Feeds:
Posts
Comments

Posts Tagged ‘budget’

Illinois moves into the top 20 personal income tax states

If you are in Illinois and upset over the personal income tax hike, well now Illinois is the 16th worst state to be in.

Here’s a list of the states with highest average income tax rates:

California – 7.75
Oregon – 7.73
Minnesota – 7.53
Maine – 7.23
Vermont – 7.18
Hawaii – 7.01
New York – 6.05
Wisconsin – 5.94
North Carolina – 5.49
Connecticut – 5.4
Massachusetts – 5.1
Idaho – 5
New Hampshire – 5
Tennessee – 5*
Utah – 5
Illinois – 4.95
Iowa – 4.92
Rhode Island – 4.83
West Virginia – 4.8
Delaware – 4.71

“The tax increase isn’t a solution to (the state’s financial problems),” Labell said. “The impact of this hike would be felt much sooner than the budget impasse. There would be more economic stagnation and more people will leave the state, and the more people who leave the state, the worse it will be for those who stay.”

The economic downfall of Illinois is already bad. I have not closed on my new property as of yet and i am tempted to just cancel it and work on moving to a better state. Illinois is beyond fixing. The second quote is exactly what will happen. When businesses and residents flee the state the increased tax rate won’t do much with the lousy spending the state is doing. The only way Illinois gets out of the debt and avoid becoming a junk state is to cut 70% of it’s expenses. That means a ton of layoffs, something that no state wants to do but without a budget and without a way to pay off the debt there won’t be a state for people to live in. And that means the entire state will suffer.  For starters IL should shut down their emissions air quality control and cut all road construction and only focus on the roads that desperately need repairing.

When i had a budget crisis of my own i had to make some tough choices. I couldn’t buy any new clothes, couldn’t buy any cleaning supplies (only when i really needed it) and i only drove to work and home. I was still losing money but it wasn’t a whole lot and i got it back during tax time. I am already going to see if i could claim myself as a dependent on state income taxes but that means i won’t be able to spend that money.. and it’s a bit of a headache with that and usually it’s easier to just let them take the money they need out. But if they are not getting paid every week they may have to make more cuts. In the end it won’t matter as the extra money they are trying to get from people will be lost when people are moving out of Illinois. The only solution to fix this is something that the Illinois politicians are not willing to do, but it needs to be done if we are to get out of this budget crisis.

Advertisements

Read Full Post »

Illinois fails to come up with a budget. Gov. Rauner responds to state lawmakers failing to pass state budget. So what happens? They try doing a sugar tax on drinks. Judge blocks Cook County soda pop tax 

Even though it’s supposed to curb obesity and raise health overall all it’s really going to do is cause people to spend less money elsewhere. Meanwhile Illinois politicians are fattening their wallets, because of a dysfunctional budget it’s a great excuse to extort taxpayer money. Illinois is falling apart. How Illinois became America’s most messed-up state

Illinois already has the worst tax rate in the US, ILLINOIS HAS HIGHEST OVERALL TAX BURDEN IN THE NATION – Let’s understand why Illinois has the highest property taxes
Translated: Illinois residents are being robbed from their income. Other states do not have these ridiculous tax rates. You may heard the phrase, “taxation is theft”, well in this case Illinois fits it perfectly. Millions politicians are thieves. Since they can’t come up with a budget, they are increasing taxes and of course they are doing just that which makes Illinois the worst state in America, Tax increase approved by Illinois House heads to Senate; Gov. Rauner threatens to veto

No more tax increases Illinois!

Several lawmakers called for people to act with courage and support the tax hike.

“I hate tax increases, hate them, and it will hurt small business to do this, but it also hurts small business to ask them to do business with the state and then we don’t pay them,” said Rep. Terri Bryant, R-Mt. Vernon.
“We have an opportunity to keep our state afloat and stop being an embarrassment,” said Lou Lang, D-Skokie.

Next stop is over at the Senate, which reconvenes at noon Monday.

House Speaker Mike Madigan was celebrating the votes Sunday. The bill does not include any of the reforms the governor wanted.

So this is the response from the Republican party. Enough already, as an Illinois resident i am sick and tired of having my hard earned money taken away because the politicians can’t come with a budget. Everything from soda taxes to higher rates at the gas pump to higher tolls, everything in Illinois is going up. The only thing that is going down is the population and property value.

Something needs to be done here and it’s along the lines of kicking these politicians out of office and getting people who know how to do a strict budget without raising the taxes. In fact taxes need to go down. Illinois residents are already hurting because of the poor mismanagement of taxpayer money and high taxes. At this point, the only thing Illinois can do is go bankrupt and let the surrounding states handle the former Illinois state because at this point, Illinois is too far gone. With the soda tax in Cook county, it’s only a matter of time before people just leave Cook county and Illinois all together. The tax increase is only going to make things worse for Illinois. Not having a good budget is making things worse for Illinois.

