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More react to Pritzker’s graduated tax proposal

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* Posted in the order they were received. Illinois Republican Party Chairman Tim Schneider…

More tax hikes will not solve Illinois’ fiscal problems. Pritzker’s proposed $3.4 billion tax increase will lead to even more out-migration of Illinois families, businesses, and jobs. Tax-and-spend Illinois Democrats cannot be trusted with more of our tax dollars. That is why Illinois Republicans stand united against the Pritzker-Madigan tax hike and will continue to support reforms that will lower taxes, create jobs, and make our state thrive once again.

* From the pro-Pritzker dark money group Think Big Illinois’ Executive Director Quentin Fulks…

“Today’s proposed tax rates are an important step toward creating a fair tax system that works for everyone, so it shouldn’t come as a surprise that outside groups funded by the wealthiest Illinoisans are quick to launch desperate, false attacks. While these outside groups and their wealthy donors will do or say anything to avoid finally having to pay their fair share, the fact is Illinois needs a fair tax to modernize our tax code, boost the economy, and address the dire financial situation we’ve been left in after years of irresponsible governance and mismanagement.

“Under the fair tax system, 97% of Illinoisans will receive tax relief, with only families making upwards of $250,000 a year paying more. This structure will also ​lift the burden off middle-class and working families and provide $100 million in property tax relief, but that won’t stop opponents from fighting to prevent Illinoisans from even having the opportunity to vote to implement a fair tax.

“False attacks from those whose bottom lines will be hurt by a fair tax will undoubtedly continue, but Think Big Illinois remains committed to standing with working families and educating Illinoisans about how a fair tax will help them, their communities, and our state.”

* AFSCME Council 31 Executive Director Roberta Lynch…

“Under Governor Pritzker’s fair tax plan, millionaires would pay more while working people pay less. Public services and schools would get needed reinvestment and the state could pay its bills.

“Raising needed revenue from those who can afford to pay a little more—while cutting or keeping taxes low for 97 percent of filers—is the fair tax reform that’s long overdue in Illinois.

“Our union will work with lawmakers to pass the legislation needed to put the fair tax plan on the 2020 ballot.”

* linois Federation of Teachers President Dan Montgomery…

The Illinois Federation of Teachers applauds Governor JB Pritzker’s commitment to working families and putting Illinois on a more fair, prosperous path forward.

This fair tax proposal, which provides relief for more than 97% of taxpayers, will be a welcome change for our members and the communities we serve.

It’s no secret that Illinois’ dire financial situation has taken decades to develop and was made exponentially worse in recent years. Solving our problems will take both time and real structural change. The Governor’s proposal asks the wealthy to pay their fair share so we can invest in schools, higher education, and vital services – and that is something the IFT supports.

As Governor Pritzker has noted, alternatives to this plan would be raising taxes on everyone, including those who can least afford it, or cutting public education and services to the bone in a Rauner Replay.

That is unacceptable. It’s time for change. Our current tax system is unfair and unsustainable, and this is a strong first step. We look forward to working with the administration and lawmakers to build the future we all deserve.

I’ll post ‘em when I get ‘em.

…Adding… Americans for Prosperity-Illinois State Director Andrew Nelms…

“Giving lawmakers a graduated income tax would be like giving them a blank check. Make no mistake, this is a tax hike on Illinois job creators that will only drive jobs out of our state and hasten residents’ departure. Illinois’ political landscape is strewn with broken promises when it comes to taxes. When the Illinois Senate passed the temporary income tax increase in the middle of the night in January, 2011, politicians told the people of Illinois that it would partially expire in 2015 and roll back even further in 2025. Then, over Independence Day weekend in 2017, lawmakers raised the income tax permanently. But they still want even more of our hard-earned money.

“Don’t be fooled – Illinois lawmakers have consistently raised our taxes and are now pretending to lower them. As we’ve said time and again, the last thing we should do right now is let lawmakers wield greater power to levy higher taxes. Taxpayers shouldn’t fall victim to the hope of a meager property tax credit in exchange for giving Springfield politicians a blank check to raise income tax rates, add brackets, and reduce the thresholds at which higher rates apply in the future.”

