75% tax increase in Illinois?

Beautiful Downtown Cairo Illinois

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.

More here.

Bookmark the permalink.

4 Responses to 75% tax increase in Illinois?

  1. vanagram says:

    …and they’re tacking on $1.00 per pack cigarette tax to boot.

  2. notamobster says:

    I’d have moved a long time ago, but that’s just me…

    My friend TommyZ (who cue’s me into a good bit of content) moved from Shitcago after spending 60 years of his life there (minus a couple in the democratic peeople’s republic of Vietnam). His town was over-run by welfare rats and violent crime, but his bar/liquor stores were never robbed (he kept a target with .44 holes in it on the door). I digress…

    He rails against Shitcago corruption day-in and day-out. How did he, as an entrepreneur and productive citizen, solve his problem with oppressive taxation and rampant corruption? He moved a few minutes away, to Laporte, Indiana.

  3. aceofwands says:

    The last cigarette tax cost Illinois $176 million in lost revenue…from $760 to $584

    The smoking ban of 2008 is costing the state even more…gambling revenue is down by $400 million…retaurants in some areas are down as much as 50% with an average running 25% to 30% down.

    Bars in some areas have shut their doors or have been forced to raise prices to $8.00 or $9.00 per drink…not a good draw for even non-smokers.

    YUP!…the Liberals and Dem’s got their way…and now they are broke.
    http://www.pantagraph.com/news/local/government-a
    http://www.kmov.com/news/local/Legislators-consid
    http://www.stlouisfed.org/publications/re/article

    Just as before…they will lose more than they gain.

  4. slaphappypap says:

    Welcome to my world ladies and gentlemen.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Current day month ye@r *