Illinois Lawmakers Approve 66% Tax Hike...In real numbers, if your gross income is $50,000 a year, your state income taxes will rise from $1,500 to $2,500 a year. [More]It's obvious from who they elected they did not get the message from the November elections.
It does explain why they want to keep their stockyard chattel dehorned, though, does it not?
A talk radio host said yesterday that many cities and states will end up doing this. Punishing their residents for their own waste and malfeasance. Those who can afford to leave, will, including businesses, taking their tax revenue and jobs with them. The federal government will be called on to bail the cities and states out to keep basic services running. Billions and billions of dollars. We'll all pay, possibly with higher federal taxes. Certainly with a lower standard of living.
ReplyDeleteCertainly a reason to want a monopoly on coercive force nationwide. They don't even like us GRIPING.
Yeah but think of all the wonderful goods and services people get in return!
ReplyDeleteThe Wall Street Journal Report on radio said today that the 2010 business and investment climate "looks like butt."
ReplyDeleteI am not kidding you.