Proponents of the Tax Hike Amendment are out with another false and misleading ad attempting to convince voters that Springfield Politicians didn’t mean what they said when they put taxing retirement income on the table if their amendment passes. However, we know their claims ring hollow because other insiders have made clear their support for taxing retirement income. Additionally, every state across the country with a graduated tax structure also taxes retirement income.
State Treasurer Michael Frerichs let the cat out of the bag in June when he admitted that a graduated tax system would “make clear you can have graduated rates when you are taxing retirement income,” adding that it was worth a discussion.
Now, a report has surfaced showing that in 2018 Illinois’ now Deputy Governor and Director of Revenue also supported taxing retirement income if a graduated tax was instituted.
“Every state with a graduated income tax also taxes retirement income, which is further proof we simply cannot trust Springfield Politicians with the new power this Tax Hike Amendment gives them,” said Lissa Druss, Spokeswoman for The Coalition to Stop the Tax Hike Amendment. “They are desperately trying to backtrack what they’ve already said they support – which is taxing retirement income if their Tax Hike Amendment is approved,” added Druss.
The billionaires are spending a fortune to try and scare us. They want to keep getting away without paying their fair share. I did my research and here are the facts. The Fair Tax will not tax retirement income. You heard that right. The fair tax will not tax retirement income. As a matter of fact, 97% of Illinois will get a tax cut, including seniors like me. It’s time for change. Vote yes for fairness.
The first as is unacceptably dishonest. No one is getting a tax cut. Everyone is getting taxed more, except for those whose Tax Attorney sent them out of the country to file incorporation papers and open offshore bank accounts. Like I suppose the Governor who is proposing the Tax More Amendment.
The second advertisement was much more effective. The range of business people from around the State means more than paid actors in the first ad.
- Grandson of Man - Thursday, Oct 8, 20 @ 1:09 pm:
The first ad is a good response because it’s true in that graduated income tax CA will not tax retirement income.
The second ad is the usual blatant lies. The CA only allows for higher taxation of the rich. Middle income people will not be taxed more. Taxing retirement income has nothing to do with this CA. Some of the people in the ad look like they would get a tax cut or no tax increase.
” No one is getting a tax cut. Everyone is getting taxed more, except for those whose Tax Attorney sent them out of the country to file incorporation papers and open offshore bank accounts.”
Once we pass this tax we can spend, spend, spend, spend and spend some more. We can create all kinds of new programes and playcate every group. We can borrow more and keep defering those pension payments.
=== I weep for all of the “small business owners” clearing $250k/year in personal income.===
Narrator: It’s still only the 3%, whole 97% won’t see an increase.
- Union Thug Gramma - Thursday, Oct 8, 20 @ 2:35 pm:
=No one is getting a tax cut.=
Funny, we will be saving about $270…and our income is in the 6 figures, but under the 250 mark. Is it reading or math that you don’t understand?
BTW, if we don’t pass the Fair Tax, our tax rate will be going up to about 5.4%…on ALL OF US and that will affect the 97% a lot more than the upper 3%.
I’ve also been arguing with many who can’t understand the difference betwee gross income/profit and NET or adjusted gross income…I’m so glad my father taught me how to understand income tax…ok, he kind of forced me, but it was worth it.
=== The first as is unacceptably dishonest. No one is getting a tax cut. ===
This is gaslighting. Congratulations.
To the ads,
First to the “No” ad…
It’s a B-, it seems thoughtful, it will play to the ill-informed, and it flat out lies…
=== It gives Springfield Politicians new power to increase income taxes on anyone.
…
They would even have the power to tax my retirement income.===
The only *one* standing tall to tax retirement income is Mike Frerichs… and Frerichs is sidelined now, no help, useless, but still tall.
The “pro” ad;
It’s a B+
This is the type, not necessary the response type verbiage but educational to the CA, that shoulda ran in June, July, August… but the making clear of things that now are a response instead of forcing and saturating the truth… it does what it is designed to do, and it’s better than the “no” ad… but both still in the “B” category.
Mike Frerichs allowed the fighting for retirement income in these ads. Frerichs better wake up every day and hope this doesn’t fail, and while it will be unfair, it’s not unfair that Frerichs belief that taxing retirement income is worth the discussion.