* Illinois Network of CILs…

In order to build a strong and inclusive state, our government needs adequate revenue.

Today Governor Pritzker released a plan that would lower individual income tax rates for 97% of Illinois individual taxpayers. Those who earn less than $250,000 would pay less, and those earning more would pay higher rates. Illinois CILs applaud this proposal.

If enacted, this reasonable proposal will not only bring relief to tens of thousands of taxpayers with disabilities, it will help secure the empowerment and civil rights of all people. For too long, Illinois has been unable to properly fund so many urgent priorities, including programs that support Independent Living. The Governor’s plan represents a giant step forward.

…Adding… Senate Republican Caucus…

Without guaranteed protections for middle class families, we are opposed to the governor’s $3.4 billion tax increase.

I’m not sure what that means, so I’ll ask.

* Illinois AFL-CIO President Michael T. Carrigan…

“The Fair Tax proposal is responsible, sustainable and practical. The Illinois AFL-CIO commends Gov. Pritzker for taking bold action with this proposal. We have long supported a progressive tax system to alleviate the burden on the middle class and move our state forward.”

* LiUNA Vice President and Midwest Regional Manager John F. Penn…

“We are pleased that Gov. Pritzker is again following through on his commitment to stand with working families, including the hardworking men and women of the Laborers’ Union, who help build our state’s roads and schools and who serve the public at all levels of government. Asking the wealthy to pay their fair share will offset a tax cut for 97 percent of taxpayers – anyone who makes less than $250,000 per year – and will put Illinois back on the path to fiscal stability. Illinoisans deserve a fair tax structure like the one proposed by the Governor today.”

* Kristina Zahorik, President of the Illinois Democratic County Chairs’ Association…

Illinois has been desperately awaiting two critical changes from an Illinois governor. First, we needed bold leadership. Second, we needed a legitimate path toward stability for the state. JB Pritzker delivered on both of these needs today.

The IDCCA stands with the Governor and applauds his refreshing, straightforward honesty about our fiscal challenges. He’s shown true leadership by proposing a way to cut or stabilize taxes for 97 percent of our residents while adjusting taxes on millionaires who’ve financially fared quite well throughout the years.

We understand that passing a Constitutional Amendment for a fair tax won’t be easy. So we’re ready to offer more than simple lip service. We’re already working with our network of volunteers, activists and partners to support the plan as it becomes an election issue. Rank and file Democrats will work exceptionally hard to build support for a fair tax amendment in 2020.

* IMA…

“Today’s massive tax hike proposal will further harm the state’s manufacturing sector, which has already lost more than 300,000 jobs since the turn of the century. Illinois cannot afford to lose more of these good, high-paying middle-class jobs,” said Mark Denzler, president and CEO of the Illinois Manufacturers’ Association. “Taxing and spending are not the answer to our daunting challenges. The governor’s plan will vault Illinois to the 3rd highest corporate tax rate and 8th highest individual tax rate in the United States. Given that we already face the highest property taxes in the nation, the most glaring part of today’s announcement is what is not included: there is no mention of property tax relief for job creators or curtailed government spending.”

* IEA President Kathi Griffin…

“The Illinois Education Association supports a Fair Tax for Illinois. Surveys show voters support a Fair Tax for Illinois. It is imperative that we redirect Illinois to a path of economic recovery that will help our students access the tools and resources that will allow them to reach their full potential. This will strengthen our institutions of higher education, allow our public schools to thrive and strengthen communities throughout Illinois. It is perplexing that we are one of only nine states that hangs on to the flat tax while more than 30 other states have graduated tax rates. Our structure is woefully regressive. Gov. Pritzker’s plan will put us on a better path – a path to not only recover from the two-year budget impasse, but also to grow and stabilize our economy.”

