Illinois Income Tax... You have been hosed ~!~

[haikuman]

Illinois Tax

[cbelt3]

Nice Lame Duckery.

[mattkime]

Hosed?

Waiting for the painless method of balancing budgets?

[Acer]

U.S. Congress Republicans can balance the budget and cut taxes at the same time. What's Illinois' problem?

[JPK]

Hear that sucking sound? That is the sound of the businesses that were dumb enough to be in illinois in the first place - finally moving out.

Things here are pretty much unfixable from both sides of the aisle. When you have more people that take from the system than give to the system, pretty soon the account dries up. This is where we are in Illinois. Yes it is a hard thing and there is no painless way of doing it, but by raising the taxes on those who pay only fixes the symptom, not the problem.

Easy for the politicians to vote for a huge tax increase on personal and corporate taxes when a huge chunk of their constituents don't pay taxes and are on the receiving end of government handouts.

We need more jobs so more people can pay reasonable taxes.

Everything has moved out of Illinois to Mexico, China, Hungary, Indonesia, India, Korea, Indiana, Alabama, South Carolina. I know there were a lot of manufacturing companies with the remaining jobs waiting to see what happens. Get ready to see even more jobs pull out of Illinois!

The only business left is Currency Exchanges that cash welfare checks and grocery stores that accept Illinois Link cards (food stamps).


And yes, this decision was made by a lame duck of the last day in session. Politicians are scumbags.

Very frustrating.

JPK

[The UnDoug]

So what is the practical implication of this?

Do they take out more each paycheck?

Do you pay more at tax time (April 15)?

I grew up in Illinois, but live in Philly now. But my folks and other relatives are still there.

[Mac1337]

JPK wrote:


We need more jobs so more people can pay reasonable taxes.

Wrong! It has been recently demonstrated that for every dollar spent on unemployment $1.65 is created in the economy. Solutions is looking you in the face. Keep sending out unemployment checks and get 65% return. No need to raise anything.

[Black]

I'm OK with it.

[OWC Jamie]

I am, too.