What do you think of the 66% increase in income tax that was just passed?
Asked by Anonymous at 7:47 AM on Jan. 12, 2011 in Politics & Current Events
Answer by Jademom07 at 8:07 AM on Jan. 12, 2011
Illinoisan here, Actually Quinn didn't hide the fact he wanted to raise the state income tax, but they have doubled the amount that he talked about (I didn't vote for him). The tax increase is not quite a done deal yet, but I don't see it failing, sadly. Yet our state declined to raise the cigg tax, go figure, just politics as usual, nail all of us, protect a few. In our household this mean the money has to come from somewhere, so higher taxes mean less disposable income, means less purchase power, means slower economic growth.
http://www.chicagotribune.com/news/local/chi-quinn-tax-hike-13mar13,0,7352846.story (from 2009)
(Whoops sorry they did pass it this morning) http://www.npr.org/templates/story/story.php?storyId=132825447
Answer by emptynstr at 11:35 AM on Jan. 12, 2011
Answer by lovinangels at 8:29 AM on Jan. 12, 2011
Answer by Anonymous at 9:44 AM on Jan. 12, 2011
Answer by itsmesteph11 at 10:43 AM on Jan. 12, 2011
Answer by Anonymous at 11:53 AM on Jan. 12, 2011