Monday, May 16, 2016

40 states with an income tax include retirement income, but not Illinois, and that's not about to change.

Most of us don’t like to pay taxes, but it’s our legal and civic obligation in a democratic society.

It’s also galling in states like Illinois, where real estate, sales and gasoline taxes are among the highest in the country, and there’s too much waste, inefficiency and dishonesty in government to feel our money is being well spent.

But the beat goes on.

Last year Cook County raised sales and hotel taxes, and the City of Chicago passed the largest properly tax in history.


Damian J. Sylvia
Retirement Income Solutions
220 Monmouth Road
Oakhurst, NJ 07755

 

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