Illinois house approves 2% income tax hike from 3% to 5% (the amount you paid last year will increase by about 67% assuming everything else is the same)

Goofy-long URL to Greg Hinz blog

 

Editorial comment:

I'm OK with it.

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Permalink Reply by Far'arned Retrogrumpalunkus #63 on January 11, 2011 at 4:30pm
Next year they'll raise it again.
Permalink Reply by Adam "Cezar" Jenkins on January 11, 2011 at 7:17pm
What ever happened to taxing the rich?
Permalink Reply by Far'arned Retrogrumpalunkus #63 on January 12, 2011 at 1:20am

Who is this "we?"  Got a mouse in your pocket?

 

I, for one, never asked for any "goodies."  I don't want stolen money taken at gunpoint from those who'd rather keep it themselves.

 

I'd like to have a bunch of nice bikes, but I don't want guys with special hats and badges to go and take money from a bunch of people so "we" can all buy it for me.

 

Jeff Schneider said:

Not so many good choices, at this point, unfortunately.  For many years we wanted the goodies but didn't want to pay.  Now we get to pay...
Permalink Reply by Stickfiguredanny on January 12, 2011 at 1:42am
I am OK with as long as everyone is paying.
Permalink Reply by Doug Haynes on January 12, 2011 at 2:09am

I'm not OK with it.

 

I am even less OK with the tax increase on businesses.

 

The changes need to be in what we spend, not on what we tax.

Permalink Reply by Vilda on January 12, 2011 at 3:13am
What Doug Said! ;-)
Permalink Reply by Davo on January 12, 2011 at 5:18am
I think that for too long the state has been writing checks that it can't cash. IMO there is too many people who are or will collect pensions. I have heard that most "public officials" will collect some sort of pension in addition to their own personal funds that they have invested. Now I have to pay extra for people who took a deal that they knew was too good to be true. I wish more attention would be put on how to cut spending rather then how to "generate" revenues. I would be more positive on tax increases if I believed that they would be spent wisely.
Permalink Reply by Doug Haynes on January 12, 2011 at 6:39am

The bold is the part that gets me; I would not have as much of an issue if the money was being used wisely.

 

I also have issue because the increase in business taxes is, in the long run, actually going to decrease the states income because new industry is not going to come Illinois to employ people and the business that are currently located here are going to move out of the state if they get the chance. 

 

If Illinois wants more money and wants me to be happy about it they need to seriously get their spending in check and work to create a business envoirnment that will draw employers to the state, not drive them away.
Davo said:

I think that for too long the state has been writing checks that it can't cash. IMO there is too many people who are or will collect pensions. I have heard that most "public officials" will collect some sort of pension in addition to their own personal funds that they have invested. Now I have to pay extra for people who took a deal that they knew was too good to be true. I wish more attention would be put on how to cut spending rather then how to "generate" revenues. I would be more positive on tax increases if I believed that they would be spent wisely.
Permalink Reply by Julie Aberman (Hochstadter) on January 12, 2011 at 6:48am
Yeah, I heard the Wisconsin governor  is super psyched about this.

notoriousDUG said:

The bold is the part that gets me; I would not have as much of an issue if the money was being used wisely.

 

I also have issue because the increase in business taxes is, in the long run, actually going to decrease the states income because new industry is not going to come Illinois to employ people and the business that are currently located here are going to move out of the state if they get the chance. 

 

If Illinois wants more money and wants me to be happy about it they need to seriously get their spending in check and work to create a business envoirnment that will draw employers to the state, not drive them away.
Davo said:

I think that for too long the state has been writing checks that it can't cash. IMO there is too many people who are or will collect pensions. I have heard that most "public officials" will collect some sort of pension in addition to their own personal funds that they have invested. Now I have to pay extra for people who took a deal that they knew was too good to be true. I wish more attention would be put on how to cut spending rather then how to "generate" revenues. I would be more positive on tax increases if I believed that they would be spent wisely.
Permalink Reply by Tank-Ridin' Ryan on January 12, 2011 at 7:34am
And Wisconsin can use it to do something kinda douchy.

notoriousDUG said:

The bold is the part that gets me; I would not have as much of an issue if the money was being used wisely.

 

I also have issue because the increase in business taxes is, in the long run, actually going to decrease the states income because new industry is not going to come Illinois to employ people and the business that are currently located here are going to move out of the state if they get the chance. 

 

If Illinois wants more money and wants me to be happy about it they need to seriously get their spending in check and work to create a business envoirnment that will draw employers to the state, not drive them away.
Davo said:

I think that for too long the state has been writing checks that it can't cash. IMO there is too many people who are or will collect pensions. I have heard that most "public officials" will collect some sort of pension in addition to their own personal funds that they have invested. Now I have to pay extra for people who took a deal that they knew was too good to be true. I wish more attention would be put on how to cut spending rather then how to "generate" revenues. I would be more positive on tax increases if I believed that they would be spent wisely.
Permalink Reply by Pablo on January 12, 2011 at 7:44am

Anybody ride in from Whiting or another NW Indiana town? 

South Shore Line and then bike? 

Anyone have experience living in a neighborhood across the border and would like to share? 

Permalink Reply by Duppie on January 12, 2011 at 7:47am

I am failing to see what this tax increase does to control spending? I work for a public company and have not had a pay increase in 3 years. While I don't like that fact, I can understand, since we haven't tunred a profit in nearly 3 years either.

Yet government workers continue to get their automatic pay increases, and their double dipping pension, etc. Yet, the state of Illinois hasn't turned a profit in how long? Somehow that leaves a bad taste in my mouth.

 

H3N3, I am interested to hear more about why you (and maybe others) are OK with the tax increase.


notoriousDUG said:

The bold is the part that gets me; I would not have as much of an issue if the money was being used wisely.

 

I also have issue because the increase in business taxes is, in the long run, actually going to decrease the states income because new industry is not going to come Illinois to employ people and the business that are currently located here are going to move out of the state if they get the chance. 

 

If Illinois wants more money and wants me to be happy about it they need to seriously get their spending in check and work to create a business envoirnment that will draw employers to the state, not drive them away.
Davo said:

I think that for too long the state has been writing checks that it can't cash. IMO there is too many people who are or will collect pensions. I have heard that most "public officials" will collect some sort of pension in addition to their own personal funds that they have invested. Now I have to pay extra for people who took a deal that they knew was too good to be true. I wish more attention would be put on how to cut spending rather then how to "generate" revenues. I would be more positive on tax increases if I believed that they would be spent wisely.

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