Does Chicago have a city income tax? Just curious.
This is something I think about every day here in DeKalb County, Ga. Put in your 30 years, retire at 50-ish with 100%, 125%, 150% of your salary.. Estate Royale!!
Detroitification.
Liberals screw up everything they touch.
A sales tax hike would be so much better. Everyone would pay then. I am tired of property owners paying for everything!
From the article:
The expansion of existing taxes announced June 30 also will help. Residents who stream movies and music on services like Netflix and Spotify will have to pay the 9 percent amusement tax, for example, while real estate agents who use online listings will have to pay the lease transaction tax, also 9 percent.
Well,isn’t that just dandy? The property owner,who is probably already overtaxed & perhaps has no pension of his own,gets to kick in more for teachers who will get out with a nice pension. Good enough reason not to live there.
Chicago? Who gives a damn. Now if you really want to see a corrupt bankrupt expanded to State size, try California and New York. Pensions have kill both States.
According to the chart in the story Chicago’s property tax rate was 3% in 1980 and gradually declined to under 1% in 2009. The current rate is about 1.2%.
It seems to me the folks in Chicago have been reducing their taxes and increasing the salary and benefits for city employees for the past 30 years.
Only a Democrat run cesspool would come up with such a screwball idea.
Just maybe if the voters in Chicago reduced employee salary and benefits and paid more they could balance the budget.
But no, the voters want someone else to pay for the services they receive. Namely, other taxpayers in the USA or the holders of the bonds issued by the city.
Also, a 1.2% property tax rate is on the low side of property tax rates in major cities in the USA.
‘The People’s Republik of Madistan’ has raised property taxes by $100 a pop for two years in a row. Nary a peep from the dumb sheeple.
I guess they fail to realize that apartment owners and local Slum Lords are paying even MORE - which results in raised monthly rent due from the poor Dem voters...those the Socialists are, ‘fighting for’ on a daily basis!
Socialists. SO much SMARTER than the rest of us!
*ROLLEYES*
Big freakin’ deal. So, a $250k Chicago house is currently only paying $750 dollars in property taxes. That’s a bargain. I’m paying $5500 (no city taxes) on a 1600 sq ft 3/2 60 year old house on a small lot that anywhere else in the country would be assessed at no more than $100k.
Unless like Rahm your home is a tax sheltered religious nonprofit HQ ...
The whole situation is a Dead man walking.