===The range of business people from around the State means more than paid actors in the first ad.===
There are only three business owners in ad (not sure if the chamber directors actually own businesses). Two of the three are representing the same company. I don’t follow your logic that business owners across the state are a no.
In my conversations, small business owners are split based on which party they identify with.
The budget deficit is to great for the teaser tax rates used for a deceptive Propaganda program to stand. The Rates will not stand for but one year. Since the Rates are so fair the standard deductions and exemptions are eliminated and poor will pay 5% or more on their first dollar. I am a certified public accountant. Income taxes are not about fairness and the proposed constitutional modification is not about Fairness and is not about giving anyone a tax break. Please vote NO.
With a new map, “if” the fair tax passes, the politically smart thing is not move on anything until you first get the political win next election for what the fair tax does.
It’s after 5, but slow down, you don’t need to imbibe that fast.
=== I am a certified public accountant.===
That’s obvious.
=== Income taxes are not about fairness and the proposed constitutional modification is not about Fairness and is not about giving anyone a tax break.===
Only someone wanting to save millionaires and billionaires would write that drivel.
Classic Illinois Dems. The fact they need to say “won’t tax retirement income” will lead everyone with a right mind to believe that is next. Keep on taxing and spending Illinois, people are fleeing this state.
- The Other Rich Hill - Friday, Oct 9, 20 @ 6:28 am:
Oscar - imagine the surprise for all those people “fleeing” when they figure out those other states actually have higher income tax brackets and Illinois conservatives have been pulling the wool over their eyes all along.
Oops.
- The Other Rich Hill - Friday, Oct 9, 20 @ 6:29 am:
- Shytown - Thursday, Oct 8, 20 @ 1:00 pm:
I give it a solid A. It’s concise, factual and delivered by a credible messenger.
- Just Me 2 - Thursday, Oct 8, 20 @ 1:07 pm:
Never repeat your opponents talking point.
- Al - Thursday, Oct 8, 20 @ 1:07 pm:
The first as is unacceptably dishonest. No one is getting a tax cut. Everyone is getting taxed more, except for those whose Tax Attorney sent them out of the country to file incorporation papers and open offshore bank accounts. Like I suppose the Governor who is proposing the Tax More Amendment.
The second advertisement was much more effective. The range of business people from around the State means more than paid actors in the first ad.
- Grandson of Man - Thursday, Oct 8, 20 @ 1:09 pm:
The first ad is a good response because it’s true in that graduated income tax CA will not tax retirement income.
The second ad is the usual blatant lies. The CA only allows for higher taxation of the rich. Middle income people will not be taxed more. Taxing retirement income has nothing to do with this CA. Some of the people in the ad look like they would get a tax cut or no tax increase.
- City Zen - Thursday, Oct 8, 20 @ 1:09 pm:
OK Boomer
- Montrose - Thursday, Oct 8, 20 @ 1:21 pm:
” No one is getting a tax cut. Everyone is getting taxed more, except for those whose Tax Attorney sent them out of the country to file incorporation papers and open offshore bank accounts.”
Huh? Please show us your math.
- JS Mill - Thursday, Oct 8, 20 @ 1:22 pm:
=No one is getting a tax cut.=
That is wrong, just flat wrong.
Have you ever taken a math or language arts class?
ONLY those making over $250 k will experience an increase.
- Responsa - Thursday, Oct 8, 20 @ 1:27 pm:
She has a nice Chicago accent.
- Nummy yummy - Thursday, Oct 8, 20 @ 1:33 pm:
Once we pass this tax we can spend, spend, spend, spend and spend some more. We can create all kinds of new programes and playcate every group. We can borrow more and keep defering those pension payments.
- Jocko - Thursday, Oct 8, 20 @ 1:38 pm:
==It gives Springfield Politicians new power to increase income taxes on anyone.==
New power? They’ve ALWAYS had this power. What’s next, a commercial arguing “Who are THEY to determine how our tax money should be spent?”
- brickle - Thursday, Oct 8, 20 @ 1:39 pm:
I weep for all of the “small business owners” clearing $250k/year in personal income.
