Illinois progressives aim for nation’s highest estate tax to give more to people with disabilities – Center Square

The tax has been the target of criticism from the business groups and the Illinois Farm Bureau because estates of small business owners including farmers can be rich in assets but poor in cash. Between the market value of land, buildings, livestock, and machinery, a farm operation of relatively modest means can quickly qualify for Illinois’ estate tax provision.
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Don’t care
5 years ago

This will not affect 90% of anyone in Illinois. Becuase the smart people that have large estates have already left or claimed residence in another state. As for the farmers the land is slowly being devalued into the dirt anyway so they will not be affected, so this is just a tax on the stupid people that stick around

anonymous
5 years ago

It gives people more of an incentive to leave the GD state.

NoHope4Illinois
5 years ago

Farmers thought they could hide – not so.

Tom Paine's Ghost
5 years ago

Just more Illinois Democrat stupidity.

Hawk
5 years ago

Lowering the $4M threshold is next. Let’s see, plan A is stay in Illinois and my children get less in inheritance to pay for illegals, or plan B is move out of Illinois for the benefit of my children. I’m going with plan B.

Allcommunistsmust hang!
5 years ago

This is nothing but Communist income redistribution.

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