Illinois overtaking California!

[Ben Kenobi]

In the bankruptcy sweepstakes...

http://www.zerohedge.com/news/2017-0...rnor-vows-veto

The best thing is that Ming and rah's taxes went up 32 percent this year! Go Ming and rah!

It is unclear if the passed tax increase will be sufficient to placate S&P. Recall July 1 was the date when the credit agencies said they would drop the state to “junk” status without a budget. Ultimately, the fate of Illinois' credit rating is now in the hands of Rauner, and whether and how fast his imminent veto is overridden.

Ultimately, Illinois faces a lose-lose dilemma: get junked and see its funding costs soar, or save its lowest possible investment grade rating, and watch as what is already the worst metropolitan exodus (recently the population of Chicago shrank the most of any US city), go into overdrive as tens of thousands more scramble to escape the state's soaring tax rates.

Can you say "death spiral"?

[Ben Kenobi]

https://taxfoundation.org/state-individual-income-tax-rates-brackets-2017/

Here's a great chart to show you were not to live. See that big zero? You don't want to live in those places. They are hellholes. The bigger the number the better! That's why you want that 13.3 percent!

[-Jrabbit]

Troll.

[Uncle Sparky]

https://taxfoundation.org/state-indi...brackets-2017/

.... See that big zero? ...

Yes, I do... and may I be the first to welcome you back...

[Berzerker]

according to the chart, Illinois had the lowest rate of the states taxing income if it saw a %32 increase this year

they're still among the lowest and they have a flat rate, hell, they're lower than the rate here and we have Mr Conservative Sam Brownback in charge

here's the thing about taxes, in Topeka our streets kinda suck and infrastructure seems poor but Lawrence - home of KU - probably has more tax money for stuff like that and it shows. Better roads, nicer recreational facilities, etc etc. I dont mind paying slightly higher taxes when it translates into a better place to live. Sure is better than paying more to the Feds.

good to cya again, Ben

[Ben Kenobi]

according to the chart, Illinois had the lowest rate of the states taxing income if it saw a %32 increase this year

Shame on you Berz. Don't you know that big numbers are better? 13.3! No wonder California is a paradise.

they're still among the lowest and they have a flat rate, hell, they're lower than the rate here and we have Mr Conservative Sam Brownback in charge

You don't have 32 billion dollars of unpaid debt and your bonds aren't junk either.

[Berzerker]

sounds like Illinois needs to raise them taxes more or stop spending so much

[Ben Kenobi]

sounds like Illinois needs to raise them taxes more or stop spending so much

What are you, some kinda libertarian? You probably keep a copy of Rand right next to you at all times.

[Jon Miller]

Looks like Illinois is near the bottom

http://www.kff.org/other/state-indicator/per-capita-state-spending/?currentTimeframe=0&sortModel=%7B%22colId%22:%22Per%20Capita%20State%20Spending%22,%22sort%22:%22desc%22%7D

So probably Illinois needs to raise taxes.

JM

[Proteus_MST]

Perhaps Mister Trump (and his conservatives) should look to Illinois in order to see, how (not) well lower taxes work ...
when it comes to the expectations of the Trumpists (low taxes -> more investing in economy -> more jobs and wealth for all), Illinois should be the powerhouse of the USA

[Jon Miller]

https://ballotpedia.org/Illinois_state_budget_and_finances

From here it seems like Illinois raises a little more than the average state but receives a bit more than that less from the Federal government than the normal state.

JM\

[rah]

The democrats have spent decades mismanaging the state. Of course the Republicans have been the dimwitted accomplices. We need term limits and independent redistricting. Screw all politicians because they certainly have screwed up the state.

[Ben Kenobi]

Amen, rah. Amen.

[ZEE]

I am placing a poast here to say hi to Ben Kenobi.

I know you think I am a devil-worshipper, but doing research i discovered that Ba'al Worship is actually older than YHWH, and he is not a demon the Jews just changed his name.

But not to thradejack.

[Ben Kenobi]

That would not surprise me. Ba'al worship was in Israel before the Jews.