Exactly how much relief from high property taxes will the progressive state income tax offer? The answer is … wait for it … not much or no relief at all.
Also, once again, you’ll be relieved to find that only the affluent will see higher state income tax rates … until you find out that, with you’re slightly-above-average salary, you’re among the affluent.
“until you find out that, with you’re slightly-above-average salary, you’re among the affluent.” Well, almost correct. WE can always look to IL’s mentor and sister progressive state, California, to get an idea of what happens when progressive rates are put in place in progressive states. California taxes single people with incomes over $42,000 at 8%. Married couples is 8% of anything over $85,000 with a special 6% category at $61,000. This is what is coming to IL despite the so called .05% reduction from anyone under the top bracket will get.. They says “Only those single/married households with income below… Read more »
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.
funny stuff
Exactly how much relief from high property taxes will the progressive state income tax offer? The answer is … wait for it … not much or no relief at all.
Also, once again, you’ll be relieved to find that only the affluent will see higher state income tax rates … until you find out that, with you’re slightly-above-average salary, you’re among the affluent.
“until you find out that, with you’re slightly-above-average salary, you’re among the affluent.” Well, almost correct. WE can always look to IL’s mentor and sister progressive state, California, to get an idea of what happens when progressive rates are put in place in progressive states. California taxes single people with incomes over $42,000 at 8%. Married couples is 8% of anything over $85,000 with a special 6% category at $61,000. This is what is coming to IL despite the so called .05% reduction from anyone under the top bracket will get.. They says “Only those single/married households with income below… Read more »