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Illinois Income Tax May Jump 50 Percent
CBS 2 - Chicago ^ | 3/13/09 | Joanie Lum

Posted on 03/13/2009 5:22:01 AM PDT by AT7Saluki

Income taxes in Illinois could soon be going up by as much as 50 percent to combat deficits in a difficult state budget.

As CBS 2's Joanie Lum reports, Gov. Pat Quinn is reportedly considering raising taxes to deal with a growing budget deficit.

Quinn has been hinting about the problems in the state budget this year for some time. He gives his first address on the subject next Wednesday, and there is word that income taxes will go up as 50 percent.

The Chicago Tribune reports that Quinn wants to raise the state income tax to 4.5 percent from 3 percent.

***

State lawmakers are also talking about raising gasoline taxes to pay for road and bridge construction. Fees on driver's licenses and license plate stickers may also go up.

(Excerpt) Read more at cbs2chicago.com ...


TOPICS: Government; News/Current Events; US: Illinois
KEYWORDS: illinois; quinn; tax
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To: F15Eagle

Change you can believe in!


21 posted on 03/13/2009 5:42:16 AM PDT by Plumres
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To: 1rudeboy
Meanwhile, the former Cook County Republican chairman gets caught in his kid’s room with two hookers. By his wife. Who beats him with an electric guitar. Did you hear about it?

Do tell.

Sounds like the beginning to the next American Pie movie.

22 posted on 03/13/2009 5:43:09 AM PDT by exit82 (The Obama Cabinet: There was more brainpower on Gilligan's Island.)
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To: AT7Saluki

How much is the sales tax in Illinois these days? When I left there 30 years ago the sales tax was 5%. You all are fast approaching California’s punitive taxation level. Our sales tax has just been raised to 9.25%. Our license fees have just doubled. Nobody yet is talking about the size of increase in our state income tax but I bet it’s a doozy!


23 posted on 03/13/2009 5:44:15 AM PDT by originalbuckeye
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To: Oldexpat

Currently IL does not tax retirement earnings and 401k distributions. I wonder if that will change?............

Not sure, but between personal and corporate, real estate
and the rest...Illinois is killing my bottom line. If they can tax it they will.


24 posted on 03/13/2009 5:44:51 AM PDT by Snappy1MarineMom (Don't Blame me I voted for Keyes.)
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To: originalbuckeye

It’s 10.25% in the city of Chicago.


25 posted on 03/13/2009 5:45:56 AM PDT by Snappy1MarineMom (Don't Blame me I voted for Keyes.)
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To: exit82
Police report: Skoien with two prostitutes.
26 posted on 03/13/2009 5:46:47 AM PDT by 1rudeboy
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To: 1rudeboy

Yikes! Amazing factoid in the article—the GOP has not gotten one Republican elected to countywide office in 17 years!


27 posted on 03/13/2009 5:56:52 AM PDT by exit82 (The Obama Cabinet: There was more brainpower on Gilligan's Island.)
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To: AT7Saluki

My (very) liberal sister was visiting from Chicago (she’s the only enlightened urbanite among us) and I asked her what the parking sticker was for (you know, the kind that college campuses use). For a fee, you could buy a sticker from the city that allowed you to park your car on the street. “Why?” I asked.

sister: “Because the city paid to pave the street and you are using it.”

me: “But aren’t gasoline taxes used for that?”

sister: “Well, yeah, but they have to remove snow, too.”

me: “So you don’t have any problem with paying the city for the privilege of parking on streets that you already paid for paving and clearing of snow?”

sister: “No.”

me: “Okay.”

Expect city income taxes to go up shortly, too. Between Fed, State, and local taxes all taxing the “rich,” small business is going to get killed. The ultimate irony is that both my (very) liberal sister and her husband work for small businesses and their jobs are in the crosshairs. Of course it will be Bush’s fault.

hh


28 posted on 03/13/2009 5:58:21 AM PDT by hoosier hick (Gotta go, millions of Obama supporters are counting on me to pay their mortgages)
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To: laconic

You are absolutely right. TEN percent!

We drive to Lake county routinely to buy ANYTHING.

Absolute craven idiots!


29 posted on 03/13/2009 6:00:06 AM PDT by battletank
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To: AT7Saluki

I guess that is their reward for giving us zero.


30 posted on 03/13/2009 6:00:06 AM PDT by Piquaboy
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To: 1rudeboy
Meanwhile, the former Cook County Republican chairman gets caught in his kid’s room with two hookers. By his wife. Who beats him with an electric guitar. Did you hear about it?

No.
What brand was the guitar?

If it was a Fender© she should get life.
;-)

31 posted on 03/13/2009 6:00:31 AM PDT by Condor51 (The difference between stupidity and genius is that genius has its limits)
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To: exit82

That’s because the chairman’s busy playing Guitar Hero. LOL


32 posted on 03/13/2009 6:02:18 AM PDT by 1rudeboy
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To: AT7Saluki

Hey Gov. Quinn...Michigan increased our income tax rate from 3.9% to 4.35%.

Hey, if you want to beat our 11.6% unemployment rate too, go for it!


33 posted on 03/13/2009 6:03:29 AM PDT by Kieri (The Conservatrarian)
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Comment #34 Removed by Moderator

To: Condor51
I gave my love a cherry....


35 posted on 03/13/2009 6:10:36 AM PDT by jaydubya2
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To: AT7Saluki

Democrat run, Democrat ruined.

Illinois, Taxifornia, Michigan...need I go on?


36 posted on 03/13/2009 6:14:41 AM PDT by Boucheau
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To: hoosier hick
*** My (very) liberal sister was visiting from Chicago (she’s the only enlightened urbanite among us) and I asked her what the parking sticker was for (you know, the kind that college campuses use). For a fee, you could buy a sticker from the city that allowed you to park your car on the street. “Why?” I asked.***

Actually that's not a 'parking sticker'. That's a City of Chicago 'vehicle registration license' (Tax). Its like a state license plate(s). And its been required in Chi, 'forever'. You own a car, you get a City Sticker, or get ticketed when a Cop runs your plate and see you live in Chi.

And its not only Chi that requires one. Most towns and villages in IL require them (vehicle registration tax). My *little* Village used to also - $12.00 per car. BUT, we are/became fiscally sound and haven't needed one in well over a decade as the village no longer needs the money (We can still get a Commemorative Village Sticker for $1.00 if we like, but don't - nobody does that I know of).

37 posted on 03/13/2009 6:18:01 AM PDT by Condor51 (The difference between stupidity and genius is that genius has its limits)
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To: caver

Yes, indeed. My only fear is that the idiots will move out of state and bring their Marxist voting patterns with them.


38 posted on 03/13/2009 6:19:57 AM PDT by MBB1984
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To: AT7Saluki
State lawmakers are also talking about raising gasoline taxes to pay for road and bridge construction.

That sales pitch is the most popular and reliable political scam there is. Politicians have no intention to fix the roads because it's their guaranteed way to repeatedly pass new taxes and bonds that eventually get redirected into the general fund. The sheeple never figure out this scam for some reason, proof you can fool some of the people all of the time.

39 posted on 03/13/2009 6:20:07 AM PDT by Reeses (Leftism is powered by the evil force of envy.)
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To: AT7Saluki

It’s all Bush’s fault, he never should have given those tax cuts. Now the Liberals have no choice but make up the losses. (of course, /s)


40 posted on 03/13/2009 6:22:08 AM PDT by PSYCHO-FREEP (WHAT? Where did my tag line go? (ACORN))
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