Graduated income tax?
To the Editor:
Amending the Illinois Constitution to allow a graduated income tax? Who wouldn’t like to stick it to those ostentatious types with those $100,000 foreign cars that go zero to 60 in four seconds?
1. Can we really trust legislators and governors to keep their word? Now, their “temporary” 67 percent income-tax increase doesn’t seem so temporary. I don’t mind taxing people richer than me, but how can I trust the Legislature not to “graduate” my own taxes down the road?
2. Also, a lot of smart, older rich people might move to Florida or Nevada, where there is zero income tax.
3. On the other hand, Oregon has a 13.3 percent not-graduated income tax, but when I used to go out there visiting relatives, I always would hear about how few high-paying jobs there were. I guess hardworking, job-creating entrepreneurs don’t want to move to Oregon and then give up 53 percent of their income in combined federal and state income taxes.
Finally, I have a close friend whose 33-year-old daughter is a driver’s education teacher at an Illinois public high school. He confided to me that she is making more than $80,000 a year plus full medical benefits. When she is in her early 50s, she will be eligible for retirement at 75 percent of her final pay – maybe $50,000 to $60,000 a year for an additional 20 to 30 years! Not bad for an 8-month-a-year job!
Since legislators are willing to change the Constitution, maybe they should consider asking public servants for sacrifice.