Hypothetical conundrums can provide some valuable learning experiences for students of corporate management and ethics, so let’s study one. Suppose you’re a corporate chieftain who’s an adamant acolyte of Ayn Randian, free-enterprise fundamentalism, despising government regulation, compulsory taxation and government intervention in the purity of the holy marketplace. But – whoopsie daisy – suddenly a […]
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What is Madigan planning for the income tax?
House Speaker Michael Madigan hoto BY PATRICK YEAGLE UPDATE: On Thursday afternoon, Madigan announced a plan to tax personal income over $1 million at an extra 3 percent, bringing the effective rate for people earning more than $1 million to 8 percent. Individuals with income under $1 million would continue to pay the current […]
