Guess Who Was Lying?
It's crap like this that makes us wonder how anyone votes for Quinn in the first place We mean, everyone knew Quinn was lying when he said "temporary increase," right?
- Gov. Pat Quinn has done it once before, and he’ll be doing it again in 2014 as a Democratic incumbent campaigning as the lead cheerleader for a tax the vast majority of Illinoisans dislike.
Quinn’s announcement Wednesday that he intends to push for a permanent extension of a temporary income tax he enacted in 2011 represents a huge political Achilles’ heel for him in his campaign against Republican Bruce Rauner.
But will it be fatal?
Quinn's only saving grace at this point is he isn't Rauner, and that isn't much of a recommendation. In this anti-incumbent mood and with the president being a drag on every national race, is this enough to push blue state voters to either stay home or toss support to Rauner? Quinn is jacking up taxes and not even spending the money on propping up the bankrupt pensions. Rauner want to kill the system and won't have a compliant Legislature to roll back the "temporary" tax increase in any case.
Labels: state politics
posted by SCC at 12:04 AM
76 Comments:
He also said he would NOT tax pensions.
Are the governor's lies as big, as many, and affect as many people as our beloved president's out and out lies? Yet half the population of the U.S. still loves Obama and thinks he is doing a great job. They think he would be doing an even better job if it wasn't for George Bush lurking in the background.
Quinn will use every underhand trick in the book to retain power as witnessed by his bogus 2010 anti-violence initiative which used our tax dollars to pay off aldercreatures and reverends to gin up the vote in ghetto precincts. It is going to be ugly in 2014.
Haha!
Illinois sucks! There is No way to win!
Rand Paul 2016!
FLOP will Endorse Quinn
Screwed at every turn.
The idea to begin taxing our pensions by the state has reared it's ugly head again in Springfield. I do believe this will happen no matter who is governor. The more money that flows into Springfield the more the politicians piss away.
Every time the State of Illinois has increased the State Income Tax rate they have used the same exact method, temporary followed by making it permanent prior to the expiration of the temporary increase. Does no one remember? This always happens the same way. Back when they first started the State Income Tax, Ogilvie told people we needed it and he got it passed, he told the truth. It got passed and they voted him out of office. Too bad too because he was a good decent guy, for a politician.
Quinn is not doing anything new. At least Quinn is paying bills with the money and Quinn has always made the required pension contributions, unlike those before him.
I get it that people on CPD don't like Quinn, I am also CPD. However, we have to do what is in our own best interests and Bruce Rauner is NOT in our best interests. Not by any means. He is Rahms cohort, two lying bastard peas in a pod.
If Dillard won the primary I would work to get him elected. Not so with Rauner.
Sorry to say it but I will hold my nose and vote for Quinn because that looks like the best thing to do to save my pension. Rauner will be much worse, count on that.
Quinn understands what Blago and Ryan didn't comprehend---Madigan is the real governor.
Quinn does what any self-respecting government employee understands about their boss: he does what Madigan tells him, stays out of prison, and ends up with a pension.
http://www.chicagotribune.com/news/sns-rt-us-usa-northcarolina-mayor-arrest-20140326,0,3224074.story
......obviously he didn't go to the Richard M Daley classes about how to avoid being directly linked to corrupt practices!!!!
But still no money for pensions! Wonder who is less of 2 evils rauner or Quinn? This state is in such sad shape, if they mess with pensions that Rostenkowski stamp stealing pos bill that we only get 33% social security needs to be amended! many of us have the 40 quarters required to get full social security why not us? Cooperate America where they get matching 401k, pensions, and they get full social security why not us? We paid in get less, maybe Quinn can tell the illegals and the link card holders no more cash as they never paid in !
When Quinn ran for office last time, he ran on a pledge of "no new taxes".
Yet, just 60 days into office, Quinn announces the largest tax increase in Illinois history.
Not only did he establish himself as a bald-face liar, he also set the land speed record for broken campaign promises.
