Illinois treasurer says ‘fair tax’ makes retirement tax more likely

By Ben Szalinski, Adam Schuster

06/24/2020

Illinois Treasurer Michael Frerichs said a progressive state income tax will open the door to taxing retirement income.

TAGS: pensions, progressive income tax, retirement tax

‘Fair tax’ paves the way to taxing retirement income in Illinois

By Adam Schuster

04/15/2020

By granting broad new taxing authority to Springfield, the progressive income tax amendment makes a retirement income tax much more likely – a fact some supporters have acknowledged publicly.

TAGS: fair tax, outmigration, progressive income tax, retirement tax

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