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The Definite Guide to Tax Illinois

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there's four good reasons not to support.a graduated income tax or a progressive.tax first is a financial problem second.there's a jobs problem with that tax.third there's a political or a trust.problem and fourth there's an equity or.a fairness problem so let's talk about.what those for me you know a financial.problem let's say you've got a son and a.daughter in law and they're just getting.started and you've been helping them and.giving them twenty thousand dollars a.year that kind of supplement their.income they've just gone out and bought.a big house and they've got to lease.cars evolved on a BMW and they've maxed.out their credit cards and they just.announced you they bought a pair of.snowmobiles so they could enjoy the.winter now your son comes to you and.says you know could you just kind of.increase the help you're giving me from.twenty thousand to thirty five thousand.it will be okay what would you say what.would you expect you maybe demand a.budget ask for a spending plan.ask them to kind of talk through how.they're gonna change their priorities do.you love them and you want to help them.we all love the state of Illinois I do.want the state of Illinois to do well.but giving our son and the.daughter-in-law more money without a.plan is no better than giving the state.of Illinois an increase in the income.tax flexibility without a plan to manage.their spending so there's a financial.problem with granting this.constitutional amendment before the.legislature and the governor takes.seriously their financial problems.the proceeds they're estimating if they.adopt these what they've promised to.adopt would be about 3.2 to 3.3 billion.new dollars taken out of people's.pockets and given to Springfield to.spend their current structural deficit.just for this fiscal year is over five.billion so if they kept their before the.coal bid so if they keep kept their.promise okay and I'm not sure they can.or will if they kept their promise this.would be like giving your son and your.son and the daughter-in-law.12 grand more and saying good luck if.they've maxed out their credit cards.that they don't change their spending.habits if they won't show you a plan.giving them more money is not.compassionate so even those people who.make too much money and think they.should give more money to state.government if you want to write them a.check and mail it to the Treasury but.don't force this on the state of.Illinois so you got a financial problem.second problem is you got a jobs problem.we talked about a little earlier but.more than a million Illinois families.depend on a competitive job a job where.they're the company they work for.the work they do is competitive with.other states or worldwide so if you.raise the tax burden on those kind of.companies in those kinds of jobs they're.gonna lose some orders they're gonna.lose some jobs they're gonna lose some.some customers and as they do they're.not gonna need as much workforce or.they're not going to be able to afford.as much workforce every job we lose pays.zero.Illinois income tax so you need to be.very very careful with your tax policy.that it doesn't put your job creators.your job producers your competitive.workers at a disadvantage with other.states we already know Illinois has high.property taxes we already know Illinois.is close to leading the nation in sales.tax and we have a pretty robust current.flat income tax of 5 percent with this.graduated income tax which would affect.small businesses family farms they will.affect small manufacturers and small.retailers we could lose thousands of.jobs from.economic disruption and none of those.jobs will pay any taxes yes the best and.brightest in Eastern Europe two best and.brightest and in the Far East the best.and brightest and Australia New Zealand.the best in Europe so that's part of why.we have such a robust strong economy in.this in the United States is because.we're very competitive so just a few.cents right ten hundredths of a cent.when you're making 10,000 an hour of a.product so particularly Illinois.manufacturers are in a tough spot.they already carry a higher workman's.compensation I are on employment higher.property tax and a higher sales tax than.all of the surrounding states if you add.income tax as an additional burden I'm.afraid we're gonna lose jobs we're gonna.lose companies no no absolutely it's not.a good time and I wish the governor and.the legislature would have kind of faced.up to you know they ordered the closure.and the shelter in place and they.supported the governor's shutting down.the economy and putting a million.Illinois families into the unemployment.system so if anybody ought to understand.the effects and implications of what.they did they should this is not the.time to to further stress small.employers and job seekers and and people.hanging on to their jobs with a.potential tax increase which could cause.people to rethink what they're doing and.whether they're going to stay in the.state of Illinois.it's political or trust I mean you know.that you know the last three times that.the General Assembly raised the income.tax rate they made pretty broad promises.that they were gonna pay off their.deficit they were gonna work on the run.paid bills that they were gonna stop.spending more than they took in I mean.big long speeches on the floor lots of.chest beating three governors in a row.promised that they would rein in state.spending and begin to live like the rest.of us do inside of their resources.well three tax increases later within a.year after each one of them they were.back in the same mess you know whether.you're talking about the Illinois.Lottery gonna fund education or we're.the toll roads were going to become.freeways or the river boats we're not.about casinos that were really about.redeveloping tourism and in river towns.or or the fact that medical marijuana.was just you know the just for people.who needed it for pain and now.recreational isn't about money at all I.mean you