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Oh he also is campaigning on the first state to have universal healthcare
How did it get to this point? I haven't spent lots of time in Illinois (maybe a week in Chicago total), but why did you guys give up financial solvency to the Democrats?
Oh he also is campaigning on the first state to have universal healthcare-pray tell where is he going to get the money and he supports illegals . Democrats-why, oh why?????
Oh he also is campaigning on the first state to have universal healthcare-pray tell where is he going to get the money and he supports illegals . Democrats-why, oh why?????
Experts at this recent pension workshop estimate it’s closer to 60 percent and growing
The amount of misinformation on this thread is mind boggling.
IL really should have been split in half as a northern section and southern section. The southern section operating more like a Iowa or Indiana. And then the northern section operates more like a NYC, CA, NJ high population area. This of course will never happen and didn't happen. And both sides will blame each other for the states problems which isn't solving anything either.
I honestly think if IL had split into two states a while back, things would be completely different. But, here we are as one. I'm not seeing a good ending here. Fortunately I can cut and run whenever I want for the most part.
Sneaky one. I missed this. Explain?
These two types of lifestyles and living should never have the other side dictating how each other should live, be taxed, etc. A farmer is never going to have any knowledge on how a urban area is run and the same is true of the city dweller telling a farmer how to live. Yet that's what we have in IL. We have John Doe state rep in Effingham, IL that has to get on the same page and legislate with Jill Doe from the south side of Chicago. I think most of us can agree that's not the smartest arrangement.
Mostly all the typical Dem bashing from the usual suspects. The problems in IL are big and both parties are to blame. And, if you want to complain about property taxes, then look at your local politicians, not at the State or Federal levels.
I never gave the Republicans a pass in IL
My income tax was more my issue. It will be the reason I likely leave the state in the next 5-10 years. I can live in a smaller house and be happy to avoid the local property taxes. I can't make less money and be happy. I will only make more money and it's an inevitability that my state income taxes will double at a minimum.
Income tax in IL hasn't really been that high. But, you're right that it may be going up with all the obligations.
Nor was I including you in the typical suspects.
I don't think the usual suspects here at Patnet really understand IL.
I'm not sure what there is to understand that you haven't presented and what most here (I assume) know.
- Democrat super majority continually increases individual tax burden.
We can start with misunderstanding where the high tax burden in IL comes from. The State Legislature does not set property taxes.
@Goran_k Just your opinion or does Cali have this same clause in its constitution? Also is Cali facing similar shortfalls to funding its retirement benefits?
Facts? Proof?
We can start with misunderstanding where the high tax burden in IL comes from. The State Legislature does not set property taxes.
This state is horrible and has little redeeming qualities. I will never support a Federal Bailout for this state that is too fucking stupid to govern themselves. How about this idea? If they go bankrupt and go into receivership to the Federal Government, they become a territory of the USA and lose ALL representation in Washington DC. No senators, no representatives and no ability to become a state for many years. If they want to become a state again, they would have to pay back all monies used to bail them out.
Wookie is complaining about income tax. Who sets that?
You are completely right on this. It's not that bad on an income tax basis.
IL really should have been split in half as a northern section and southern section. The southern section operating more like a Iowa or Indiana.
e can start with misunderstanding where the high tax burden in IL comes from. The State Legislature does not set property taxes.
Is he?
This is another reason I hate the back and forth on Trump. In the next 3 or 7 years if Trump is elected again, he will not even remotely have as much impact on my finances as my state legislative branch does. Next stop on the IL tax train is double digit income taxes. That will literally cost me $10k+ if we go 10% plus on IL income taxes. This is a when not if conversation.
Goran_K saysWookie is complaining about income tax. Who sets that?
Is he?
WookieMan saysYou are completely right on this. It's not that bad on an income tax basis.
As someone who has lived in IL, I can tell you that property taxes and sales taxes are high. Income taxes are low to average
When do voters wake up and say I can't take it no more?? I am not paying 15k a year for a 300-500k house with no end in sight.
There is no magic pill for IL problems. It's just no one is bringing any ideas to the table that I've heard. Just a lot of fighting and finger pointing.
What moron is going to buy these bonds?
Unfortunately morons looking for double digit returns that likely won't get paid back. Probably CALPERS? Is that the correct acronym for what I think it is that I'm trying to make a bad joke about?
WookieMan saysUnfortunately morons looking for double digit returns that likely won't get paid back. Probably CALPERS? Is that the correct acronym for what I think it is that I'm trying to make a bad joke about?
Brilliant idea! Just have the insolvent states buy each other's debt. They could do this by kiting checks between themselves for a few years. Think of it as a massive circle that ends where all the participants simultaneously pivot to the left and insert their penis into the ass of the state next to them. State sanctioned sodomy at it's finest!
I'm on board with the sarcasm, hence my comment. But let's all be honest here, isn't this what is actually going on? Again, I dig the comment, but when does this not become funny anymore? For me in IL the chickens are coming home to roost. I literally have a contingency plan to move out of this state. I'm not kidding at all. Why should I need to do this? Oh wait, borrowing $100B will fix this.
I feel empathy for you but Illinois is not my problem.
Hell you may not be able to give the house away when the massive exodus is at its peak
Look at states like Ohio that have low property taxes and a moderate income tax
What moron is going to buy these bonds?
Illinois citizens are going to get raped in higher taxes, your services (infrastructure, education, welfare spending) will be cut, and bond holders are going to lose. But the pain can be alleviated somewhat if the government employees, Democrat politicians/judges and their unions agree to some pension reform.
Why is Ohio your least favorite state? I think that it is a very good state to live in.
My income tax is reasonable ~5%. My property taxes are low at about $2600 per year for a house that cost me $300 k to build. The sales tax is about 6%.
Ohio is also a state that respects civil rights.
The only thing that sucks are the winters. The summers however more than make up for it
Margaret Thatcher — 'The problem with socialism is that you eventually run out of other people's money.'
Illinois, and California in a nutshell.
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If this goes down, we might see our first bankrupt state in our country. I don't get how they expect to produce income on the spread of the borrowed money vs. what they invest. IL already basically borrows at some of the highest rates in the country for a government body.
This is literally the equivalent of taking a cash advance on your credit card at 20% interest and then expecting returns of 30%. There's almost no scenario where this works out of IL citizens or the bond holders.
This is another reason I hate the back and forth on Trump. In the next 3 or 7 years if Trump is elected again, he will not even remotely have as much impact on my finances as my state legislative branch does. Next stop on the IL tax train is double digit income taxes. That will literally cost me $10k+ if we go 10% plus on IL income taxes. This is a when not if conversation. Thank god if it gets bad enough I can easily leave.