State Senate President Don Harmon claims a majority of Illinois residents would see no income tax increase under the proposed graduated income tax. “Until you get to $250,000 [in taxable income], you’re going to be paying less than you are paying today. For those of us who are lucky enough to be making that money, we should be investing more into our state.”
It takes $250K annually to just survive in Illinois! Then you really get the screws put to you.
Illinois will be the first state to declare bankruptcy. You watch and see! They already have their hand out for tax payer money to fix the shoreline of all those Democrat Lakefront properties.
My household income is near $250,000 and we live just fine, have savings, a house, two paid off cars, disposable income and so on. $250,000 is without a doubt, a lot of money, but you can live off a lot less than $250,000 in Illinois. $250,000 in Cali or NYC is a nothing burger, but it’s a decent income here.
debtsor
6 years ago
First of all, $250,000 a year is not a lot, and secondly, I respectfully disagree that those ‘lucky’ enough to earn a whopping $250,000 should turn around and be required to fund IL’s retired pensioners.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
It takes $250K annually to just survive in Illinois! Then you really get the screws put to you.
Illinois will be the first state to declare bankruptcy. You watch and see! They already have their hand out for tax payer money to fix the shoreline of all those Democrat Lakefront properties.
My household income is near $250,000 and we live just fine, have savings, a house, two paid off cars, disposable income and so on. $250,000 is without a doubt, a lot of money, but you can live off a lot less than $250,000 in Illinois. $250,000 in Cali or NYC is a nothing burger, but it’s a decent income here.
First of all, $250,000 a year is not a lot, and secondly, I respectfully disagree that those ‘lucky’ enough to earn a whopping $250,000 should turn around and be required to fund IL’s retired pensioners.