Eight states last week introduced bills or announced plans in a coordinated effort to increase taxes on the wealthy. The approaches to hiking taxes vary, but all would make the richest Americans pay more. The efforts are all in blue states—California, Connecticut, Hawaii, Illinois, Maryland, Minnesota, New York and Washington—and their prospects are uncertain.
Trump’s tax law change, limiting state tax deductions to $10,000 affected 300,000 filers in Cook County alone. Many of those have relocated to states without a state income tax. Many more will follow.
Old Joe
3 years ago
I say we mine Rosehill for wedding bands and gold crowns. Let’s repurpose this unused bling to pay public sector pensions.
The temerity of prior generations who thought they could take it with em….
Poor Taxpayer
3 years ago
Ken Griffen said goodbye Illinois. Chasing out the money people is not a smart thing to do. These are the people who invest in the businesses that employee people. This is not going to end well for the average working family man. Government most likely will do this, because they always make the worst possible decisions possible. I fully intend on voting with my feet ASAP, cannot afford the some of the highest taxes in the nation with some of worse services in the nation. Going to give Illinois the 1 finger salute on my way out.
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.
Trump’s tax law change, limiting state tax deductions to $10,000 affected 300,000 filers in Cook County alone. Many of those have relocated to states without a state income tax. Many more will follow.
I say we mine Rosehill for wedding bands and gold crowns. Let’s repurpose this unused bling to pay public sector pensions.
The temerity of prior generations who thought they could take it with em….
Ken Griffen said goodbye Illinois. Chasing out the money people is not a smart thing to do. These are the people who invest in the businesses that employee people. This is not going to end well for the average working family man. Government most likely will do this, because they always make the worst possible decisions possible. I fully intend on voting with my feet ASAP, cannot afford the some of the highest taxes in the nation with some of worse services in the nation. Going to give Illinois the 1 finger salute on my way out.