gobaseline
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RE: Amtrak. Add's injury to death.
(06-05-2015 03:49 PM)Policiious Wrote: Before you get all jacked up about leaving Illinois for Wisky; know that they have sales taxes, liquor taxes, vehicle taxes, property taxes (which I've heard are high) and an income with a rate floor of 4% (starting at incomes of only $14800(married) or 11k Single up to a ceiling of 7.65% for married couples at $325K or single at $244K. Plus the marriage exemption is only 1400 and only 700 per dependent vs 4000 marriage exemption and 2000 per dependent in Illinois
If you're upper income you can pay double the income tax rate.
As much as Conservatives and Repubs about taxes, several states with the highest income taxes have Repub governors
Alabama's is 5% on any income greater than your exemptions
Arky's top tax rate is 6.9% on income above 35K plus exemption credits of 52 for married and 26 per dependent
Georgia's top rate is 6% on incomes above 10K plus exemptions
Idaho's top rate is 7.5% on incomes above only 10,750 plus exemptions
KY's top rate is 6% on incomes above 75000 plus exemptions
Lousyiana's top rate is 6% on incomes above only 50K plus exemptions
Nebraska's top rate is 6.84 on incomes above 39460 plus exemption credits
South Caroiina's top tax rate of 7% applies to all income above 14550 after exemptions
When your income tax bill is double or nearly double 3.75, the other taxes have to be very small to make up the difference.
Polly, your missing the point.
I understand taxes are necessary. We all benefit from some of it.
The issue is and continues to be the waste, the graft and corruption resulting in excess.
A states "income tax" will ebb and flow over time. It is only a slice of the pie. Illinois has, is and continues to layer additional taxes and taxing entities into the equation. No attempt to be fair, a good steward of others resources or be efficient. It is a spigot that runs like a full on fire hose 24/7 365. It allows Pols to kick the can down the road, makes others unwittingly dependent and the policy makers are not personally accountable.
I'd like to share your enthusiasm but the facts don't merit it. Instead I suggest you curb yours and contribute to the solution. Greater efficiency of resources available so the aggregate of resources "required" can be reduced being put back into the pockets of those who had worked hard for it. What is wrong with that?
(This post was last modified: 06-05-2015 06:13 PM by gobaseline.)
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06-05-2015 06:09 PM |
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