Posted on 07/17/2015 8:53:47 AM PDT by george76
City officials are pushing property-tax hikes, sales-tax hikes, and even a commuter tax and financial-transaction tax.
Cook County Board President Toni Preckwinkle’s wish for a $474 million sales-tax increase to help pay for the county’s growing pension debt has been granted.
The hike pushes the sales-tax rate back up to 10.25 percent in Chicago – the same as it was when Preckwinkle took office in 2010.
And that’s not the only new tax residents have to face. Preckwinkle is just the latest local leader to usher in a tax increase.
Chicago Mayor Rahm Emanuel created a new tax earlier this month that taxes Internet cloud services such as Netflix. The mayor has also warned that increased property taxes are on the way to bail out both the city and the Chicago Public Schools.
Chicago Teachers’ Union leader Karen Lewis wants a commuter tax and a financial transaction tax to keep funding the city’s inefficiencies.
Here’s the catch: Taxpayers with the means and flexibility to leave Cook County can avoid the ever-growing tax burden by simply picking up and moving, which is what many have done for 20 years.
According to Internal Revenue Service data, from 1992 to 2011 Cook County suffered a net loss of 370,000 taxpayers to its collar counties and Lake County, Indiana. Those taxpayers took over $18.3 billion in taxable income with them when they left, creating an ever-growing hole in Cook County and Chicago’s budgets.
(Excerpt) Read more at illinoispolicy.org ...
Causing the tax burden to grow even faster.
I guess Captain Obvious must have gotten a research position at a think tank....
Glad I’m getting out.
Insurance companies, being private entities, recognize the “death spiral” when it starts.
Governments have no such sense of pending doom - they can just borrow more money.
Really? Or have lenders wised up after Detroit and Puerto Rico?
Wish we could build a wall and make them stay. They need to stew in the sewer they created, and not affect healthier climes with their emmigration.
As long as you work in the area, they will get the taxes out of you.
If you move, and commute, they will tax your earnings.
Incidentally, I thought that “gay marriage” was supposed to be the financial boon to any jurisdiction where it is imposed, adding “millions” to the coffers. Another lie by the faggots?
After they get settled in their new locations, they’ll register to vote and then vote for the same kind of people that screwed them in the first place.
Chicago can start mailing out traffic/parking tickets randomly, all over the state, as they have done before. Many will and have, mindlessly paid them.
I got my Chicago parking ticket back in the 70s, at a time when I’d never been in Chicago in my life. At the time, lots of people here in central Illinois were getting them.
Lefties from urban areas are spreading their disease like a blood sucking parasite that kills one host to then look for another host to attack.
All part of the plan to bring the ghetto to suburbia.
Oh gee, you mean people and businesses might actually relocate over local tax burdens??
Wait til all the naysayers on various forums around the country hear THIS!
LOL...
The lefties want to and are building government housing for lazy fools, welfare cheats, crack heads , full of bed bugs and pimps .. financed by the taxpayers.
Lefties from urban areas are spreading their disease like a blood sucking parasite that kills one host to then look for another host to attack.
Exactly!
Perfectly said. Much better than how I put it.
Please see my tag line.
A lot of them are showing up in west Michigan where they immediately vote for leftists and for any tax increase put on local ballots.
Chicago is the AIDS while their fleeing people are the HIV.
Eventually it’s going to flip, the well-to-do will live in the cities and the hoodrats will live in the ‘burbs.
Speaking of blood sucking parasites, do you know what Ward Churchill is up to these days besides sucking off teat of the system that he hates?
No wonder Apple and others move manufacturing over seas to evade high government regulation and tax rates.
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