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