And now the jagoff wants to make the "temporary" increase permanent. Its for the children. And sheeit.
Rauner certainly is not perfect (vacations with the 9 digit midget; 'nuff said), but in this case, I think actually would prefer the devil I don't know over the devil I do know.
Sorry Governor-Broken-Promises, the people of Illinois just aint buying your bullshit anymore.
GFY!
I'm very conservative in my political views. The last guy you want elected is that phony Rauner. He's RINO and a good friend of Rahms.
Illinois has RINO Mark (I eat Dick Durban's ass) Kirk. We don't need another.
Of course Quinn had the gall to label his plan "tax REFORM" -- typical deranged liberal.
No one's pointing out that the $500 property tax credit does absolutely nothing for the working poor who rent apartments. Sounds to me like Quinn is the one out of touch with the little guy, not Rauner.
rauner MUST not win!!!!!!!!!!!!
in the Olympic competition for lying....there's a tie for the gold medal! Obama and Quinn get the gold, Rahm gets the silver (better luck next time), and Dart gets the bronze....try harder next time!)........
i would bet big money Quinn will be voted back in because people will never change there voting habits...SAD
Quinn says he needs the income tax hike to pay for the schools but isn't that what the lottery is supposed to do.
Increase it more, the budget must be balanced.
We can only hope these career politicians start dropping dead! They all are corrupt! Don't ever think they do anything for anyone but themselves and their pocket books!
Why is everyone so against taxes or raising taxes? Taxes are what makes the government we all want to run smoothly. We all need to be less greedy and pay our fair share.
Anonymous said...
The idea to begin taxing our pensions by the state has reared it's ugly head again in Springfield. I do believe this will happen no matter who is governor. The more money that flows into Springfield the more the politicians piss away.
3/27/2014 04:05:00 AM
And that's all it'll take for me to leave.
Why in the fuck would I stay here and pay state taxes on my pension when I could live in a state that isn't eventually going to porchfuck me into oblivion?
Why would I stay in this sthihole state under collapse when I can just move away to a less corrupt, cleaner better state?
Either way I gotta pay taxes, so why the fuck would I stay here when I can go anywhere else than this corrupt shithole?
At this very moment, I can move to WIsconsin and pay 5 or 5.5 percent sales tax along with a sliding income tax on pensions, why the FUCK would I stay in this shithole and pay 9.75% sales tax AND ANY fucking income tax? These fuckers could pull the same fucking lie of "minimal" 3% income tax on a pension and Wisconsin is DEFINITELY a better value than living here.
Charge me an income tax and I leave..... simple as that.
sorry but I will be voting for potato head quinn--- I cannot get behind this rauner who is good friends with rahmbo--- sometimes the devil you know is better than the devil you don't know....
Anonymous said...
FLOP will Endorse Quinn
3/27/2014 02:23:00 AM
And you're a fucking retard if you think they should fucking support Rauner the cocksucker.
Grow up dipshit, or go cut your own head off to spite yourself moron.
quinn has proposed legislation to change the phrase on all illinois license plates from the "land of lincoln" to "land of linkon"....
I usually save my spanking for female bottoms, but Quinn deserves the right hand to the noggin.
We need to vote Quinn instead of rauner. Rauner will make an example out of us (because than wants him too). At least with Quinn our pensions ions have a lot better of a chance of not being drained
The state raised 8 billion more in taxes with the "temporary" tax increase. However, they increased state spending by billions and are right back in the hole.Quinn needs to send another 50 million to Chicago alderman to dispense to their stooges to " stop crime".
I don't believe any of the lies and misconceptions about Rauner. I am voting for a change in state government and I am going with Rauner.
AMEN Anonymous, you hit the jackpot
and realized that Mike Madigan is
the "defacto" governor and the real
seat of power that runs Illinois.
Everyone else has to kiss his
"mistletoe" and get his blessing
in order to survive politically, yes, even the governor.
Brucie is very, very bad medicine for you guys. Not only on pensions. He will strangle the life out of every municipal budget in the state so forget about getting more officers. Forget about overtime. Forget about job security. Everybody's expendable.
