2018 Jan 30, 7:35am
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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?
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.
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
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.
and New Jersey, not far behind.
Illinois, and California in a nutshell.
OH is not bad-just the toll roads are a killer.
The only toll road that I am aware of is the Ohio Turnpike. It was cheap to use as well with an EZ pass. Chicago has toll roads all over the place. I commuted between Ohio and Chicago for a few years and there is only one complaint from me about Ohio. They enforce the speed limits so you had better not get caught speeding.
I just moved back to the DFW area and it reminds me of Shitcago. I think Dallas is just the "Chicago" of Texas. Dallas is also in trouble with pensions.
I can't even imagine the tv, radio, phone calls, etc
WookieMan says I can't even imagine the tv, radio, phone calls, etcI don't mind these ads. I get bored with the drug commercials and the political attack ads are a welcome distraction from the usual shit on TV.
'm looking more at AZ, CO, WY, MT, UT, TN, SC, NC and maybe GA north of Atlanta closer to the Smokies. I like weed so CO would probably be number 1 on my list right now.
CO is very expensive now though-looked into it
https://www.zerohedge.com/news/2018-02-01/its-baaaaack-illinois-privilege-tax-bill Illinois Democrats are pushing again for passage of the “privilege tax”
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