Re: Down the Drain Part : 55



On Wed, 12 Jan 2011 11:36:15 -0500, WaIIy <WaIIy@(nft).invalid> wrote:



PRINGFIELD, Ill. (CBS) ? By a single vote, Illinois lawmakers approved a
66 percent increase to the personal income tax, and soon, your paycheck
will be shrinking.

But as CBS 2 Chief Correspondent Jay Levine reports, state lawmakers say
the tax hike is necessary to get the state?s outstanding bills paid.
Lawmakers also say cuts and spending limits will be part of the plan.

Around 1 a.m. Wednesday, the Illinois State Senate approved the tax hike
by a vote of 30 to 29. The state House of Representatives approved the
tax hike on Tuesday evening, by a vote of 60 to 57.

Gov. Pat Quinn still must sign the bill into law, but he has supported
the tax hike all along. In fact, he was on the Senate floor when the
vote was taken.


The hike increases the state?s personal income tax rate from 3 percent
to 5 percent.

In real numbers, if your gross income is $50,000 a year, your state
income taxes will rise from $1,500 to $2,500 a year.

The hike will also boost business taxes by nearly 50 percent.

Note : Chicago sales tax 9.75%


And the futile attempts continue.

Only when they address the unionized city employees' wages, benefits,
perks, etc. will they get any resolution.

As more and more gets out about the *deals* made with unionized city
workers in exchange for support and votes, the rest of the folks
paying for the deals will tire of it.

Heck, there may even be some vitriol!
.



Relevant Pages

  • Re: Down the Drain Part : 55
    ... the tax hike is necessary to get the state s outstanding bills paid. ... by a vote of 60 to 57. ... The hike increases the state s personal income tax rate from 3 percent ...
    (misc.news.internet.discuss)
  • Re: Down the Drain Part : 55
    ... But as CBS 2 Chief Correspondent Jay Levine reports, state lawmakers say ... the tax hike is necessary to get the state s outstanding bills paid. ... The hike increases the state s personal income tax rate from 3 percent ...
    (misc.news.internet.discuss)
  • Re: OT: Weve reached 300 million, but how?
    ... Ed Jay wrote: ... neighbors to vote It's important, whatever the outcome, that it represents ... oil well tax for the purpose of funding R&D to seek new sources of energy. ... increase the money we give to political campaigners. ...
    (rec.arts.dance)
  • Michael Moore: 10 Things Obama Should Do
    ... Michael Moore: ... You have to take your massive 126-electoral vote margin and ... let ALL the tax cuts expire. ... AlterNet Comics: Tom Tomorrow on How David Petraeus Made Droney Sad  ...
    (rec.sport.pro-wrestling)
  • Re: You Dont Have To Pay Taxes in the U.S.
    ... Thousands of voters were denied the right to vote in these ... Rights tried to take Don Rumsfeld to court in Germany for war crimes. ... tax money to fund a corporate war. ... Pay your taxes to an organization ...
    (talk.origins)