Like Rahm? You want to see "do more with less," wait till you get Rahmer -- I mean, Rauner.
And for those of you with spouses or family or friends in the CTU, well, save your pennies now because he is going to make Quinn's income tax look like a blessing compared to, say, how about not having a job at all?
If I were you I'd be going down to the local Quinn campaign office and volunteering.
If they tax our pensions, they should also tax LINK cards. It's only fair.
Governor Pat Quinn's name surfaced in the latest lawsuit involving Chicago State University. Apparently, Quinn is willing to tolerate corruption if it involves his own political allies.
http://csufacultyvoice.blogspot.com/
Wait til you get your Peoples Gas bills. The rates went up. My bill for this month is higher than when it was sub zero for days. This sucks!!! And the suburbs with Nicor and NorthShore are paying less.
just let this lying prick tax pensions, I'll fly out of this shit hole faster than he can sign the bill.
I am a registered republican in this shit hole. My vote means nothing here in cook county. But I'm voting for Quinn and here's why: 1. He's not Rauner. 2. He has done far more for returning military veterans then any other politician including Duckworth. 3. He's not Rauner.
Signed: A Conservative Registered Republican.
Sounds like democratic mover and shakers want Quinn to fail , looks like he is a potato head .
Sorry to say it but I will hold my nose and vote for Quinn because that looks like the best thing to do to save my pension. Rauner will be much worse, count on that.
There won't be any money left for ANY pension if you vote for fuck head Quinn.
that's all politicians are ,are liars and thieves.
I for one am pissed. Really pissed. I own a business and I drive all over this shitbag city, working my ass off and see healthy young men sitting on the porch of nice, newly built "projects" aka: mixed income developments with fucking beers is paper bags. This isn't on a weekend freaking night. This is on a Wednesday morning!
Take more of my money. Fuck it! Take it all! They need a nicer lighting fixture in their lobby. I'm done. As soon as I can wrap shit up I'm outta here. Probably a 2 year plan, sooner if I can swing it.
Signed, NAC (not a cop)
Not much of a choice but we all know Rauner is no friend of ours. He is a close pal of our corrupt mayor so that should be reason enough to vote against him. Illinois will never be free of corruption so you have to vote for the best of the worst. Hold you nose with your left hand and cast your ballot with your right.
Quinn, so far, has protected our pensions, from Rham. Quinn is my guy. There is no other choice.
Sorry to say it but I will hold my nose and vote for Quinn because that looks like the best thing to do to save my pension. Rauner will be much worse, count on that.
3/27/2014 04:54:00 AM
---------------------------------
I really don't understand you guys. Quinn lies about taxes and doesn't come through on promises but you'll re-elect Quinn before you give Rauner a chance?
You have been trading your vote for lies for decades.
HYPOCRITES - Are you afraid Rauner is going to mess with your pensions? You think Quinn won't???
Wait til your buddy, wrong-way Quinn, drives the state into bankruptcy and you have to go to bankruptcy court to see if any money is even left to pay out a fraction of a pension.
If both parties didn't want Rauner in - HE IS THE GUY to vote in.
This state is so corrupt. If both parties are afraid he is going to upset the apple cart (make that the public trough) then he is the guy to vote in to clean up this mess.
Worried about protecting your pension? Worry about seeing any money left to pay pensions. When are you guys going to realize this state is BROKE.
Keep it going on the course it has been on and it WILL turn into Detroit and you WILL wind up in bankruptcy court trying to hear how many pennies on the dollar your pension fund will be funded with.
The tax base is shrinking. Companies are still moving out. And you are going to continue putting in someone that cannot keep any promises? Who is the insane one?
Quinn will lose 98 counties and win 4.
Thanks again sheeple of Crook County.
Anonymous said...
Not much of a choice but we all know Rauner is no friend of ours. He is a close pal of our corrupt mayor so that should be reason enough to vote against him. Illinois will never be free of corruption so you have to vote for the best of the worst. Hold you nose with your left hand and cast your ballot with your right.
