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Politics : Fake News
NYT 71.01+0.5%Dec 24 12:59 PM EST
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To: StockDung who wrote (7530)8/29/2018 12:17:44 PM
From: StockDung1 Recommendation

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FJB

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Gillum Wants 40% Corporate Tax Rate Hike

Posted by ATR on Wednesday, August 29th, 2018, 12:33 AM PERMALINK

--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.

Gillum’s tax hike to 7.75% will give Florida the highest corporate tax rate in the region -- higher than Georgia, South Carolina, North Carolina, Tennessee, Alabama, and Mississippi.

The state corporate rates are as follows:

North Carolina 3.0%

South Carolina 5.0%

Mississippi 5.0%

Georgia 6.0%

Tennessee 6.5%

Alabama 6.5%

GILLUM TAX HIKE 7.75%

The Republican nominee for governor, Ron DeSantis, has made a firm written commitment to Floridians that he will oppose and veto any tax hike.

Game on.
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