Fair Tax will help small businesses: Southern
Small businesses will benefit from the fair tax, entrepreneur David Borris writes in the Southern Illinoisan:
“By only raising taxes on the wealthiest 3% of Illinoisans, the Fair Tax will ensure that 97% of residents see no income tax increase while generating approximately $3.4 billion in additional revenue for our state.
“While only those making more than $250,000 a year will see their taxes increase, middle and lower-income families who have shouldered the burden of our current tax system will get much-needed relief.
“Full disclosure: There are years where I do not make over $250,000, but over the 35 years I’ve been a business owner, there are more years where I have. Paying more in taxes when you’re making more than $250,000 a year is a small price to pay when you consider the positive impact that $3.4 billion in additional revenue can have on helping the middle-class customers who frequent my business, and businesses like mine, all over the state.
“The additional revenue the Fair Tax will generate can go a long way toward making our state a better place for everyone to live and start a business.
“When you’re considering opening a small business, there are a number of considerations to take into account, not the least of which is where the right location to do so is.
“Business owners of all stripes want to start their endeavors in a stable economic environment, and for years, Illinois has been defined by uncertainty and volatility, including budget stalemates and billions of dollars in debt. The money from the Fair Tax will begin to dig our state out of its financial crisis and build a solid foundation for fiscal sustainability in Illinois.”
Click through for the full article, with much more on why the Fair Tax is right for small business. Or visit our FAQ page for the basics on why every Illinoisan should Vote Yes for Fair Tax in November.