Illinois Retirement Income Tax Pushed

Civic Federation Recommends Limiting Government Spending Growth to 2.1% Per Year

The Civic Federation continues to promote the taxation of retirement income with the help of the Chicago Tribune.

The Tribune today has an article reporting on the long-ago-made proposal timed as finances continue to be inadequate to pay for pensions and Democratic Party legislators’ wish list.

Cold weather is a major factor in people retiring and moving to other states.

You can read the report here.

Taxes currently are a reason people move out of Illinois.

For seniors, the focus is currently on high real estate taxes.

Bad weather is another reason.

So, on the day of the worst snow storm of the winter, the Tribune reminds those most likely to abandon the state–those who are retired–that, besides avoiding snow, they can protect themselves from a 5% income tax on their 401(k)’s and pensions.


Comments

Illinois Retirement Income Tax Pushed — 24 Comments

  1. The Chicago Tribune? Bad! Another lesson I learned in this sunshine blog. Sit back, relax, and enjoy the newest entertaining spin…tic, tock, tic, tock…

  2. How outrageous. Wanting to tax retirement income in the State of Illinois where senior citizens pay absurdly high property taxes on their homes in McHenry County and elsewhere. Many seniors live on Social Security benefits and meager savings and some lucky ones might have a pension from their former private sector jobs. If they even have a pension from the private sector, it is rare that there is a COLA such as is prevalent for government retirees in Illinois.

    Approximately two-thirds of a senior’s real estate tax bill is to cover the outrageously high salaries and benefits of many teachers and administrators. Also, the most significant problem in the State of Illinois is the grossly underfunded pension systems for government worker retirees including teachers.

    It is time for very highly compensated teachers, administrators and government retirees with huge pension amounts and their unions to step forward and save the State of Illinois and stop living grandly off the backs of retiree and other homeowners.

    What can they do to help solve the mess in Illinois financial position and crushing real estate taxes? Can they take a haircut? Could they agree to a freeze in salary and benefits as well as an elimination of retiree COLAS or a COLA equal to that received by Social Security recipients?

    They need to reflect on a statement by President John F Kennedy (JFK) in his Inaugural Address. He said:

    “And so, my fellow Americans: ask not what your country can do for you – ask what you can do for your country.”

    In the same vein as JFK, we should ask of teachers, administrators, government workers and their retiree sisters and brothers:

    “And so, my fellow Illinoisans: ask not what Illinois homeowners and taxpayers can do for you – ask what you can do to relieve the crushing burden they incur and endure because of you.”

  3. Cal, can you, as a big pension guy, answer bred’s questions? Your pension is about 40,000 more than the average teacher pension. Just a question for a guy who served fewer years than a teacher. How about your war chest?

  4. I’m sure that RINO Rauner thinks that this is a fantastic idea
    and as such he will implement it or face the wrath of his wife a devoted Socialist
    who is, by the way, a close friend of Socialist Jan Schakowsky.
    I’ll bet RINO Rauners wife makes him wear her panties, and he gladly obeys.

  5. the Dems want the oldsters out! We don’t vote like we should according to the Biss braintrust!

  6. Relative to limiting growth to 2.1 % per year – how about reversing government growth.

    In 2002, the Hartland Township Property tax levy was $170,167. In 2016 Hartland Township Property tax levy was $166,948. Now, that’s responsible government. That is not a typo, they reduced their levy over 14 years!

    Kudos to Supervisor Kruse; Trustees: Payne, Boppart, Newman and Porep; Clerk Ksepka and their contracted Assessor Mike Crouse.

  7. Don’t you love it when compassionate conservatives suddenly stop hating John F. Kennedy to quote him in a desperate attempt to argue against everything he supported? More quotes from our 35th president: “And if we cannot end now our differences, at least we can help make the world safe for diversity. For, in the final analysis, our most basic common link is that we all inhabit this small planet. We all breathe the same air. We all cherish our children’s future. And we are all mortal.” Stay tuned…meow, meow, tic, tock, tic, tock…

  8. “And so, my fellow Illinoisans: ask not what undocumented immigrants can do for you – ask what you can do to relieve the crushing burden they endure because of you.” (Experts argue this was first stated by our real sunshine blogger; more research pending)…tic, tock, meow, meow, tic, tock…

  9. Our resident immature luna-tic tock fringe makes his presence known ….. 🤷

  10. So telling. One can easily discern exactly who has been brainwashed by the mostly far left wing extreme media, and Democrat politicians, who use the term “undocumented immigrants” instead of the correct terms “illegal aliens” or “illegal immigrants”.

    The mostly left wing media and Dem Politicians would also likely say that a bank robber made an “undocumented withdrawl” from a bank. Only stupid people, sheepile and the “useful idiots” equate illegal immigrants with those people who legally migrate from various nations around the world to the U.S.

    Goofballs and far left wing radial extremists want to EQUATE illegal immigrants to those immigrants who obeyed all United States Immigration laws and who waited in line, followed all procedures and came to the U.S. legally.

    One of the biggest problems in the U.S. today are BOTH illegal aliens (many of which are drug runners and some who might be terrorists) AND stupid left leaning people who want open borders and want illegal aliens to become citizens.

