Bill would double estate tax to help disabled – Crain’s

Progressives want to provide $279 monthly payments by raising to 9.95 percent the Illinois inheritance tax, which applies to estates worth $4 million or more.
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Riverbender
5 years ago

Moving out, bitcoin or gold will be the answer.

Governor of Alderaan
5 years ago

Does this apply to the Cayman Islands?

Ambiguous End
5 years ago

When responsible working taxpayers become a minority voting block, expect accrual of political wins through promising rewards to the non-productive, even to criminals, who at times seem to outnumber law-abiding citizens. What could go wrong? When it crashes, they will just blame the other party, the “bad people,” for necessary austerity. The high expense of overly big government makes it extremely difficult for honest people to get by or raise a family by legal employment, therefor driving many either to criminality or unbalanced empathy for the criminal class…or just to get out of Dodge without further delay.

Last edited 5 years ago by Ambiguous End
debtsor
5 years ago

Socialists have a crazy sense of ‘justice’.

Aaron
5 years ago

Illinois is intentionally taking all the money from its citizenry.

Lyn P
5 years ago

More politico idiocy. Even without leaving IL, this level of wealth grants such holders the ability – and the deserved motivation – to find other safe harbor paths for the assets.

Lessons never learned by the tax-tentacles crowd.

BB
5 years ago

Time to Leave

LessonLearned
5 years ago

Sure. Give the wealthy one more reason to make some other state their residence.

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