- Oswego Willy - Thursday, Oct 8, 20 @ 1:40 pm:
=== I weep for all of the “small business owners” clearing $250k/year in personal income.===
Narrator: It’s still only the 3%, whole 97% won’t see an increase.
- Union Thug Gramma - Thursday, Oct 8, 20 @ 2:35 pm:
=No one is getting a tax cut.=
Funny, we will be saving about $270…and our income is in the 6 figures, but under the 250 mark. Is it reading or math that you don’t understand?
BTW, if we don’t pass the Fair Tax, our tax rate will be going up to about 5.4%…on ALL OF US and that will affect the 97% a lot more than the upper 3%.
I’ve also been arguing with many who can’t understand the difference betwee gross income/profit and NET or adjusted gross income…I’m so glad my father taught me how to understand income tax…ok, he kind of forced me, but it was worth it.
- Oswego Willy - Thursday, Oct 8, 20 @ 2:49 pm:
=== The first as is unacceptably dishonest. No one is getting a tax cut. ===
This is gaslighting. Congratulations.
To the ads,
First to the “No” ad…
It’s a B-, it seems thoughtful, it will play to the ill-informed, and it flat out lies…
=== It gives Springfield Politicians new power to increase income taxes on anyone.
…
They would even have the power to tax my retirement income.===
The only *one* standing tall to tax retirement income is Mike Frerichs… and Frerichs is sidelined now, no help, useless, but still tall.
The “pro” ad;
It’s a B+
This is the type, not necessary the response type verbiage but educational to the CA, that shoulda ran in June, July, August… but the making clear of things that now are a response instead of forcing and saturating the truth… it does what it is designed to do, and it’s better than the “no” ad… but both still in the “B” category.
Mike Frerichs allowed the fighting for retirement income in these ads. Frerichs better wake up every day and hope this doesn’t fail, and while it will be unfair, it’s not unfair that Frerichs belief that taxing retirement income is worth the discussion.
- twowaystreet - Thursday, Oct 8, 20 @ 2:56 pm:
===The range of business people from around the State means more than paid actors in the first ad.===
There are only three business owners in ad (not sure if the chamber directors actually own businesses). Two of the three are representing the same company. I don’t follow your logic that business owners across the state are a no.
In my conversations, small business owners are split based on which party they identify with.
- Al - Thursday, Oct 8, 20 @ 5:11 pm:
The budget deficit is to great for the teaser tax rates used for a deceptive Propaganda program to stand. The Rates will not stand for but one year. Since the Rates are so fair the standard deductions and exemptions are eliminated and poor will pay 5% or more on their first dollar. I am a certified public accountant. Income taxes are not about fairness and the proposed constitutional modification is not about Fairness and is not about giving anyone a tax break. Please vote NO.
- Oswego Willy - Thursday, Oct 8, 20 @ 5:15 pm:
=== The Rates will not stand for but one year.===
LOL… this is insanity.
With a new map, “if” the fair tax passes, the politically smart thing is not move on anything until you first get the political win next election for what the fair tax does.
It’s after 5, but slow down, you don’t need to imbibe that fast.
=== I am a certified public accountant.===
That’s obvious.
=== Income taxes are not about fairness and the proposed constitutional modification is not about Fairness and is not about giving anyone a tax break.===
Only someone wanting to save millionaires and billionaires would write that drivel.
- Oscar - Thursday, Oct 8, 20 @ 5:49 pm:
Classic Illinois Dems. The fact they need to say “won’t tax retirement income” will lead everyone with a right mind to believe that is next. Keep on taxing and spending Illinois, people are fleeing this state.
- The Other Rich Hill - Friday, Oct 9, 20 @ 6:28 am:
Oscar - imagine the surprise for all those people “fleeing” when they figure out those other states actually have higher income tax brackets and Illinois conservatives have been pulling the wool over their eyes all along.
Oops.
- The Other Rich Hill - Friday, Oct 9, 20 @ 6:29 am:
When did Ken Griffin change his name to “Al”?
LOL
- Anonymous - Wednesday, Oct 28, 20 @ 5:33 pm:
THERE ARE ONLY 17 BILLIONAIRES IN THE WHOLE STATE