3/27/2014 01:22:00 PM
...then bend over because that's what we all are going to get no matter who is elected.
--No Cop Here
Anonymous said...
Sorry to say it but I will hold my nose and vote for Quinn because that looks like the best thing to do to save my pension. Rauner will be much worse, count on that.
There won't be any money left for ANY pension if you vote for fuck head Quinn.
3/27/2014 11:36:00 AM
You do know what Rauner means when he says "Pension Reform" right? He means cut the pensions of everyone, existing workers, future retirees, everyone. And we are then supposed to hop that the courts rule in our favor. They have had several years to shop around for favorable judges. They already made the judicial pension system exempt and separate from everyone elses so judges have nothing to worry about. Judge's pensions have already been guaranteed so they will make a "fair" ruling.
So I am supposed to trust Rauner because you think Quinn is a fuck head? Sorry, I know Rauner will fuck with our pensions so that is a deal breaker. Damn I am not going to take a chance with him. No way. No how.
Brady screwed up that primary for Dillard. Without Brady, Dillard had a better chance.
But Rauner, not a chance.
"Insanity is doing the same thing over and over expecting different results" KEEP VOTING DEMOCRAT !!!
He's not Rauner? In other words, keep voting D just like we voted for all the other D's that broke their promises to us (but we didn't stop voting for them).
Quinn's lying, by God, but we will still vote Dem cause they make the bigger promises. You folks deserve what you get.
47% of Illinois taxpayers are financing the 53% entitlement class. Because of these numbers, Illinois is officially a socialist state.
If both parties didn't want Rauner in - HE IS THE GUY to vote in.
This state is so corrupt. If both parties are afraid he is going to upset the apple cart (make that the public trough) then he is the guy to vote in to clean up this mess.
3/27/2014 04:42:00 PM
Rauner was a MAJOR contributor to the Democratics, over $250,000 to Mayor Daley alone.
Food for thought.
Anonymous said...
Why is everyone so against taxes or raising taxes? Taxes are what makes the government we all want to run smoothly. We all need to be less greedy and pay our fair share.
3/27/2014 08:53:00 AM
Start with the people that don't pay ANY.
We pay more than our fair share.
---------------------------------
I really don't understand you guys. Quinn lies about taxes and doesn't come through on promises but you'll re-elect Quinn before you give Rauner a chance?
---
The same people said the same thing about Richy Daley in 1989, "Give the guy a chance." Hah!
Then, honest to God, they said it again in 2011 about Rahm, "We ought to give Rahm a chance." Hah!
When are you all going to learn? They are all corrupt motherfuckers, do NOT give them a chance, once in they are there for life. NO CHANCE! Fuck that, you can never get them out!
Daley then Rahm and now Rauner, "Let's give them a chance." HELL NO! Don't be stupid.
I for one will NOT be giving Rauner any chance. I hold my nose and vote for Quinn, the devil I know is better than the devil named Rauner.
Our pensions are in trouble no matter who is the next governor. One of the few benefits of living in this state is that our pensions are not taxed, but I suspect that will change. As big of a lying idiot that Quinn is, at least he has a plan. It may not be a good plan but at least he has one. I have yet to hear how Rauner plans to fix this mess we are in. Another concern I have about Rauner is his closeness to Emmanuel. Right now I am undecided but leaning towards Rauner, but that could change between now and November.
Anonymous said...
Of course Quinn had the gall to label his plan "tax REFORM" -- typical deranged liberal.
No one's pointing out that the $500 property tax credit does absolutely nothing for the working poor who rent apartments. Sounds to me like Quinn is the one out of touch with the little guy, not Rauner.
3/27/2014 07:45:00 AM
And Rauner has the gall to call his plan Pension Reform. That is my pension he is itching to steal in the name of "reform." No sir, not this time, not my pension.
I will vote for Quinn or any democrat against rauner. Rauner has no connection with any workingman. He says he parked cars and flipped burgers. But he never did it and tried to pay rent and supprt a family. He wAs "playing" AT being a workingman. He says he will exempt police and fire, but that is only a divide and conquer strategy. It is more palatable to go after a 70k pension of a junior high girls volleyball coach or a librarian than a crippled cop. Once he gets what he wants he and rham will go after our benefits. The other unions won't care by then. This is why we must support all. That is why they call it We are one.
If quinn wins four counties he's in. He won cook and east st. Louis last time and lost all else.
To Anonymous 3/27/2014 11:31:00 A.M.
Quinn talks a good game when it comes to Veterans. But wouldn't they be better off if they came home to a state that wasn't broke and had a balanced budget, a state with a vibrant economy, not the second highest unemployment in the nation and where there were actually jobs and opportunity for them? Not the basket case known as Illinois that Quinn has presided over for 6 years. If he truly wanted to help the Vets, fix this state and stop using our veterans as a photo opportunity!
The governor can only sign into law those statutes that are passed by the General Assembly. So if Rauner is elected how can he alone change laws governing taxing pensions? Quinn has been pushing for pension reform the entire four years.
I didn't vote for Mike Shields and I won't be voting for Quinn.
I can't believe all the vote for Quinn he will save our pensions. The money is not there. The pensions are the same as LINK, payout not based on reality.
"Insanity is doing the same thing over and over expecting different results" KEEP VOTING DEMOCRAT !!!
3/27/2014 07:49:00 PM
----------------------------
Truer words have never been spoken, both in and out of the courtroom.
You have bought off on lies for decades.
Did you ALL get your education at CPS or did some of you at least go to Catholic school to get some good reasoning and common sense?
Do you really think YOUR pension is going to be saved if this state (or city) calls a bankruptcy? (AND NEVER think that that cannot or will not happen)
Madigan is the power broker so who do you elect for Governor? Little puppet Quinn - whose only real focus is to make sure Quinn gets his piece of the public trough. A reformer as he promised? Yeah, right.
Rauner is going to be so bad for you? That's smoke being blown up your ass by your Committeeman.
The only guy with any smarts is Rauner. That's why both parties are afraid of him. He's not going to just fit in and walk the party line.
Let him break the status quo - if not, stop complaining about how bad it is.
He is going to run out and cut your pensions?!?!
Wake up and smell the Starbucks. A 10% or 20% cut may be bad medicine to take, but taking 10% to 20% as your ACTUAL pension is the kiss of death.
Can't happen?
Be stupid like some of these unions in other states and hold out for YOUR money when there is nothing there.
Then, when they declare bankruptcy because no one will give in a nickel, they will all go to Bankruptcy Court and all the wheeling and dealing will be more cut and dried with lawyers who will slice and dice your pensions - because there is NO money in the funds - in to pennies on the dollar.
How do you know that's not the Master Plan of Madigan? Are you THAT close to all the political heavyweights? Don't kid yourself.
You ain't having Breakfast with Mikey everyday so how do you know what he is thinking?
In the past, unions could be so powerful they could get the company to give in to ALL demands. A good case was at an International Harvester plant here in Illinois. The contract was so iron-clad, they knew they had the company by the balls.
So what happened? The company agreed that the union was in total control.
They shut the plant down and everyone who worked there lost their job and had to find something else.
Wake up. Nothing is iron clad- including YOUR pension.
If you want to wake up ALL the politicians in this state - vote the incuments OUT.
You may not be able to do that in every case, but you can with the Governor's position. Send a message.
Doing that, you will get more attention focused on solving your pension shortfalls (because everyone else will be scared they might get kicked off the public trough).
Or, you can keep being controlled little minions who vote like sheep and nothing will change until they (Mike) decides to go into bankruptcy and not have to deal with anyone because whatever meat is left on the carcass, will be sliced and diced and served to you by the bankruptcy attorneys.
Actually, that would be easier for Mike because then he could wash his hands and say, "Hey, I tried for you guys for years but now it is in the hands of the Federal Bankruptcy court. My hands are tied."
Next case.
sorry but I will be voting for potato head quinn--- I cannot get behind this rauner who is good friends with rahmbo--- sometimes the devil you know is better than the devil you don't know....
3/27/2014 09:01:00 AM
Keep voting for these guys. Now, look at how that worked out for the Detroit police pensions. Are you starting to get it?
Look forward, past the dark years of a one party combine in this city/state. They were all morally bankrupt, all thieves.
Rauner has more money than he could ever spend. Maybe he is tired of playing ball with these criminals and we will see a change here.......or you can keep voting for the same guys and hope for the best as we circle the drain.
Quinn has repeatedly lied to us and shown his complete incompetence. You really want him in charge of your future?
I am shocked, shocked, to read that all the cynical, no BS, cops that post here are, once again, going to vote Democratic as they always have because they believe the promises of the folks who have lied to them for generation. Christ, you call other people "sheeple" but don't hear your own baaahinng.
Sorry to say it but I will hold my nose and vote for Quinn because that looks like the best thing to do to save my pension. Rauner will be much worse, count on that.
I believe that.
And I also wonder why a guy would spend (waste) over $18 million dollars on this last election so far, for a job that pays what; $200k, $250k??
I dread the upcoming months with the repoepitive mud-slinging commercials between both these half-wits.
Another one that absolutely has to get voted out when the time comes is Madigan! Both of 'em!
"Do you really think YOUR pension is going to be saved if this state (or city) calls a bankruptcy? (AND NEVER think that that cannot or will not happen)"
---
Unlike cities, the states are barred from seeking protection in federal bankruptcy court. Any effort to change that status would have to clear high constitutional hurdles because the states are considered sovereign.
State can't declare bankruptcy
Sat, 07/20/2013 - 7:00am | Tom Kacich
URBANA — Unlike the city of Detroit, the state of Illinois cannot declare bankruptcy. Federal bankruptcy laws don't allow it.
"It's not provided in the federal bankruptcy laws. There is a provision for municipalities and any other kind of organization in the state to go bankrupt, but not the state itself," said Professor J. Fred Giertz, an economist who is director of the University of Illinois' Institute of Government and public Affairs.
And although there has been some talk of changing federal law to permit states to reorganize their financial obligations through bankruptcy, it hasn't gone far.
"In the United States we have a federal system where the states have powers that are protected from the national government, so there's a real question about supremacy and whether the federal government can impose bankruptcy rules on the state, which is supposed to have powers that are protected from the federal government," Giertz said. "I don't think there's any likelihood it's going to be approved by Congress anytime soon."
The good thing about bankruptcy, Giertz said, "is that it structures an insolvency. Bankruptcy makes the bankrupt organization go to court and then there's an orderly process in dealing with the obligations they have."
That's part of Illinois' current financial problem where pension payment obligations are shoving aside budgets for education, health care, higher education, corrections and more.
Former Florida Gov. Jeb Bush has argued that states should be able to declare bankruptcy, Giertz noted.
"States can't go bankrupt, but they can become insolvent since they can't pay their bills. The question then is, what do you do then?" Giertz said. "I think what Bush would say is that when an organization becomes insolvent, it's probably better to have some rules about how to deal with it rather than just catch as catch can.
"I'm not saying the state of Illinois is bankrupt or should go bankrupt, but in bankruptcy it's a question of who gets paid and who doesn't get paid."
In Illinois, he said, lawmakers are facing a number of pension reforms, all of which call for some level of change in retirement payment obligations.
"We're basically talking about how do we give pensioners a haircut? When they talk about pension reform, it's really pension default, with the question being how do they handle the default. The argument could be that it might be better ... to have more structure to that rather just an ad hoc sort of thing."
Another rhetorical question from Giertz: "Why are state bondholders protected when state pensions are not? There might be a good reason for that, that you want to issue bonds in the future. But if the state is in such dire shape that it has to renege on its pension obligations, why not include the bondholders in the game as well? Now, it's sort of an hoc thing where if there was a bankruptcy, it would have been more formal."
