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Forum: Internet Links Topic: Glad I don't live in Illinois started by: TheCatt Posted by TheCatt on Jan. 11 2011,12:56
< Possible tax hikes >QUOTE * Temporarily raising the personal income tax rate to 5%, from 3%. * Temporarily hiking corporate income taxes to 8%, from 4.8%. * Increasing the tobacco tax to $1.98 per pack, up from 98 cents. * Providing a property tax rebate of $325, rather than an income tax credit of 5% of property tax. * Imposing a moratorium on new programs with spending growth capped at 1% per year, with the exception of increased school aid of more than $700 million. * Borrowing $8.5 billion to clear the current stack of unpaid bills. * Borrowing $3.7 billion for the fiscal 2011 pension payment. Fuck that, just declare bankruptcy and start over. Posted by GORDON on Jan. 11 2011,13:28
I saw a thread about this part... somewhere. Don't remember:"Temporarily raising the personal income tax rate to 5%, from 3%." The news article quoted said "Personal income tax increases by 75%." The people in that thread were bashing the obviously right-leaning journalist, because clearly that is a 2% increase, not a 75% increase. He was just being sensationalist and fear mongering. Sigh. Posted by Malcolm on Jan. 11 2011,13:47
QUOTE * Increasing the tobacco tax to $1.98 per pack, up from 98 cents. DAMN. Over double. There will be a day when a pack of smokes costs fucking $20 because 90% of the cost is going to be taxes. I'll say it again, if they're going to milk addicts for all the cash they're worth, why not legalize other drugs as a means of income? The gov't bitching about the cost subsidized health care for smokers has been one the chief arguments for fucking tobacco industry at every available lawsuit. Stop playing it both ways, assholes. QUOTE * Temporarily raising the personal income tax rate to 5%, from 3%. Temporarily my ass. Posted by thibodeaux on Jan. 11 2011,14:19
(GORDON @ Jan. 11 2011,16:28) QUOTE "Temporarily raising the personal income tax rate to 5%, from 3%." The news article quoted said "Personal income tax increases by 75%." The people in that thread were bashing the obviously right-leaning journalist...He was just being sensationalist and fear mongering. Yeah, it's only 66.667% Duh. Posted by TheCatt on Jan. 11 2011,15:11
On 2nd thought, 5% is lower than our state tax rate of 7.75%
Posted by GORDON on Jan. 11 2011,15:21
It's way more than Tennessee's 0%.And South Dakota's. And a few others I can't think of... but I want to say Texas and Wyoming are two. I don't know why some states can operate off of 0% state tax and others can't get by on 5%. Posted by Leisher on Jan. 12 2011,05:49
Florida is 0%, but they make it up when you go to get a new license and license plates. California, Illinois, and New York are all in financial trouble right now. I'm sure it's just a coincidence that they're all Democrat strongholds. Posted by TheCatt on Jan. 12 2011,07:28
< Tax Burden by state >Illinois #14 California #6 New York #3 NC #28 Ohio #18 Posted by Malcolm on Jan. 12 2011,08:41
Missouri's 50th? The least tax burdened state? Are you shitting me?
Posted by GORDON on Jan. 12 2011,08:48
MS was 50, MO was 33.And I knew SD had to be low. I couldn't figure out where they made their money; no state income tax, driver's license cost $20, and license plates cost $20. No luxury tax on vehicles. Maybe gambling revenue? Don't know. Posted by Malcolm on Jan. 12 2011,09:23
MS?
Posted by GORDON on Jan. 12 2011,10:10
Yeah, isn't that Mississippi?
Posted by thibodeaux on Jan. 12 2011,10:13
Yes.
Posted by Malcolm on Jan. 12 2011,10:58
(GORDON @ Jan. 12 2011,12:10) QUOTE Yeah, isn't that Mississippi? Hmm. The ways by which these states arrived at their positions on that list somewhat intrigue me. |