The State of Illinois is coming for your MONEY! New budget calls for a 32% Income TAX hike!!!
Illinois joins the ,,club'' of collapsing States and passes a budget that calls for a 32% income TAX hike!
On Thursday the legislature finally passed a budget — its first since 2015 — by overriding Republican Gov. Bruce Rauner’s veto. The governor’s big hang-up with it? The budget proposal contained a massive 32 percent income tax hike that rational economists and tax experts understand will only worsen the state’s dire economic position in the coming years.
On a vote of 71-42, 10 of the state’s Republicans joined with Democrats to pass the new tax increase, which permanently boosts the rate from 3.75 percent to 4.95 percent. In addition, the budget also raises the tax burden on businesses, hiking the rate from 5.9 percent to 7 percent, Breitbart News reported.
On average, the rate hikes amount to 32 percent for Illinois residents and a $5 billion hike in taxes overall. NaturalNews
Say Goodbye to your hard earned cash,because the State has got it's eyes on it. And they are going to get it!
Don't underestimate the power of a Desperate State!
STAY SAFE!
Read the full article HERE on NaturalNews.com
