-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
I have no problem with a disable veteran having a break.
In this case we must change the state law.
She needs to pay 100% of her property taxes.
We need to compare the income of the veteran and their ability to earn a normal regular
income for anyone living in that area or the price of the home and then charge them full price or a portion.
She is raking in the dough man. She needs to pay.
Members of Congress are exempt from paying income or personal property taxes in the D.C. metropolitan area (VA, MD, DC) unless they represent those areas. So I’d wager Duckworth pays IL state income tax, which means she might be stuck having to claim IL home as her primary residence, even though she’d be better off financially claiming that exemption on her $1.3 VA home.
Right after someone gets a rope around Medicaid fraud, waste and abuse, I wouldn’t be opposed to taking a look at how veteran’s disability benefits are determined and monitored. 10% to 20% for pseudofolliculitis barbae because it’s considered “service connected” if you start trying to shave in the Army. PTSD based on self-reported symptoms without the necessity of presenting cooperating witness evidence. Disabled veteran tuition assistance to study fluff-n-nonsence majors at on-line for-profit schools that have a miserable graduation rate, and basement-dwelling success at post-graduation employment. As to Senator Duckworth – too many conflate the fact that she lost two… Read more »
You missed it – evidence shows her domocile is Va, not Illinois. That’s tax fraud. Never mind Tammy’s hypocrisy on taxes as a U.S. Senator.
Our laws are so screwed up and convoluted. People with the time and lawyers on staff can get through all the loopholes, regular folks can’t and don’t want to waste their life examining the law for loopholes. Prickster and #uckworth have the free legal resources to “follow” the laws in a way that benefits them, everyone else understands that the laws are not perfect but, “gets it”, about a laws intent to be fair if not perfect. So regular folks live by the good intent of laws, and the power hungry live by what they can get, always will.
I fully agree with your post and on the “free legal resources” yes it is free for them but being nothing is free in this world it means that we, the taxpayers, foot their legal bills that are free for those two.
Hmmmm… sounds like it’s time for a round of sympathy for Tammy? If questioned she’ll just slump in her chair.
How long before the assessor indicates she’s not eligible and she pays the tax. She should know whether or not she’s a resident. Just like Pritzker with the toilets, they know it’s wrong, they do it anyway, and when they get caught no repercussions. Now if you or me did that, tax + penalties + interest.
A disabled veteran is one that is unable to hold a full time job, due to the disability.She should not be included
Exactly
That’s your definition and one that doesn’t count in this matter so far. It all depends upon the work’s requirements.
I was talking about the residency requirement. Per the law I think she would be considered disabled but as others have indicated it’s not likely she meets the residency requirement. I assume if she qualifies for the exemption then she would also have to pay Illinois income taxes.
The ISBA says someone needs to reside at least 9 months per year in Illinois to be considered a resident.
There are enough questions about Tammy and her husband domicile in Illinois with their home in McLean, Va that an audit of her residency is needed.
Duckworth’s Illinois home is obviously a 2nd home, not eligible for homestead exemption. For us “little folks” assessor bases occupancy on “heads in beds” minimum days/year to qualify for “homestead” exemption-qualification. Duckworth’s modest house in Cook County is only use is as “anchor” to establish residency – her REAL house is McMansion in McLean. This is just another “gimme” for Illinois connected folks, and our politicians, as usual, game system to their personal financial favor. For shame, Tammy honey, for shame. Wonder if Obamas still get homestead exemption for their Kenwood mansion – any check? Again, Obamas live in their… Read more »
With property taxes at record highs, you would expect Duckworth to at least acknowledge that these exemptions should be means tested. Tammy and her hubby obviously can afford to pay the Cook Co property tax given her income as a Senator ($174k) and her military retirement ($65k) and his income.
Now Tammy can get back to bloviating about ‘millionaires and billionaires’ needing pay their ‘fair share’ to the welfare state she is part of.
I have no issue with a disabled veteran receiving this benefit. Senator Tammy certainly qualifies. My issue is with a simpleton being elected to office largely as a result of her disability and not having the mental capacity to execute. She simply isn’t very intelligent. Of course, the guy who currently occupies the White House is cognitively impaired so maybe her deficiencies aren’t that important.