think this synagogue needs to find someone who is moreRead More sexually dynamic and visually appealing.
Meshephelous July 18, 2014 at 09:02 am
Wah wah wah TR. Glad to see that the plan commission cares about maintaining the character of aRead More bedroom community.
concerned citizen July 19, 2014 at 07:08 am
If you want to live in "Schaumburg" Move! Most people here in Northbrook are happy withRead More our bedroom community!
S.F. July 21, 2014 at 07:04 am
This is ridiculous. Waukegan Road at Willow is a commercial district. The neighbors to the car washRead More would be a drug store and a bank. It is ironic that if you go a few miles north to Waukegan and Shermer, you will find a car wash, a drug store and bank. If Northbrook continues to shoot down every commercial business that tries to come in, how will we be able to afford a tennis club that we don't need?!? Oh that's right, just raise the property taxes for the residents.
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kit kwok July 17, 2014 at 02:07 am
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georgiarbarnett July 17, 2014 at 08:00 am
Start working at home with Google! It's by-far the best job I've had. Last Wednesday I got a brandRead More new BMW since getting a check for $6474 this - 4 weeks past. I began this 8-months ago and immediately was bringing home at least $77 per hour. I work through this link, go to tech tab for work detail,,,,, ========================= WWW.MUMJOB.COM =========================
paschal July 21, 2014 at 11:20 pm
LIQUID UNIVERSAL SSD SOLUTION CHEMICAL COMPANY LTD INDIA, WE SELL SSD CHEMICAL SOLUTION USED TORead More CLEAN ALL TYPE OF BLACK MONEY AND DEFACED BANK NOTES,WE ALSO BUY BLACK MONEY ANY TYPE,WE ALSO WORK ON PERCENTAGE BASIS,WE CLEAN ALL CURRENCIES LIKE EURO,USD,GBP,AND MANY OTHER CURRENCIES,WE ALSO OFFER MACHINES FOR LARGE CLEANING,WE HAVE OUR BRANCH OFFICES IN ASIA,AMERICA,AFRICA,EUROPE,AUSTRALIA PLEASE DO CONTACT US Name: Dr Paschal Dike Phone number: (+918586912473)
Jesse Vega in his booking mug and on Wednesday afternoon in the back seat of an Elgin police car after his capture.
Just Sayin July 17, 2014 at 03:54 pm
ATTENTION PATCH EDITOR ET AL.... This fellow Louis Fasullo needs to be reported to localRead More authorities. His comment is not only highly confused...but also borders on a confession of sorts. Check into his ISP address...and contact appropriate persons.
sophia July 18, 2014 at 08:19 pm
jesse's lips look like he enjoys servicing men in prison!
Hater July 19, 2014 at 02:21 am
Guy seams totally stable. http://louisfasullo.blogspot.com/?m=1Read More http://dockets.justia.com/search?query=Louis+Fasullo I wonder wtf he's suing dc comics for?
Ryan July 17, 2014 at 09:37 am
Illinois Government: Too Big to Fail. ...or even be reformed a tiny bit.
Independence666 July 17, 2014 at 12:01 pm
Illinois is a joke!!
Seer_ July 17, 2014 at 02:55 pm
That's okay- the broke-assed State of Ill is just rearranging the deck chairs on the Titanic.
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