For How Much of Your State Income Tax Can You Blame the Democrats?

The Illinois Policy Institute has put a state income tax calculator on its web site.

They call it “The Quinn Income Tax Calculator,” which concentrates the blame a bit too narrowly I think.

All the Democratic Party legislators who voted for it deserve the “credit.”

It’s an interesting way to bring home the cost to Illinois residents.

For those who have moved out of state, of course, the extra cost is zero.


Comments

For How Much of Your State Income Tax Can You Blame the Democrats? — 8 Comments

  1. Quinn increased taxes while giving AFSCME salary increases and without reforming pensions.

    Dysfunctional.

  2. 3.5 to 5.5

    to figure out percentage you divide 3.5 by 5.5

    now the math I was taught gives you 63.3% and it is common to round down with a .3. So it really is 63% not 67%.

    and remember IL income earner have seen no change in their paychecks because FIC went down from 6.2 to 4.2.

  3. LC Truth,

    Divide 2 by 3 and get .6667 or round to a percentage and get 67%. The old tax rate was 3% and it was increased by 2 points. This calculation reveals a 67% increase. We are looking for the percentage INCREASE not the percentage between numbers.

  4. Mark…I totally agree with you!

    LC Truth…I guess you failed both Math & Reading or are the schools really that bad?! 🙂

    With your numbers you would take 5.5 – 3.5 = 2 and then divide 2 by 3.5 to get 57.1%. To check your work you can multiply 3.5 x 1.571 to get 5.4985 (round up to 5.5). If you multiply 3.5 x 1.633 you get 5.72.

    But your numbers are incorrect and the income tax went from 3% to 5%. 5 – 3 = 2 so you divide 2 by 3 to get 66.67% (round up to 67%). You can check my work by multiplying 3 x 1.67 to get 5.

    Yes IL income earners will not see the hike until after 2/29/12; when the federal tax break expires.

  5. Folks, please don’t confuse LC with the truth. They have their own way of determining what they want to believe in.

  6. Still waiting for any of you to come up with that list of $7billion in cuts to the state budget, which is necessary if there is no income tax increase.

    Anyone?

  7. There is no serious plan to get Illinois out of the very dangerous debt position in which politicians, legislators and The People have placed it.

    The People of Illinois have no commitment to a good financial strategy.

    No one wants to cut programs.

    No one wants to pay more in tax.

    Do they think the Sugar Plum Fairy is going to fix the problem?

  8. I figured the crazy would show up here, I was not disappointed.

    What caused our high taxes?

    Easy, we have a lot of money!

    Where ever there is a lot of money, there is a lot of taxes.

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