…Adding… A couple more…

The Responsible Budget Coalition applauds Governor JB Pritzker’s push for a Fair Tax. A Fair Tax would give relief to working families while raising much-needed revenue to fund essential state services.

Under Illinois’ current flat tax, wealthier residents do not pay their fair share of state and local taxes. Furthermore, the regressive tax structure perpetuates the state’s dire financial circumstances, an untenable situation made worse by the years-long budget impasse. Illinois’ revenue deficiencies have forced unconscionable cuts to vital services and a chronic failure to pay our bills on time. More revenue is needed in order to put Illinois on a path to fiscal health.

A Fair Tax would bolster our economy and raise billions in revenue to fund our schools and social services. A more just tax system is long overdue. Join us in supporting this necessary measure. Call your Illinois senators and representatives and tell them to support a Fair Tax.

* And…

“The Illinois Chamber realizes that Governor Pritzker has inherited real and serious fiscal problems,” said Chamber President and CEO Todd Maisch. “Unfortunately, his plan for a new tax increase is very unlikely to solve them. Taxing businesses and business owners without restraining state spending nor taking measures that will spur economic growth sends exactly the wrong message to job creators who are already questioning their commitment to Illinois. When they choose to move investment across state lines, government loses tax revenue and our communities take a hit.

“It is important to note that the increase on the ‘2.7 percent’ of taxpayers the governor is targeting will pay much more than the $3.4 billion net income the plan claims it will generate. They will also pay for the ‘tax relief’ afforded to other taxpayers. Clearly, this plan will trigger a serious reaction from employers, especially since the plan only addresses the perceived budget deficit and does not make any meaningful dent in Illinois’ backlog of unpaid bills nor the future spending demands of progressive members of the governor’s party. The plan should be viewed for what it is: merely a first installment.”

posted by Rich Miller
Thursday, Mar 7, 19 @ 2:04 pm

Comments

  1. “Today’s proposed tax rates are an important step toward creating a fair tax system…”

    Wasn’t expecting them to admit this quickly that the rates will be changing shortly.

    Comment by City Zen Thursday, Mar 7, 19 @ 2:12 pm

  2. I do love me some Roberta.
    I’m proud that she leads my union.
    I’m itching to fight this fight.
    to
    Stop the obfuscation
    Stop the gaslighting
    stop the whatabouting

    and fight to make the wealthy
    Pay their fair Share

    Workers Revenge for Janus
    You took away our fair share
    We’ll make you the wealthy pay it

    Comment by Honeybear Thursday, Mar 7, 19 @ 2:12 pm

  3. “even more out-migration of Illinois families, businesses, and jobs”

    That’s some bizarro math, people leaving the state due to high taxes when 97% are getting a tax cut.

    Nope, GOP, you’re trapped as the party who protects the rich at all costs and wants the more vulnerable to eat cuts.

    Comment by Grandson of Man Thursday, Mar 7, 19 @ 2:13 pm

  4. Tim Schneider is the perfect spokesman for arguing against a tax cut for the 97%.

    Comment by wordslinger Thursday, Mar 7, 19 @ 2:17 pm

  5. ==“Today’s proposed tax rates are an important step toward creating a fair tax system…”

    Wasn’t expecting them to admit this quickly that the rates will be changing shortly.==

    Or they just meant there were a lot of steps between proposing the new structure and enacting it.

    Comment by Nacho Thursday, Mar 7, 19 @ 2:23 pm

  6. Enough of the BS about tax cuts. The reductions are really minimal. Call this what it is Tax the Rich and keep Cuomo in mind as his rich taxpayers flex NY and he now is facing a 3 billion deficit. The same will happen here over time

    Comment by Sue Thursday, Mar 7, 19 @ 2:27 pm

  7. and Sue choses the class warfare angle….
    See if that one sticks Sue

    Comment by Honeybear Thursday, Mar 7, 19 @ 2:31 pm

  8. Sue and friends spent months screaming for the rates, they got the rates and now they are angry that 97% of illinoisans will get a tax cut. This is rich.