Giertz believes there are many local governments "doing much worse than the state of Illinois. The fire and police pensions are usually done at the local level and there are all sorts of problems there in particular, a lot of municipalities have given away the store in terms of benefits. The state of Illinois, its problem has been underfunding. And the problem with local governments is that when you have a city, people can just move away. They're not probably all going to move away from the state of Illinois.
"So a city can be left high and dry. That kind of movement, like in Detroit, makes it even worse for a local government."
I don't believe any of the lies and misconceptions about Rauner. I am voting for a change in state government and I am going with Rauner.
3/27/2014 09:16:00 AM
What lies and misconceptions are you talking about?
I know Walker in Wisconsin was so bad, he turned the mess around in about 1 year. We've been kicking the can down the road for years and the roads end is near. The only candidate that even cares about keeping businesses and people in Illinois is Rauner. He's can only be governor, he can't all by "his self" lay waste to our pensions. He can, however, set a better business tone for the state and just maybe, slow the exodus of business that will kill our tax base. I don't trust him because he's friends with Rahm, but Quinn? Not me.
Anonymous said...
The governor can only sign into law those statutes that are passed by the General Assembly. So if Rauner is elected how can he alone change laws governing taxing pensions? Quinn has been pushing for pension reform the entire four years.
I didn't vote for Mike Shields and I won't be voting for Quinn.
3/28/2014 12:14:00 AM
Is Shields running for governor?
Anonymous said...
Quinn says he needs the income tax hike to pay for the schools but isn't that what the lottery is supposed to do.
3/27/2014 08:28:00 AM
I don't understand why people fail to understand where the lottery money goes in relation to the School Fund.
Lottery Proceeds goes into the School Fund, however, it does NOT increase the money going to the schools, it REPLACES money from the General Fund that is then removed and spent on something else? OK? Got it?
Lottery money REPLACES tax proceeds, it is instead of, not in addition to. Total money going to schools remains the same. In fact, if lottery proceeds goes down one year, the schools get less.
And that's all it'll take for me to leave.
Why in the fuck would I stay here and pay state taxes on my pension when I could live in a state that isn't eventually going to porchfuck me into oblivion?
Why would I stay in this sthihole state under collapse when I can just move away to a less corrupt, cleaner better state?
Either way I gotta pay taxes, so why the fuck would I stay here when I can go anywhere else than this corrupt shithole?
At this very moment, I can move to WIsconsin and pay 5 or 5.5 percent sales tax along with a sliding income tax on pensions, why the FUCK would I stay in this shithole and pay 9.75% sales tax AND ANY fucking income tax? These fuckers could pull the same fucking lie of "minimal" 3% income tax on a pension and Wisconsin is DEFINITELY a better value than living here.
Charge me an income tax and I leave..... simple as that.
3/27/2014 09:01:00 AM
What makes you think that if you move out of Illinois that you will not then have to pay Illinois Income Tax on money earned in Illinois? That is if Illinois begins taxing retirement income. I am not an expert on taxes but you earn the pension in Illinois. Ask your tax guy who gets to charge you income tax on it.
Regarding taxing pensions to the poster at 6:15 PM 3/28
http://finance.yahoo.com/news/ask-farnoosh--paying-taxes-on-a-pension-if-i-move-out-of-state-162515294.html
State income tax on your pension is support the things you do in the state YOU live in. If you move out of the state then you of course don't live in that state anymore and don't benefit from those state tax programs. The pension is tax sheltered. This is why so many people retire to Florida and Nevada. This is why I am taking it a step further and retiring out of the country to Costa Rica. The state can't tax your pension if you don't live in the state or country.
Also don't forget to look into the Social Security Windfall Elimination Provision http://www.ssa.gov/pubs/EN-05-10045.pdf
What makes you think that if you move out of Illinois that you will not then have to pay Illinois Income Tax on money earned in Illinois? That is if Illinois begins taxing retirement income. I am not an expert on taxes but you earn the pension in Illinois. Ask your tax guy who gets to charge you income tax on it.
