Laura Valdez
Laura Valdez
"With the high overall cost of living, I have a lot more going out than coming in. This is why I must keep working at age 68."
Retiree tax, double tax, city tax all likely with Pritzker’s ‘fair tax’
Retiree tax, double tax, city tax all likely with Pritzker’s ‘fair tax’
Illinois politicians are already talking about taxing retirees, adding “surcharges” and city income taxes if they can convince voters to abandon the Illinois Constitution’s flat tax protection and give lawmakers greater taxing power.
Joanne Rusch
Joanne Rusch
“At first glance, [a progressive income tax] seems like maybe it wouldn’t be bad, until you read more. Every state that is adopting this kind of structure is taxing retirement income. That’s a killer for me."
Pritzker ‘fair tax’ would allow for double, triple taxation on same $1 earned
Pritzker ‘fair tax’ would allow for double, triple taxation on same $1 earned
The progressive tax amendment on the ballot Nov. 3 removes the constitutional prohibition on multiple taxation, in addition to removing the flat tax protection.
Pritzker spends $56.5M to push tax that would hit 100,000 small businesses
Pritzker spends $56.5M to push tax that would hit 100,000 small businesses
Pritzker has been pushing hard for a progressive income tax amendment as a way to generate $3.7 billion for state spending.
Pritzker signs tax law deeming some of Chicago’s most valuable property ‘blighted’
Pritzker signs tax law deeming some of Chicago’s most valuable property ‘blighted’
Chicago leaders have been unable to finish developing valuable land after 23 years and $331 million in taxes, but convinced state leaders more time and money were needed.
Illinois passed a record-breaking income tax hike 3 years ago. Here’s where the money went.
Illinois passed a record-breaking income tax hike 3 years ago. Here’s where the money went.
Income taxes rose 32% for individuals and 33% for corporations in 2017, raising Illinois’ total tax burden to at least sixth highest from 10th highest. More than $1.2 billion went to pensions and debt.
Pritzker signs bill lowering taxes on a Chicago casino
Pritzker signs bill lowering taxes on a Chicago casino
Gov. J.B. Pritzker and Illinois lawmakers agree that when taxes are too high, not even a casino in the heart of Chicago can make money.
If Illinois passes progressive income tax, retirement tax comes next
If Illinois passes progressive income tax, retirement tax comes next
Passing the progressive tax would empower state lawmakers to go after seniors’ retirement income.
Every state with a progressive tax also taxes retirement income
Every state with a progressive tax also taxes retirement income
Illinois could be the next state to tax retirement income if voters approve the progressive income tax in November.
Pritzker fact check: Do most other states really have a ‘fair tax’?
Pritzker fact check: Do most other states really have a ‘fair tax’?
In more than half of progressive tax states, the middle class pays the maximum state income tax rate.
Blame Illinois exodus on jobs, housing, tax policy
Blame Illinois exodus on jobs, housing, tax policy
Census data shows who is fleeing Illinoisans and why. Here’s why you should care.
Automatic state worker pay hikes, gas tax hike coming to Illinois July 1
Automatic state worker pay hikes, gas tax hike coming to Illinois July 1
How fair is it that some of the highest-paid state employees in the nation are getting a raise that must be funded by an economically wounded bunch of taxpayers?
Joliet considering citywide salary cuts to ease budget strains
Joliet considering citywide salary cuts to ease budget strains
The city has suffered significant revenue losses as a result of COVID-19 restrictions. Pensions will further damage city services even as the pandemic fades.