Illinois
Related: About this forumIt's not just Illinois billionaires in 'fair' tax fight. Here's who wants to sway your vote.
Chicago entrepreneur Erik Severinghaus is among the 3% of Illinoisans wealthy enough that he'll have to pay more next year under a graduated income tax if voters approve a change to the state constitution on Nov. 3.
But Severinghaus said paying more isn't his problem with what supporters call the "fair tax," which would allow lawmakers to scrap Illinois' existing flat-rate system and tax Illinoisans who earn more than $250,000 annually at a higher rate.
The reason he donated $1,000 to a campaign opposing the constitutional amendment is that he doesn't trust Springfield legislators to spend the extra revenue estimated at $1.2 billion over the first six months wisely.
"I am all for paying my fair share. I don't actually have a philosophical problem with it," Severinghaus said.
Read more: https://www.pantagraph.com/news/state-and-regional/govt-and-politics/its-not-just-illinois-billionaires-in-fair-tax-fight-heres-who-wants-to-sway-your/article_86bc0892-26a4-5f54-9199-e08d77a28b88.html
(Bloomington Pantagraph)
whathehell
(29,787 posts)If he doesn't trust Springfield to spend his tax money "wisely", he needs to move or run for office.
Sherman A1
(38,958 posts)The rich need to pay more, they have gotten the majority of the benefits the last 40 years. Time to buck up.
whathehell
(29,787 posts)and the rich certainly need to start paying their fair share of taxes -- It's long overdue.
dixiechiken1
(2,113 posts)I think it's a good idea and long overdue. But I haven't seen any polling to know the general consensus, though.
ProfessorGAC
(69,879 posts)Here's the link.
https://www.nprillinois.org/post/survey-shows-significant-support-graduated-income-tax#stream/0
dixiechiken1
(2,113 posts)Hubby & I will be voting yes on Nov 3rd. Hope it passes.
bamagal62
(3,650 posts)But, my husband and I both voted yes for it yesterday!