US President Barack Obama pauses while speaking during a campaign event at Ohio University October 17, 2012 in Athens, Ohio. Obama is traveling to Iowa and Ohio to attend campaign rallies in the two swing states. AFP PHOTO/Brendan SMIALOWSKIBRENDAN SMIALOWSKI/AFP/Getty Images
Updated: November 20, 2012 10:59AM
The proposed additional tax on guns and bullets symbolizes the problems of Cook County. I was a resident of the county for 57 years, but after being taxed at inflated rates both personally and on my business, I finally moved to Northwest Indiana — where my taxes dropped nearly 50 percent. Do you honestly think the people who are committing violent crimes are going to stop because it will cost an extra 50 cents for a bullet or another $5 for a gun? No, they will make their purchases elsewhere, denying Cook County of more revenue. Or, they will buy guns illegally. At best, this is a PR tax that accomplishes not at thing.
Edward W. Bernas, Crown Point
Obama plan would cripple small business
We own a small family business that fits the profile of President Barack Obama’s richest Americans. We purchased a grocery store in rural Illinois seven years ago and doubled its size three years ago. My family, store team and I built the business in spite of our government, particularly in Illinois. We saved a declining business and created jobs. But minimum wage and tax changes (a 60 percent state tax increase) imposed by the state have cost our business about $125,000 a year over that period. Obama’s proposed tax changes would cost us another $60,000 a year.
The math works like this: We paid off our original debt, than did a $3 million expansion. Our principal debt payment is paid from after-tax income. But the current administration measures the “richest Americans” on pre-tax profit, which is before principle debt payments. So while our pre-tax profit makes us “rich” by our president’s definition, truthfully we are nowhere close.
Now add another $80,000 in expenses for ObamaCare, and what was once a thriving business can just make its payments,
It is accurate to say that state and federal policies have impacted my business’ profits by 40 percent. I always knew I would have competitive risks; it is part of being in business. But I did not think the state and federal tax systems would be that competitor, taking more than half the profit I projected when I purchased the business.
They just don’t get what they are doing to America.
Eugene Marsh, Mahomet