Revere
Rookie
- Banned
- #1
Yep, the same services at a higher price. Your kids will still get their heads caved in if you can't escape inner city public schools.
And it's "temporary." Ha ha. Ho ho.
Illinois Lawmakers Propose 75 Percent Income Tax Hike CBS Chicago – Breaking News, Sports, Weather, Traffic, and the Best of Chicago
And it's "temporary." Ha ha. Ho ho.
Illinois Lawmakers Propose 75 Percent Income Tax Hike CBS Chicago – Breaking News, Sports, Weather, Traffic, and the Best of Chicago
SPRINGFIELD, Ill. (CBS) Gov. Pat Quinn and the leaders of both houses of the Illinois General Assembly have agreed on raising the state income tax.
If the bill passes, the plan would raise the personal income tax rate from the current 3 percent to 5.25 percent. Thats a 75 percent increase. In real dollars, that would mean if you currently owe $1,000 in taxes, next year you would owe $1,750.
LISTEN: Newsradio 780′s Dave Dahl Reports.
The increase is for four years. After that, the personal income tax would go down to 3.75 percent.
The Democratic leaders in the Illinois General Assembly believe this income tax increase, a corporate tax hike, and a $1-per-pack tax increase on cigarettes would erase the states $15 billion budget deficit.