    Comment by Anonymous Thursday, Mar 7, 19 @ 2:37 pm

  9. ==Enough of the BS about tax cuts.==

    Sue, this is how the game is played. Now is time for the opposition to fight for married brackets, long-term lock on rates, rules regarding introducing new brackets, tying the highest bracket to the lowest bracket, etc.

    Of course, they’re not going to do this and just dig in on the flat tax.

    Comment by City Zen Thursday, Mar 7, 19 @ 2:38 pm

  10. ===Now is time for the opposition to fight for===

    The GOP opposition is simply saying “100 percent no.” You don’t get a seat at the bargaining table if you aren’t willing to bargain. Unless they are certain they can stop this dead in its tracks, I think it’s a big mistake on their part.

    Comment by Rich Miller Thursday, Mar 7, 19 @ 2:40 pm

  11. The opposition will keep crying about a tax hike even though 97% will be getting a tax cut. And while doing that they will offer zero substantive alternatives to what Pritzker’s proposed, except “cut government spending blah blah,” because they refuse to accept that the state’s deficit is structural.

    Then after doing everything they can to ensure no one takes them seriously, they’ll complain about being cut out of the process.

    A day may come when the opposition learns it’s lesson from the Rauner years. But it is not this day.

    Comment by Nick Name Thursday, Mar 7, 19 @ 2:44 pm

  12. Anonymous- not screaming- just pointing out that Pritzker claimed in exchange for the new program the vast majority get breaks. Think most people don’t consider saving $125 or $200 to be meaningful and the rest get another 60 percent or more increase on top of the 60 percent we got 2 years ago. This is enough for me to head south which I am sure will make you happy but if enough of us go you and yours will be toast

    Comment by Sue Thursday, Mar 7, 19 @ 2:47 pm

  13. ==Call this what it is Tax the Rich==

    That’s what they’ve called it all along. They weren’t hiding it.

    They did what they needed to do. Keep the rates the same or slightly lower for most people. They are off to a good start on the narrative.

    Comment by Demoralized Thursday, Mar 7, 19 @ 2:48 pm

  14. ==This is enough for me to head south ==

    Nobody gets up and leaves simply for tax rates. If they tell you that they are lying.

    And if you want to leave, then fine. Go. I’ve always been for people doing what makes them happy. I’ll likely be leaving in the next few years, but it will have nothing to do with taxes. In fact I’ll be moving someplace with a 33% tax rate on incomes above $70,000. Taxes don’t drive decisions in the singular.

    Comment by Demoralized Thursday, Mar 7, 19 @ 2:51 pm

  15. Sue, I’m glad you found in Andrew Cuomo the one Democrat you believe in. Interesting choice, though.

    https://www.bloomberg.com/news/articles/2018-07-23/trapped-in-new-york-salt-cap-haters-find-moving-isn-t-that-easy

    Comment by wordslinger Thursday, Mar 7, 19 @ 2:51 pm

  16. === Without guaranteed protections for middle class families, we are opposed to the governor’s $3.4 billion tax increase. ===

    Translation: We couldn’t come up with any intelligent excuse for opposing a decent plan.

    Comment by Norseman Thursday, Mar 7, 19 @ 2:53 pm

  17. Demoralized- actually your wrong just ask Gov Cuomo - paying another 30 K in nondeductible taxes is a great reason if you have the luxury

    Comment by Sue Thursday, Mar 7, 19 @ 2:54 pm

  18. =That is why Illinois Republicans stand united against the Pritzker-Madigan tax hike=

    Well, we see they are still using the same people that were in charge of messaging from 2014-2018.

    =Anonymous- not screaming- just pointing out that Pritzker claimed in exchange for the new program the vast majority get breaks. Think most people don’t consider saving $125 or $200 to be meaningful and the rest get another 60 percent or more increase on top of the 60 percent we got 2 years ago.=

    A tax break is a tax break no matter how much it is. And pretty rich of you to way hyperbolic with the whole “60 percent on top of 60 percent” screed.

    The Flat tax went from 3.25 to 4.95 or 1.7 percentage points which is more like 52% and not 60. If you are going to get into hyperbole at least try to be accurate.

    On a side note, I recommend Two Men and a Truck. reasonable rates and good service for penny conscious folks like you.

    Comment by JS Mill Thursday, Mar 7, 19 @ 2:54 pm

  19. People need to accept this. I mean Pritzker ran on this very thing. Made it a big part of his campaign. He won. Bigly. This is how democracy works.

    Comment by Henry Francis Thursday, Mar 7, 19 @ 2:54 pm

  20. ==actually your wrong==

    Whatever you say. I disagree.

    Comment by Demoralized Thursday, Mar 7, 19 @ 2:55 pm

  21. The ILGOP Motto- “If people reject your plan on a massive scale just yell it louder, because someone will hear you..right?”

    Comment by JS Mill Thursday, Mar 7, 19 @ 2:56 pm

  22. ==just yell it louder==

    We just had a Governor who did that didn’t we? He thought if he yelled it enough times it would work.

    Comment by Demoralized Thursday, Mar 7, 19 @ 2:59 pm

  23. It’s my guess a capital bill will be put on ice until the Governor’s progressive income tax proposal plays out.

    Comment by GA Watcher Thursday, Mar 7, 19 @ 2:59 pm

  24. Sue, lashing out in anger won’t persuade anyone.

    Comment by Anonymous Thursday, Mar 7, 19 @ 3:05 pm

  25. We shouldn’t be punish married couples. This is not a Fair Tax.

    This is a Marriage Tax.

    Comment by Mike Thursday, Mar 7, 19 @ 3:07 pm

  26. I don’t understand the complaints about this being unfair to married couples, can someone explain?

    Comment by Anonymous Thursday, Mar 7, 19 @ 3:11 pm

  27. I love the hypocrisy, when the Republicans institute a tax change that results a small tax break for most people it’s a meaningless number but when the Dems do it in Illinois then it’s fairer taxing.

    Comment by NeverPoliticallyCorrect Thursday, Mar 7, 19 @ 3:15 pm

  28. Starer rates.

    Comment by Anonymous Thursday, Mar 7, 19 @ 3:19 pm

  29. I do not understand why we as republicans fought this in an inane way saying things like those making $11k will be taxed and we care about the middle class. Then, when that is all false people like sue say it does not matter as it is too small a decrease.

    Why not say with trumps tax decreases and these negligible increases, we can become a better state as long as we spend it wisely and not increase spending?

    Further, I’m surprised sues argument was not something like this is good but once the flat tax is gone by approving this, then the rates can become insanely unfair amounts in the future.

    It is so hard to be an HW Bush republican in this state.

    Comment by Confusion is my state Thursday, Mar 7, 19 @ 3:21 pm

  30. NeverPoliticallyCorrect - maybe that is because the federal cut is temporary for most and both permanent and bigger for the rich, all while blowing up the deficit.

    Comment by Anonymous Thursday, Mar 7, 19 @ 3:22 pm

  31. Anonymous at 311 - there are some people, with vested monetary interest, who do not want to pay more for schools, roads, etc. They will say and do anything to prevent 97% of Illinoisans from receiving a tax cut while also funding our public services. That’s the reason.

    Comment by Anonymous Thursday, Mar 7, 19 @ 3:22 pm

  32. –This is enough for me to head south which I am sure will make you happy but if enough of us go you and yours will be toast–

    You’re not retired? Because retired income isn’t subject to income tax.

    But as one of the little people, I salute patricians like yourself for the years of thankless noblesse oblige.

    I guess we’ll all have to muddle through, somehow.

