Wednesday, January 12, 2011

Illinois raising personal income tax 66%

This is a raise from 3% to 5%.

Illinois lawmakers have approved a politically risky 66 percent income tax increase in an effort to solve a historic budget crisis.
The bill now goes to Democratic Gov. Pat Quinn, who supports the plan.

Hawaii is and has been 8.25% which is absurd given the bureaucratic and low levels of service provided.  The goal for many people in Hawaii is to get a government job, then you are all set for life.

More of these type of direct taxes and hidden taxes coming.

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Insightful and Useful Comment!