It might be too soon, but R.I.P. Illinois.

Read Full Post »

chicago-skyline-f81e26ea

Illinois end-of-year budget deficit to top $6B

Illinois has a total of $14.9 billion deficit. And no one is doing anything about it. The result, higher taxes and population decrease, Illinois loses more residents in 2016 than any other state / https://www.illinoispolicy.org/reports/still-leaving-illinois-an-exodus-of-people-and-money/

This also drives up the constant violence Chicago faces, 8 shot in Lawndale: ‘This is just the city we live in’

High taxes and poor education isn’t helping much in the state of Illinois. The biggest problem is that there isn’t anything being done to rectify the deficit. The increase in taxes won’t help, Illinois Senate Passes Budget, Tax Increase

“You pay the highest property taxes in America. We’ve got to change that. We’ve got to bring our property taxes down over time. And the way to start is to do a true, long-term property tax freeze and give you – all the people of Illinois – the power, the ability to decide, if and when and how your property taxes move,” Rauner said during the Facebook Live. “That’s what we’re pushing for. We’ll never give up on that push. And that’s the stumbling block right now.”

Consequently people are leaving Illinois. Why pay ridiculous tax rates when you can move somewhere where taxes are not as high.

700+ days without an Illinois Budget; Local school district could close if nothing passes

Duct Tape.jpg

Bottom line is Illinois has leaders who have no idea on how to budget. Illinois needs to stop spending money on useless things such as researching on whether they want to build a road, in fact they should stop building new roads and fix the problems with the roads they do have. Increasing tolls, taxes, gas prices and the overall cost of living will only hurt the state in the long run. Illinois has to come up with a budget that cuts all the useless spending out. And with a $14.9 billion deficit, i think it’s time to cut unnecessary spending.

Read Full Post »

….Having Pets Instead Of Kids Should Be Considered A Psychiatric Disorder

I don’t agree. My last post on this subject, Overpopulation crisis, is not having kids selfish? still holds true for me. Matt Walsh also did a blog on this, We couldn’t afford to have kids yet that still doesn’t change my thoughts on this subject. Life is too stressful to really have an urge to want children. I struggle with anxiety with the smallest of problems. Just the idea of me having children is too overwhelming. Everyone else that doesn’t want children probably go through the same thought process as me or thinking a similar thing for a different reason. Such as the finances. Having a child is by no means cheap, one child is more expensive then buying a $500,000 home. While more than likely you’ll be married with someone else so you will have additional support with family as well there is no telling what will occur. So i will list some reasons i don’t want to have children.

    1. I already deal with too much stress. I need to reduce the stress in my life, not add to it. You can see some of my previous posts on how stress overwhelms me and i get anxiety when it gets to a certain level. While i tend to only look at the negative, it’s just something that i have to deal with and the best way to deal with it is to avoid negative or stressful situations. If i get too much anxiety i can get a nervous breakdown and then i’ll be in trouble. I don’t deal with life situations the way everyone else does, if something is stressing me out i need to leave it!
    2. I’m not a people person. I do like talking and socializing to people from time to time, but as an introvert i need time to myself. Having kids, i would be around people all the time and i really can’t do that.
    3. I don’t want kids… because someone says i should have them or think i am more than capable of handling them. Such as the people in this article you don’t know my life situations, nor do you know what i can or can’t handle. I can’t handle a whole lot. It becomes too much. Sorry, just because you think i could handle having kids doesn’t mean i should have kids. At this point in time i won’t regret not having them and i don’t think i’ll regret having them in the future. I do not want the responsibility of caring for children.
    4. The world is in constant chaos. Think Chicago shootings, Google that and get back to me. That’s just a sliver of the problems in this world. The president of the United States, Donald Trump has sparked outrage and this seems like a clear indication of a 2nd Civil War if people do not calm themselves.
    5. Plenty of others have the urge… to reproduce. No seriously, there’s people who have more than 8 children. The world has plenty of people in this world. No, seriously it’s not a big deal if i don’t have kids. As much as some people may think we need to put more ethical, spiritual children on this planet there is always the opportunity to teach the ones that are already in this world for those willing to learn.

More people on this planet will not solve the worlds problems. We need to put the right people in charge to fix the problems. Anyone can become a doctor, a scientist, a lawyer or a politician but it takes a person of special skills in those areas to get things done properly, if said person uses their powers for good. And some will step up to the plate. There are people in this world who already are capable of fixing the worlds problems. It’s whether or not they know it yet. And if i ever do decide to have kids, i’ll adopt. Not that it will happen or that i will ever be ready for it, it’s just that would be the next logical step. I believe we need to help others already in this world, not bring more people into this world. And who knows, maybe i do have a mental disorder. It certainly isn’t because i don’t want children but because i get stressed out over little things.

Read Full Post »

%d bloggers like this: