Wednesday, January 12, 2011

66% Tax Increase, Big Deal

I read a headline this morning that stated that income tax in Illinois was being raised 66%. Later in the day I learned that it was going from 3% to 5%. If you want a shock check the tax rate in Ontario where even $40,000 puts you in the 20% bracket. No wonder Illinois is in such debt. Maybe we should send them some Liberal or PC finance ministers to get them back on track.

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