Cairo, Illinois is both physically and culturally closer to Jackson, Mississippi than it is to Chicago. Why would anyone live in Cairo when 40 miles away in Tennessee, there is no state income tax at all?
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. That’s 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.
Cairo is a seven hour drive from Michigan Avenue. Why would the good people of Cairo and the surrounding area want to continue to pay increasing amounts to support Chicago corruption?
I am guessing this will not bode well for cities in Illinois outside of Chicago. Since about 70% if the population is in the greater Chicago area, maybe pols in Illinois just don’t care.