  11. My compassionate conservative friend still holds on to useless name calling to intimidate the opposing point of view…good luck with that one. More from our new favorite president Jack Kennedy: “For I can assure you that we love our country, not for what it was, though it has always been great — not for what it is, though of this we are deeply proud — but for what it someday can, and, through the efforts of us all, someday will be.” Medicare for all, free public college education, $15/hour minimum wage, end of all wars, comprehensive immigration reform; all of this led by our real sunshine blogger…tic, tock, meow, meow, tic, tock…

  12. If JFK had not been assassinated by a far left wing extremist loyal to the USSR and communists, JFK would likely have been the leader of the Democrat Party through at least the 1990’s. JFK was a WWII hero and no doubt through his leadership would have guided the Democrat Party toward American excellence rather than the stupidity we have seen since the candidacy of McGovern in 1972 and subsequent events such as Bill Clinton in 1992. The Democrat Party in recent decades has been about diminishing America. This was especially documented by the record of the last Democrat president who chose to diminish American excellence actions and speeches.

  13. My compassionate conservative friend insists in trying to be taken seriously, but his/her efforts are futile. Wasn’t the Democratic Party (always referred as Democrat party by the ultra correct conservatives) the party of racists? Was Jack Kennedy an hiatus in that long trajectory of racism being fought by the republicans since the years of Good Ol’ Abe Lincoln? Or is it that all these ridiculous “history lessons” lectures delivered by this misguided reactionary compassionate conservative are just fanatic nonsense? Please stop debating yourself in the cyberspace. We know these republicans and what they stand for all too well; they do not fool anybody here. Sunshine blogger, it’s been a while we do not see a cat story around here…tic, tock, meow, meow, tic, tock…

  14. More from the sunshine blog’s new favorite president: “If by a “Liberal” they mean someone who looks ahead and not behind, someone who welcomes new ideas without rigid reactions, someone who cares about the welfare of the people-their health, their housing, their schools, their jobs, their civil rights and their civil liberties-someone who believes we can break through the stalemate and suspicions that grip us in our policies abroad, if that is what they mean by a “Liberal”, then I’m proud to say I’m a “Liberal.” Sunshine blogger, I’m afraid this blog may actually be turning this county blue…tic, tock, tic, tock, tic, tock…

  15. The Democrat party and Progressivism are two different things.
    It is Progressivism that is destroying this country with moral decay, advancement of the Cloward Piven flag.

  16. Only well said if you are a luna-tic tock cultural Socialist/Marxist, fools and cowards all.

  17. abe, just what part of Angel’s comments at 8:56 lead you to make the comment “fools and cowards all”? I am interested in your answer.

  18. Brutus brings up Cloward Piven. From Wiki:

    “The Cloward–Piven strategy is a political strategy outlined in 1966 by American sociologists and political activists Richard Cloward and Frances Fox Piven that called for overloading the U.S. public welfare system in order to precipitate a crisis that would lead to a replacement of the welfare system with a national system of “a guaranteed annual income and thus an end to poverty”

    Our previous president attended a college that one of the above teachers conducted classes. Was student Obama exposed to Cloward or Priven at the college? Have to wonder since Obama gave some speeches where he proposed redistribution of wealth and assets in our Nation and by means of “trickery”. That’s the kind of guy he was.

  19. Don’t you love political history lessons? “In American politics, the southern strategy was a Republican Party electoral strategy to increase political support among white voters in the South by appealing to racism against African Americans. As the Civil Rights Movement and dismantling of Jim Crow laws in the 1950s and 1960s visibly deepened existing racial tensions in much of the Southern United States, Republican politicians such as presidential candidate Richard Nixon and Senator Barry Goldwater developed strategies that successfully contributed to the political realignment of many white, conservative voters in the South that had traditionally supported the Democratic Party to the Republican Party. It also helped push the Republican Party much more to the right”. A trivia question for my compassionate conservative friends: Name the unopposed republican candidate for the third congressional district in Illinois. Hint: Holocaust denier, nazi. Stay tuned…tic, tock, tic, tock, meow, meow, tic, tock…

  20. Would surmise that Democrats in the Illinois Legislature would endorse a bill that would tax the retirement income of seniors. They would rather do this to try to fix one of the major problems in Illinois government workers’ pension system. That is the COLA which needs to be eliminated or greatly diminished.

    But, the Illinois Constitution would have to be revised. Is the majority Democrat Legislature willing to do that or instead just clobber seniors some more with an income tax on their retirement income? More taxes on struggling seniors would be the easy way out and would indicate to Illinois seniors that Democrats really do not care about the elderly. No. Their top priority in Illinois and the U.S. is taking care of a different group of people in the U.S., Illegal Immigrants.

    During the last presidential administration, President Obama approved the dimminishment of Medicare payments to medical providers, thus putting more of a burden on seniors. That president also had a senior advisor in his first term that was not very friendly toward seniors. He was Robert Reich and he also was on the Cabinet of President Bill Clinton. This is what Robert Reich thought about and said about seniors in a speech he gave in 2009 at a college in California:

    “Look, we have the only health-care system in the world that is designed to avoid sick people. That’s true, and what I’m going to do is I am going to try to reorganize it to be more amenable to treating sick people. But that means you–particularly you young people, particularly you young, healthy people–you’re going to have to pay more. And by the way, we are going to have to–if you’re very old, we’re not going to give you all that technology and all those drugs for the last couple of years of your life to keep you maybe going for another couple of months. It’s too expensive, so we’re going to let you die.”

    Just let seniors die. That was the thinking of a top Democrat, Robert Reich, who was an advisor to President Obama.

  21. @Tom, My comment is self-explanatory.
    Perhaps you should work a bit more on your reading comprehension.
    Thanks for your comment and have a nice day !

  22. abe, if you believe your 7:47 comment to be self-explanatory, you need to work on your writing skills. I recommend you focus on idea development. Just a little something for you.

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