You are viewing a single comment's thread from:
RE: Illinois Tax Rate Soars 32%
I agree with your conclusion, but I'm not sure why you're downplaying the headline. This is a substantial tax increase. It is simply putting a bandage on a gaping wound and getting the story out of the news cycle. That's all politicians care about - the news cycle - and its impact on their re-election prospects. It should be cause for alarm.
Used by Mark Twain quite frequently.
"Lies, damned lies, and statistics" is a phrase describing the persuasive power of numbers, particularly the use of statistics to bolster weak arguments. It is also sometimes colloquially used to doubt statistics used to prove an opponent's point.
32% provides an alarming headline.
Reporting as a tax increase from approx 4% to approx 5% is far less sensational, but equally accurate.
WTF did the people of Illinois would think was going to happen it they elected Democrats to almost every public position for 20+ years?
The finances of the state are a complete and total shambles.
Going to take a lot more than this tax increase from 4% to 5% on personal tax rate, to get to a balanced budget.
Before this game is over, I'd be surprised if personal tax rate in Illinois settles below 10%.
And then you can report a 200% tax increase if you want.
That is what it will take to balance the budget mess