Illinois would have lost an additional 10,577 seniors from 2012 to 2018 if outmigration were as severe as in Connecticut, the last state to enact a progressive income tax.
A credit rating agency found Gov. J.B. Pritzker’s ‘fair tax’ would fail to close the state’s deficit or adequately fund essential services.
Combined state and federal income taxes would have small businesses pay more than 50% of their top-end income in taxes.
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Madigan already faced similar scandals alleging he asked powerful corporations to hire people at his recommendation.
Taxing retirement income is not a new idea to Illinois politicians, but denying they want to tax seniors is new since that part of the “fair tax” plan slipped out.
“The real damage is going to be farther down the road. How could there not be further tax hikes down the road, when you look at how deep the state is in the hole already?”
The county clerk said it was a mistake, and that safeguards are in place to ensure ballots are handled properly and counted, regardless of party affiliation.
Evidence from Connecticut suggests the progressive income tax could cost Illinois homeowners substantial equity in their homes.
The lawsuit challenges the language that will appear on the Nov. 3 ballot asking whether voters want to scrap Illinois’ constitutional flat tax guarantee – opening the door to a retirement tax.
Other states warned residents about small spaces inside haunted houses creating a risk for spreading COVID-19, but Illinois is all alone in outlawing them.
The Michigan Supreme Court concluded that Gov. Gretchen Whitmer could not legally extend her emergency executive orders without the approval of the legislature, while declaring another source of her authority unconstitutional altogether.
Within 20 years the portion of Illinoisans hit with the progressive tax hike would grow by over 150% if the rate of inflation mirrored the past two decades.
Illinois allows you to register and vote on Election Day, which this year gives you a voice on your income taxes.