Home Illinois News Graduated tax in progressive Democrats’ ‘vision’ for state – News-Gazette Graduated tax in progressive Democrats' 'vision' for state - News-Gazette March 30, 2017 3 Share on Facebook Tweet on Twitter ShareTwitterEmailPrintGoogleFacebook Read Article Sort by: newest | oldest nixitProgressive doesn’t have to mean higher. Last I checked, Ohio’s progressive state income tax rate is even with IL’s 3.75% flat rate up to $150,000 and tops out at 5%. Has Harmon and gang proposed a similar structure? And would they agree to commit to it for 10 years minimum? The problem with a progressive tax structure is that it allows politicians to play with the brackets so they can back into their revenue numbers. No thanks. They are going to zero in on the $80,000 and up crowd. 3 months 26 days agoWirepointsHarmon referred to his earlier claims that the bottom 94% would actually get a tax cut, which is probably about your $80k. He’s nuts. The resulting bill for the top 6% would be astronomical. I will be writing about that. 3 months 26 days agonixitWait, he’s back on that “94% get a tax cut” kick again?! That phony number is from his 2014 tax plan that was based on the expiring 5% rate (see: http://bit.ly/2nBLU9o ). If you look at total tax returns filed by income level, the cutoff for that 94% threshold is $150,000. If his new plan is based on the current 3.75% rate (doubtful), then I can only imagine how steep the jump will be beyond that cutoff. We’d need to know his target revenue number to figure that out. BTW, the 6% of the tax filers earning above $150,000 account for 45% of the total individual income… Read more »3 months 25 days ago wpDiscuz Recent Wirepoints Originals Education Funding Bill is a Monstrosity of Unknown Proportions – Wirepoints Original July 25, 2017 Shame on everybody who has let SB1 get as far along as it has with such little understanding, Republicans and Democrats alike. Rauner’s New Staff, Extremism and the Stockholm Syndrome – Wirepoints Original July 20, 2017 That which can't pass the establishment in the General Assembly and its enablers in the press is "too radical" for Illinois. The Importance of Being Scared (in Illinois) – WP Original July 12, 2017 "If you are protected from dark things then you have no protection of, knowledge of, or understanding of dark things when they show up.” New Financial Statements: Cook County Bleeding Red Worse Than Ever – Wirepoints Original July 11, 2017 And check out the ten-year record of huge losses. Outrageous Giveaway to Muni Bond Buyers Hidden in Massive Budget Bill – Wirepoints Original July 11, 2017 We are being looted. The muni bond industry is going all out to keep raising the credit card limit and sucking every ounce of blood out to ensure it gets repaid. The Many Ways Illinoisans Won’t Pay Higher Taxes – Wirepoints Original July 6, 2017 It's not just that people are moving out. Progress for Illinois? Here’s a Small Hint. – Wirepoints Original July 6, 2017 Read this and guess where it's from. Most House Members Don’t Know What’s in the $36 Billion Spending Bill Passed – Wirepoints Original July 3, 2017 "We have no idea what's in it." - House Minority Leader Jim Durkin With All Reforms Now Off the Table, Illinois Faces Disaster No Matter What – WP Original July 2, 2017 Illinois has a financial crisis, not a budget crisis.