3/28/2014 06:15:00 PM
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Better read that again and let that sink in.
For 30 years everyone moans - PAY ME MORE MONEY - It's a cost-of-living thing in Chicago.
Well, cost-of-living is a double-edged sword.
IF you move to a place where the cost-of-living is cheaper, why should you be paid the BIG money anymore??
The cost-of-living is cheaper - so either give back some of it OR get the pension amount of what they would give in that state for a cop or fireman.
The other argument is that if you are not going to spend the money in the same economy as where you earned it, you need to give some of that back to re-circulate it into the economy that has paid your salary for all these years.
Both are valid arguments.
Cost-of-living? Doesn't apply if you move away to a cheaper state. So give some back.
Out-of-state pensions? You need to re-circulate that back into the economy you got it from. If not, give some back.
So let's apply these "adjustments"
Cost-of-living (Reversal) - pay back 3-7% (maybe 10% if they can squeeze it)
Recirculation "adjustment" (you moved away so how can you help the economy that paid you all these years?) pay back 10-15%
Can't happen?
In Illinois, taxing fuckery (I mean formulas) are more complex and secret than the formula for the 11 herbs and spices of Colonel Sanders' Kentucky Fried Chicken.
They'll find a way. Or two.
A GREAT example is the real estate transfer tax. When you move out of a community, you have to pay a transfer tax, let's say 1%.
So if you sell your house for $200,000 you have to cut a check and pay $2,000 to the municipality before you close on your house. The GREAT thing is that you have no recourse to vote anyone out because you are moving to another municipality.
That happened to me so I know it's not BS or a "that-can-never-happen" scenario.
Taxing someone out-of-state is great because there is no recourse, you cannot vote these people out if you live in Florida, Texas, Arizona or wherever.
Taking a pension out-of-state? Tax it at 10%. PLUS add on the "recirculation adjustment" - pay us back another 10%.
See how easy that can be?????
Hey Mikey, I just found a way to get a lot of money back and not have to worry about any negative votes.....now get Quinn to sell it.
State income tax on your pension is support the things you do in the state YOU live in. If you move out of the state then you of course don't live in that state anymore and don't benefit from those state tax programs. The pension is tax sheltered. This is why so many people retire to Florida and Nevada. This is why I am taking it a step further and retiring out of the country to Costa Rica. The state can't tax your pension if you don't live in the state or country.
You are right. Thats why Nevada and Florida are full of retirees. Actually Illinois is one of like 7 remaining states that don't tax pension. If you move to Wisconsin, they tax your pension on a graduated state income tax that can be costly.
Blogger MTS said...
Regarding taxing pensions to the poster at 6:15 PM 3/28
http://finance.yahoo.com/news/ask-farnoosh--paying-taxes-on-a-pension-if-i-move-out-of-state-162515294.html
State income tax on your pension is support the things you do in the state YOU live in. If you move out of the state then you of course don't live in that state anymore and don't benefit from those state tax programs. The pension is tax sheltered. This is why so many people retire to Florida and Nevada. This is why I am taking it a step further and retiring out of the country to Costa Rica. The state can't tax your pension if you don't live in the state or country.
Also don't forget to look into the Social Security Windfall Elimination Provision http://www.ssa.gov/pubs/EN-05-10045.pdf
3/28/2014 10:12:00 PM
So you find some nonsense on the internet from "Farnoosh" and repeat the ridiculous quote that the income is "tax sheltered". There is no such thing. It is tax free, not tax sheltered. Have fun in Costa Rica.
The US Supreme Court settled the issue of which state can tax your pension long ago. California was taxing retired military pensions at a pretty high rate. The retired armed forces members who retired from California and moved to other states still suffered the high tax. A law suit made its way up to the Supreme Court and the retired won. State applies only to those who live in a particular state, not what state the money was earned. Thata is if you establish permanent residency in a new state.
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