Moderate America

[penny_foolish]

Isn't this great? 28-30% Fed, 10% sales, 5% state income, 38% fuel, 42% alcohol (booze), and, I don't smoke, but - UNGODLY on tobacco! And we are worried about whether rich people are going to pay 36 or 39% on their income? The old three card Monty in effect again!! Give America a few talking points and they won't realize that your wallet is being picked!

Illinois income tax rate may rise by 50%
Gov. Pat Quinn mulls plan to increase income tax rate to 4.5% from 3%, sources say

By Ray Long and Ashley Rueff | Tribune reporters
12:08 PM CDT, March 13, 2009

TRIBUNE UPDATE: Gov. Pat Quinn today acknowledged he plans to raise income taxes in the wake of a Chicago Tribune story that he is considering a 50 percent increase on individuals. He declined to confirm details in the Tribune report, which said he is looking at raising the personal income tax from 3 percent to 4.5 percent as well as increasing personal exemptions.

"There will be some that will have a higher tax burden," Quinn told reporters today during an impromptu news conference at the James R. Thompson Center, adding it would be based on the ability to pay. Quinn said an increase would be part of a "fundamental reform" of the income tax system that would provide tax relief for many Illinoisans. He said that would come from more generous tax exemptions for working families who are suffering amid the nation's economic decline.

http://www.chicagotribune.com/news/local/chi-quinn-tax-hike-13mar13,0,7352846.story