Illinois Income Tax May Jump 50 Percent

[ironhorsedriver]

That would most likely effect bottom dweller types...as they are mostly ones that still smoke in this day and age.  Smoking went out in the 80's.

 

Damn, I guess that makes me a bottom dweller. Oh well, at least the only way is up.

[Atomic Lib Smasher]

I can't wait to move out of this friggin' state. 

So with taxes on cigarettes going up here (1 dollar state tax and 1 dollar fed), and now your average family with two incomes getting raped on their taxes, it'll make it harder for businesses to thrive here, families to get what they need let along any excess spending, and unemployment will rise here because of it (it's already at 7.9%)..... we're F*&ked.

[DumbAss Tanker]

As far Obama's taxes go, most states will still collect if you're working out of state,  but you do get a partial credit for taxes paid elsewhere on the income you make (since the state where a nonresident earns it will tax it there, if they have income tax).

[RobJohnson]

I remember the good old days when the state income tax in IL was 1.25%

But with all those folks in public housing it's going to keep going up!

I love Illinois, so much cool stuff to see and do...but I really don't miss the ice & snow. Chicago is always fun to visit.

[BlueStateSaint]

I love Illinois, so much cool stuff to see and do...but I really don't miss the ice & snow. Chicago is always fun to visit.

I remember a millionaire telling me once, "Snow is a nice thing to visit, once or twice a year."  After this last winter, I'm really starting to think like that.

[Vagabond]

The residents of Illinois did it to themselves.  They voted for Democrats, and they hoisted Zero on us.  Personally, I think the governor should double the income tax just to be fair.