I understand that Illinois Govenor Pat Quinn has comic drawings of Mohammed the prophet and a roll of Quoran toilet paper. He lives in Springfield, Illinois.
@ofcccaddy2004 The tax hike was in HB 174. What you most likely don't know is that it included property tax relief for homeowners. Also, given that we pay only 3%, the 50% actually meant that our taxes wouild go up only by 1.5%, or 1.5 cents on every dollar. So actually, only 4.5 cents on every dollar would be paid to the state. Hardly a significant tax increase, but to prevent state layoffs, service cuts, and to provide property tax relief to homeowners, it may be well worth it.
@ajd1211 it has been proven that tax hikes do not solve deficit problems.. we need people to go out and spend, thats why taxes should be cut.. cutting taxes would actually bring in more revenue because more people would be spending.. but i understand your argument, i'd like to believe thats how it would work but im skeptical
@ofcccaddy2004 I agree with you about tax cuts bringing in more government revenue. I work in state government, and was one of those slated to lose my job if the layoffs went through. I would've been "bumped" out of my job if someone with my same title who was my senior decided to come to where I work.
@ofcccaddy2004 I think, and I've mentioned this to my state rep, that we should eliminate the state income tax, and raise the state sales tax to around 8.25% That would be a net tax cut for Illinois workers of around 1%, and would make everyone pay more when they make purchases. Increasing the tax base is the best way to raise government revenue. But as a short term fix, the income tax increase would help alot and provide tax relief to property owners.
I understand that Illinois Govenor Pat Quinn has comic drawings of Mohammed the prophet and a roll of Quoran toilet paper. He lives in Springfield, Illinois.
fthefarmer 10 months ago
plan to get illinois economy moving again? like the 50% hike in our income taxes? yea that should solve everything
ofcccaddy2004 1 year ago
@ofcccaddy2004 The tax hike was in HB 174. What you most likely don't know is that it included property tax relief for homeowners. Also, given that we pay only 3%, the 50% actually meant that our taxes wouild go up only by 1.5%, or 1.5 cents on every dollar. So actually, only 4.5 cents on every dollar would be paid to the state. Hardly a significant tax increase, but to prevent state layoffs, service cuts, and to provide property tax relief to homeowners, it may be well worth it.
ajd1211 1 year ago
@ajd1211 it has been proven that tax hikes do not solve deficit problems.. we need people to go out and spend, thats why taxes should be cut.. cutting taxes would actually bring in more revenue because more people would be spending.. but i understand your argument, i'd like to believe thats how it would work but im skeptical
ofcccaddy2004 1 year ago
@ofcccaddy2004 I agree with you about tax cuts bringing in more government revenue. I work in state government, and was one of those slated to lose my job if the layoffs went through. I would've been "bumped" out of my job if someone with my same title who was my senior decided to come to where I work.
ajd1211 1 year ago
@ofcccaddy2004 I think, and I've mentioned this to my state rep, that we should eliminate the state income tax, and raise the state sales tax to around 8.25% That would be a net tax cut for Illinois workers of around 1%, and would make everyone pay more when they make purchases. Increasing the tax base is the best way to raise government revenue. But as a short term fix, the income tax increase would help alot and provide tax relief to property owners.
ajd1211 1 year ago