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Thread: Fair Tax?

  1. #1

    Fair Tax?

    The airwaves are bombarded with the following description of the "Fair Tax".

    "Under Governor Pritzker’s fair tax plan, 97% of Illinoisans will see no state income tax increase, with only those making above $250,000 paying more."

    How is this "Fair"? Do I use more government resources because I have a higher income than others? Do I drive on state roads more? Does the state contribute more to my retirement savings? Does the state remove more snow for me? Do I use state funded medical care?

  2. #2
    Forum Regular Minnesoter's Avatar
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    Hey Congrats! I wish I made enough to be taxed at that higher rate!

  3. #3
    Forum Regular - Vociferous Class
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    Keep in mind that the tax proposal impacts single and married filers the same. So if you've got a married couple each earning $125K, they pay the rich guy tax.

  4. #4
    Quote Originally Posted by Minnesoter View Post
    Hey Congrats! I wish I made enough to be taxed at that higher rate!
    You soon may.

    https://abc7chicago.com/politics/gov...pass-/5266845/

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    Forum All Star GE Fan's Avatar
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    Quote Originally Posted by paul kuhn View Post
    It's always so easy to give away somebody else's money without thinking of the repercussions. Usually however, especially in Illinois, it always comes back to your own door to bite you in the ***.

  6. #6
    Forum All Star GE Fan's Avatar
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    Already hearing of at least one candidate in the event there is a “yes” vote to the “Fair Tax.”

  7. #7
    Quote Originally Posted by GE Fan View Post
    It's always so easy to give away somebody else's money without thinking of the repercussions. Usually however, especially in Illinois, it always comes back to your own door to bite you in the ***.
    Why they have set this up so that initially it will Just be the rich who will see their taxes go up. But that's just a bait and switch. Sure maybe at first it will just those making over 250,000 who will pay more but sooner or later and probably much sooner they will have to lower that amount.

    Even now you're seeing some minor movement toward taxing at lower amounts from 1M to 750K. If Illinois was a well run state with low debt, well funded pensions I would say making the Income Tax progressive would be a good idea. But it's not . So this will just be another attempt to increase taxes from eventually more people.

    While I have my doubts about how many people will pack up and leave when these new tax rates become law. Some one who is paying 65,000 a year in Income taxes plus another thirty thousand in property taxes will certainly have some economic justification for leaving.

    Higher taxes on small businesses aren't going to help either.

  8. #8
    Forum All Star GE Fan's Avatar
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    Well, our State Representative unfortunately fell in line with her parties’ desires and voted “Yes” on the “Fair Income Tax” amendment. The next election should be fun.

    Remember when Roskam did that.
    Last edited by GE Fan; 05-27-2019 at 04:06 PM.

  9. #9
    Quote Originally Posted by GE Fan View Post
    Well, our State Representative unfortunately fell in line with her parties’ desires and voted “Yes” on the “Fair Income Tax” amendment. The next election should be fun.

    Remember when Roskam did that.
    Yes "Tax Hike Terra" Voted with Mike Madigan who funded her campaign last year. So we know where Terra's loyalties lies . Next up . Gasoline taxes, Plastic Bag Tax, Netflix Tax, Cable Tax, Ride Sharing tax, and probably a few more I don't know about.

  10. #10
    Forum All Star GE Fan's Avatar
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    Don’t forget new liquor taxes, marijuana, sports gambling (but only if Bluhm gets his protections)...and a host of others.

    ...and no property tax relief in sight...although the Dems will pretend that they’re looking into the issue.

    God I’m so dumb for voting for these Democrats. Never again.

  11. #11
    Forum Hall of Famer DTM's Avatar
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    doesn't the constitutional amendment have to pass first?

  12. #12
    Forum All Star GE Fan's Avatar
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    Quote Originally Posted by DTM View Post
    doesn't the constitutional amendment have to pass first?
    Yep, 60% have to vote yes.

    If the Democrats are so big on giving the people a voice, why aren't they as interested in giving the people a voice on Mapping, Term Limits, Pension Reform, etc.?

    Weird.

  13. #13
    Forum Hall of Famer DTM's Avatar
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    yes, that gatekeepers only allow the amendments in their favor....

    I can see the ads for the amendment now:

    Vote yes to allow us to 'fairly tax' the millionaires. Otherwise, we will have to raise the flat on everyone to 7%.....

  14. #14
    Forum All Star ackerman's Avatar
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    On Friday, the House Revenue & Finance Committee voted on the rates(SB 687) with a yes vote needed to get the tax bill to the floor, which happened yesterday. There were 3 members on this committee, all Democrats, that had expressed reservations about the tax bill. They were Yingling, Carroll, and Kifowit. Mr. Madigan orchestrated the substituting on the committee of these 3 people, plus one other, Turner, and in their place went Cassidy, Davis, Kalish and Slaughter. This vote went 9-6 for the yes. If no subs were use, maybe it doesn't pass out of committee.

    On another bill, SB 25, what is being termed an extreme abortion bill allowing up to birth abortion, this has had other games played. If you look up SB 25, until last week it was called MHDDC-PSYCHIATRIC EXAM bill. It had nothing to do with abortions. Everything from SB 25 except the bill number was gutted and the abortion bill put in it's place. Madigan has been able to avoid public discussion, etc. by doing this. If they have the votes it will probably be voted on today or at least this week. How they can pull this stuff off is beyond disgusting. We are just bowling pins to be knocked over by Madigan and his minions. Most people won't even see the bowling ball coming on this one. Of course, puppets like Terra and Deb Conroy are a portion of the problem. The real problem is that people voted for them.


    EDIT-After talking to Conroy's office, the vote is being delayed for an hour or so as per request by the Republicans. It is probably happening sometime today.
    Last edited by ackerman; 05-28-2019 at 09:38 AM. Reason: update

  15. #15
    The legislature has approved putting the graduated income tax up for a vote by the public as a constitutional amendment.

    However, the amendment continues to be advertised as a "fair tax" amendment. And continues to espouse "fairness" as increasing the income tax levy on only those making $250K or greater.

    I wonder how many of the electorate will believe they are approving an amendment that will only raise the tax on those above the $250K income bracket? Not knowing that the amendment is, in fact, a law that allows for the graduations to be anything the legislature needs to pay the bills?

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