Naturally the black hole that wishes to eat a couple thousand dollars of my income originates in Chicago.
Consider he Chicago Sun-Times today.
Look at the cover. Abraham Lincoln is crying because taxes aren’t higher.
He isn’t crying because people are unemployed. He’s crying because governments, state and local, haven’t picked enough money out of our pockets.
I figure when the tax rate is hiked by two-thirds from 3% to 5%, the suggestion from years past of Pied Piper Ralph Matire and, more recently, Chicago’s Civic Federation, it will cost me 750 crying Lincoln $5 bills more than the year before.
That’s when my state pension, for which I repeatedly thank taxpayers, drops by 5%.
It won’t just be me, though.
Everyone with retirement income will see a cut in tax home pay, so to speak, of 5%.
I wonder how many people in Sun City will welcome that day, probably sometime during this July.
Wage earners would see their pay checks get cut by “only” 2%.
Government won’t waste any of your lost income.
Surely, Crystal Lake Mayor Aaron Shepley and the five city council members who voted with him to hike Crystal Lake’s city sales tax 75% haven’t wasted any, have they?