Showing posts with label tax policy. Show all posts
Showing posts with label tax policy. Show all posts

Tuesday, June 23, 2009

The FB comments that got me into trouble

Gov. Pat Quinn's proposed income tax increase/money grab: The proposal is that Illinois' state income tax be raised from its current 3 percent, where it has been since Gov. "Big" Jim Thompson raised it in the late 80's or early 90's, to 4.5 percent. This represents a 50 percent increase in the income tax. By law in Illinois, the income tax is flat, not graduated. All residents pay the same rate regardless of income. The governor has floated the idea of a larger personal deduction to help low-income families.

Here is what I wrote in the comments section of a couple of Friends' FB pages that caused them to Remove me as a Friend:

The last thing this state needs is another massive tax increase. As I told my friend, who works in a state-funded facility, simply beating the drum for a tax increase ignores the reality that a tax increase reduces consumer spending, depresses income and scares business away from the state. Furthermore, additional revenue doesn't solve this state's funding problems. It just allows our spend-happy legislators to spend more of our hard-earned money on their pet projects. Over the past 20 years, our legislators have spent OUR money at twice the rate of inflation. If they had kept their spending just to inflation, we would probably either have a balanced budget or a surplus. The legislature never says "no" to a tax increase, so you'll probably win this one. I feel like the madness needs to stop. Numerous non-profit groups have made legitimate suggestions about relatively painless budget cuts the state could make without jeopardizing programmes like yours. Gov. Quinn won't acknowledge such options. For him, it's all about hurting kids and seniors. (And he won't make seniors pay for cta rides, either.) If you think they're suffering financially now, wait until that 50% income tax increase flies through the legislature. Do you really think working-class people can afford another one-and-a-half points sucked from their income by the greedy bastards who represent us in the legislature? (And that means, you, Ira Silverstein, you self-righteous taxaholic bastard.) The long-run consequence of tax increases is jobs and people moving out of Illinois. I can't imagine starting a business in Illinois, let alone Chicago. The tax burden is already too high.

A screed full of personal attacks, profanity, vituperation and nastiness, as you can see.

Thursday, November 13, 2008

Cook County's obscene and disgusting tax rate

It is a strategic mistake to walk willingly into a policy debate with a master debater, political genius, American University alumnus, Democratic policy wonk, and former senior class president like, say, Matt DeLeon. However, I felt Matt’s comment about my intent to shop out of state deserved more than a one-line clever comeback.

Matt's comment:
Can't have reform without revenue. Just ask the new Health Board, which submitted a budget that is $40 million more than last year's.

And be honest--what other taxes have been raised by Cook County other than the sales tax?

And when was the last time the sales tax was raised?

How about never, since its inception--in 1992.

When was the last time your Cook County share of property taxes was raised? Try 1996.

Maybe it isn't Stroger?

Better hurry on that out of state shopping--other governments are raising their sales tax now, as well.


Matt,
I can't disagree with you more on tax policy. I feel like “Toddler” Stroger rammed through his tax increase just to hire more of his friends and relatives to numerous high-paying jobs under his control. What else would he do with an extra $192 mil (in the black)? Oh, hire another 1000 workers. I read a whole list of tax-free revenue adjustments in a Tribune editorial of which Stroger could have taken advantage to avoid a tax increase, suggested by a Cook County Board member. Sales taxes are regressive and hurt low-income families more than anyone else. Why are sales taxes here the highest in the country, Matt? Do we deserve that? The rate increased 133 percent, from 0.75 to 1.25 percent. That’s excessive, egregious and outrageous—and smaller than what Toddler wanted! Okay, so it had been at the same rate for 15 years, but my tax philosophy is different from yours: I don’t think it should ever be raised. In fact, I’d like to see a tax cut, thank you very much. Toddler is going to lie low about tax increases until his 2010 reelection, and then he’ll announce another tax hike, to 1.75 or 2 percent. No, I really think it is Stroger and his yes-men underlings. I was horrified by his 2006 election that convinced me more than ever the voters here absolutely love big government and higher taxes. (Not to mention nepotism and replacing one taxaholic—John—for another.) Are the schools any better? Is Stroger Hospital any better? In Chicago, Cook County and Illinois, I think taxes pay for more greed, corruption and stop signs.

I believe the Cook County entertainment tax (on movies, sports events, concerts and even non-profit theatre productions) is currently three percent, and yes, that was a recent increase.

Hamilton County in southwestern Ohio has a tax rate of 6.5 percent (including Ohio sales tax). Even if the City of Cincinnati tacks on an extra one percent (not sure about that), it’s a bargain for Chicagoans accustomed to paying 10.25 percent, plus a one percent penalty for eating out, plus a 0.25 percent penalty for eating out downtown, plus more for alcohol, plus more for soft drinks, plus 8 percent (city) and 3 percent (county) for entertainment tickets, etc., etc.

http://archives.chicagotribune.com/2008/mar/02/news/chi-countybudget-sundayfinalmar02