Tag Archives: Tax increase
The suicide of a Greek pharmacist has triggered reaction around the world, and has focused attention on the economic crisis in Greece and the European Union. However, it appears that many will take the wrong lesson from it. There will be calls for increased taxes and spending to “protect” citizens from such an end. That would be most foolish.
Dimitris Christoulas’ suicide in Athens this past Wednesday was both tragic and portentous, as many nations, including the United States, are following Greece down the same pathway toward insolvency. Mr. Christoulas sadly believed himself to be between a rock and a …
How did they vote?
Illinois lawmakers approved a 66 percent increase in the state’s income tax in the final hours of a lame duck session.
Despite tens of thousands of calls, emails, faxes and letters in opposition to increased taxes, our state legislators decided to raise the state’s personal income tax from the current 3 percent flat rate, to 5 percent and the corporate income tax rate from 4.8 percent to 7 percent.
The bill number is SB 2505.
In the Illinois House, our state representatives voted 60-57 in favor of this measure late Tuesday night. (The House needed …