    Comment by wordslinger Thursday, Mar 7, 19 @ 3:26 pm

  33. ===Nobody gets up and leaves simply for tax rates===

    Property taxes, however, are a huge issue. They’re not based on the ability to pay and they can make staying put simply unaffordable. They also inhibit business recruitment.

    Comment by Rich Miller Thursday, Mar 7, 19 @ 3:29 pm

  34. ==This is a Marriage Tax.==

    There’s your opposition’s tag line.

    ==On a side note, I recommend Two Men and a Truck.==

    A bit misogynistic, no?

    Comment by City Zen Thursday, Mar 7, 19 @ 3:35 pm

  35. ===I don’t understand the complaints about this being unfair to married couples===

    I don’t either. There is currently no Illinois discount for couples filing jointly.

    Comment by Rich Miller Thursday, Mar 7, 19 @ 3:36 pm

  36. ==Nobody gets up and leaves simply for tax rates.==

    So they’re trapped? Fantastic, tax ‘em more.

    To get up and leave, one must first be here.

    Comment by City Zen Thursday, Mar 7, 19 @ 3:38 pm

  37. All I am saying is. Many of us that are in the suburbs are getting slammed. Wether my rate goes up or not, I’d like to hear something solid that says NO new spending. And actually a cut across the board. If we’re going to be serious finally, let’s be honest, we all need pain. Also, small businesses that file as most do, this just doubled right?

    Comment by Fighter of Foo Thursday, Mar 7, 19 @ 3:41 pm

  38. ===let’s be honest, we all need pain===

    Tell that to the kids under DCFS care.

    Comment by Rich Miller Thursday, Mar 7, 19 @ 3:44 pm

  39. “and fight to make the wealthy
    Pay their fair Share”

    Don’t they pay the same rate as you…? Just more total dollars?

    Comment by Liandro Thursday, Mar 7, 19 @ 3:49 pm

  40. $1 million net income will cost $79,500 in Illinois state taxes. That same amount will cover the mortgage payments on a $1.2 million home in Cape Coral, FL.

    Those are the type of calculations that anyone making over $250k/year will now start considering.

    Comment by Downstate Thursday, Mar 7, 19 @ 3:49 pm

  41. ==Unless they are certain they can stop this dead in its tracks, I think it’s a big mistake on their part.==

    Rich, I whole-heartedly agree. The opposition should be bargaining for more gives in the graduated tax structure. That allows them to take the stance of:

    “Folks, we tried to work with the governor on the graduated tax plan, we asked for the protections and guarantees we believe are necessary to offer stability and protection to all working families, but the Dems were not willing to bargain. This is why we cannot and will not endorse this plan, and urge you to reject it as well.”

    Comment by City Zen Thursday, Mar 7, 19 @ 3:52 pm

  42. More than a few wealthy people will try and dodge the tax by maintaining a condo in Florida. The Illinois Department of Revenue will probably have to open an office down there to monitor some people.

    Comment by Steve Thursday, Mar 7, 19 @ 4:01 pm

  43. ===let’s be honest, we all need pain===
    =Tell that to the kids under DCFS care.=
    And crumbling overpasses.

    Comment by Skeptic Thursday, Mar 7, 19 @ 4:02 pm

  44. Rich,

    A flat tax doesn’t need filing statuses for married and single because it’s all the same tax rate. If a husband and wife both make $500k, it doesn’t matter if they file married or single.

    But with this millionaire surcharge, that couple will have their entire $1M income taxed at 7.95%.

    That’s a marriage penalty. A Marriage Tax.

    The husband and wife have a penalty of a flat 7.95% tax rate on all income because they filed together. If they divorced and filed they would have the marginal rates for $500k.

    Comment by Mike Thursday, Mar 7, 19 @ 4:20 pm

  45. ==A Marriage Tax==

    Once again, that’s your opposition’s tag line. Are they smart enough to run with it?

    Comment by City Zen Thursday, Mar 7, 19 @ 4:28 pm

  46. ==So they’re trapped?==

    I didn’t say that now did I? Re-read what I said and actually comprehend it this time.

    Comment by Demoralized Thursday, Mar 7, 19 @ 4:36 pm

  47. ==Don’t they pay the same rate as you==

    That’s the problem. Someone making $1 million shouldn’t pay the same percentage as someone making $50,000. The rate affects the latter negatively far more than the former.

    Comment by Demoralized Thursday, Mar 7, 19 @ 4:38 pm

  48. What has happened to the ILGOP? I remember a time when I supported a lot of Republicans in this state. This past election was a referendum on issues like minimum wage and a progressive tax. The big business interests lost big this past November and the Incumbent Governor who represented them lost by a landslide of historical proportions. The progressive tax is good for lower and middle class tax payers but it’s obvious by the GOP response that they are no longer a priority to them any more. The party needs a major overhaul but I just don’t see who can step forward and lead the party out of the darkness.
    Wouldn’t it be something if Tim Schneider or any Republican member in the Legislature would submit a comprehensive plan to balance our budget and pay down the backlog of our bills using our current income tax rate? Pritzker has submitted a plan and the GOP opposes it. If you don’t like it submit a plan of your own that the public can scrutinize.

    Comment by The Dude Abides Thursday, Mar 7, 19 @ 4:42 pm

  49. Rich hits the nail on the head- the trade off here in accepting out outrageous property taxes has always been our relatively low income tax. Income tax rates at 5 are now about average but raising them to 8 while we have the highest property taxes in the country( or second highest depending on your county)will bs the tipping point for. Substantial number of us. It’s not like the quality of life infrastructure etc is keeping folks here. Inertia is overcome for 30 K plus a year in extra tax wxpenses

    Comment by Sue Thursday, Mar 7, 19 @ 5:00 pm

  50. Steve IDOR already has an office in Florida.

    Comment by Whizbang Thursday, Mar 7, 19 @ 5:08 pm

  51. –$1 million net income will cost $79,500 in Illinois state taxes. That same amount will cover the mortgage payments on a $1.2 million home in Cape Coral, FL.–

    So there’s some guarantee you’ll net $1 million a year in Cape Coral?

    Comment by wordslinger Thursday, Mar 7, 19 @ 5:13 pm

  52. =$1 million net income will cost $79,500 in Illinois state taxes. That same amount will cover the mortgage payments on a $1.2 million home in Cape Coral, FL.

    Those are the type of calculations that anyone making over $250k/year will now start considering.=

    Quick, somebody call Minnesota and check to see if all of the millionaires have left, or are the holes up in one of the famous Minnesota beach resorts?

    =A bit misogynistic no?=

    No. It is the name of a moving company. And a good one. Lighten up Francis.

    Comment by JS Mill Thursday, Mar 7, 19 @ 5:28 pm

  53. Ah, so the “marriage penalty” is only for those in the millionaire’s club? Pardon me while I wipe away these crocodile tears.

    Comment by Anonymous Thursday, Mar 7, 19 @ 6:09 pm

  54. Fighter of Foo - Higher Ed is at 50% of what it was in 2000, and you think another 10% cut is okay? No, pay up and shut up.

    Comment by Anonymous Thursday, Mar 7, 19 @ 6:27 pm

  55. The same Tim Schneider that sold his golf course to the Cook County Forest Preserve while he was on the Cook County Board.

    Comment by A 400lb. Guy on a bed Thursday, Mar 7, 19 @ 6:31 pm

  56. If only I could remove some toilets and put my vast fortunes off shore. The middle class will end up paying. We always do.

    Comment by Fighter of Foo Thursday, Mar 7, 19 @ 6:40 pm

  57. I wouldn’t mind if some of the whiners with no concern for the common good left the State.

    Comment by Anonymous Thursday, Mar 7, 19 @ 6:40 pm

  58. I have known people who moved to reduce their tax burden. Doubt it was the only reason, but it swung the decision. But those were at 10% rates.

    I don’t think this tax rate will move many people. Property taxes and weather are more likely to drive people out.

    Comment by Last Bull Moose Thursday, Mar 7, 19 @ 8:21 pm

  59. Tim”that is why Illinois republicans stand united against pritzker-madigan tax hike”. You would take a stand before a seat

    Comment by Rabid Thursday, Mar 7, 19 @ 8:57 pm

  60. == The middle class will end up paying. We always do. ==

    Simple math, more middle class than wealthy. At least this approach will place a bit more burden on the wealthy.

    Comment by RNUG Thursday, Mar 7, 19 @ 8:58 pm

  61. $1 mill income pays $79,500
    $921,000 left

    Gee I wish I had that problem

    Comment by Anonymous Thursday, Mar 7, 19 @ 9:09 pm

  62. Anonymous- hope your wish comes to fruition and then your rates will go up too.

    Comment by Sue Thursday, Mar 7, 19 @ 9:55 pm

  63. Me too

    I can live quite niceley on a yearly income of 920k

    Comment by Anonymous Friday, Mar 8, 19 @ 5:24 am

  64. So ….
    A millionaire 1000000. Currently pays 49,500. But with jb new plan they would pay 79,500

    The millionaire will pay 30k more.

    And they want to complain about that. Wow

    Comment by Pet peeve Friday, Mar 8, 19 @ 7:46 am

  65. –The GOP opposition is simply saying “100 percent no.” You don’t get a seat at the bargaining table if you aren’t willing to bargain. Unless they are certain they can stop this dead in its tracks, I think it’s a big mistake on their part.–

    It could be more personal politics than policy.

    The last four years, Rauner was virtually the sole underwriter of the ILGOP. I doubt he’ll be writing more checks for them.

    During that time, the old GOP funder networks withered. They need to find new money quickly.

    The most likely prospects for big money in a hurry are Griff, Ricketts and Uiehlein. If those guys are pushing no compromise, so will the GOP GA caucuses.

    Comment by wordslinger Friday, Mar 8, 19 @ 8:23 am

  66. Anonymous - 1 million looks something more like

    1million - 335,687.88 Federal- 79,500 State - 15,000 Property - $44,922 FICA and Medicare = $524,891 or an effective rate of nearly 48%.

    Ask yourself this, if you are paying nearly half a million in taxes. Are you happy with the services you are being provided, and are you being represented for your contributions?

    Comment by jk Friday, Mar 8, 19 @ 9:02 am

  67. 15000 I. Property taxes. Must be o ne heck of a house

    Still net over 500k. No tears for you here

    How about this.
    Any millionaire that is so fed up with taxes
    Quit your day job
    Find a job that pays around 100k
    Your % will be less so can feel better about paying less in taxes
    But in return. U get to live off of approx 60k. Instead of 500 k

    Comment by Anonymous Friday, Mar 8, 19 @ 9:14 am

  68. Anonymous…and only 17% of that tax burden is for the state. Feel better now?

    Comment by Jibba Friday, Mar 8, 19 @ 9:24 am

  69. Anonymous - If you make a 1 million a year I am assuming you are living in a 750k+ home, taxes would be $15k+ a year.

    Also why on earth would someone who worked their tail off to acquire the skill or talent to make 1 million a year accept anything but the fair market value of their talent and skill.Trust me I am not crying for them. My argument is that the imposed tax and our current tax structure federally is unfair. Many of the high income earners make to much to qualify for many if any of the services they pay for. The governor is basically saying that the 97% of people have the power to impose additional tax burdens on the top 3%. Charging them more for services that disproportionately benefit the bottom 50% of earners.

    Comment by jk Friday, Mar 8, 19 @ 9:35 am

  70. ===basically saying that the 97% of people have the power to impose additional tax burdens on the top 3%===

    He’s not basically saying it, he is saying it and that’s how numbers work in a democratic republic. You think the rich should have some sort of legislative veto power?

    Comment by Rich Miller Friday, Mar 8, 19 @ 9:46 am

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