know how many broken fibs are.we going to accept so until we can.develop some trust until the leadership.down there takes the voters seriously.takes the taxpayers seriously I don't.think we should trust them with an.unfettered ability to choose each year.who to tax and how much to tax them you.know people talk about redistricting.being abused and political leaders down.in Springfield allowing legislators to.pick their voters because they control.the districting this is gonna let the.majority leader in the House and the.Senate and the governor essentially pick.who's gonna pay the income tax you know.they can pick and choose by by changing.the brackets and changing the tax rates.so you know it it's a it's a very.dangerous tool in the hands of people.who have not demonstrated a lot of.political honesty with us and until.they're willing to reform themselves we.should not give up our constitutional.protection of a flat tax clearly.Illinoisans want term limits clearly.Illinoisans want reform in redistricting.clearly Illinoisans want the legislature.to be more proactive and more honest.clearly to let the people of Illinois.are not happy with the governor.this kind of team of experts making all.the decisions on the future of 13.million people and we're offered none of.these reforms okay in exchange for more.of our wealth for more of our income.I mean basically it's sit down shut up.and pay us more taxes and we need to say.no until until they believe will say no.you're not going to get change out of.Springfield Mike Madigan never had any.intention of delivering on the promises.he's made I mean people ought to.recognize that by now Mike Madigan was.at the 1970 constitutional convention as.a delegate Mike Madigan knows why.there's a flat tax in the state of.Illinois Mike Madigan was around when.they said these would be toll roads and.when we paid off the bonds we will make.them freeways Mike Madigan was around.when they promised to dedicate all of.the funding from the lottery to.education I mean there's Mike Madigan.knows these promises have been made and.are being broken and Mike Madigan.doesn't care.yeah the equity problem I mean you know.as I said I really and looks a flat ray.fair clear honest transparent taxes are.accepted you know people want you know.if you've got a house that's twice the.size of mine I'm not bothered if you pay.twice as much taxes if the guy on the.other side of me he's got a house half.the size of mine it doesn't bother me.that I I mean there's a proportionality.there's a fairness there's a clearness.about it we today have a flat rate.income tax and it is progressive a.family making twenty thousand dollars.gets a four thousand dollar personal.exemption so they're taxed on sixteen.thousand dollars or they pay about eight.hundred dollars in Illinois taxes now.they get to use all the roads and all.the services of state government all the.support and whatever else they need now.a family earning two hundred thousand.and wife both professional working long.hours paying for a you know a day care.and and whatever else they pay for they.pay nine thousand eight hundred or.twelve times more in taxes than the.family that makes twenty thousand.dollars so that the system's already.progressive that the the people earning.more pay substantially more in taxes.that's with a flat rate if you if you.use a graduated rate that family of two.hundred thousand would be paying twenty.five times as much in taxes as the other.family whatever they decide is right and.that's not fair and that's not right and.that's not what anybody intended and we.shouldn't let people confuse us and say.that the flat tax is unfair or it's.regressive it's not regressive it's.clearly progressive and you know they.talked about wanting to tax less for the.day anytime they want they can raise the.personal exemption I mean they they can.adjust the current system to be more.generous to thee to people who earn less.they could raise the personal exemption.to eight thousand per person which would.mean the family at twenty thousand would.be only paying taxes on four thousand.dollars instead of I mean they can make.this more progressive and make it hurt.less for people earning less anytime.they want.they haven't changed the personal.exemption anytime in the last ten years.so you know I there talk of progressive.is only important when it comes to them.getting more revenue this is not about.tax relief for compassion this is about.an addiction to spending in Italy they.can move their tax home in about 90 days.and that's what's happened in other.states where they've tried a millionaire.tax or an unfair tax if people perceive.it as fair they will pay their fair.share.Americans are are very compliant I mean.we stop at stop signs not because we're.afraid we're going to be arrested if we.run a stop sign it's part of the social.contract it's part of an agreement we.all have with each other we are the most.generous people in the world we give.more to charity than any other Society.on earth so this is not about fairness.or our people doing their fair share or.contributing this is about people.twisting the argument okay using envy.and and and and focusing hatred on.people who are more successful now that.a guy earning a million dollars is.paying over $50,000 in Illinois income.tax and is probably consuming zero close.to zero state services he's paying his.fair share now if you want to raise the.tax rate raise the tax rate but don't.single him out and punish him because.that guy who earns a million dollars can.very easily fly down to Houston or to.Dallas and go find himself an apartment.down there move his voting address in.his voter registration and become a.resident of Texas and that's what's.happened I mean people if they if they.believe they're not being treated fairly.okay.don't stay and let state government.punish them they move.financial problem a job problem trust.okay and what's fair I mean those are.the if we just focus on they won't make.any of these arguments all they're gonna.try to talk about is equity and fairness.okay and they're not gonna explain it to.you they're gonna tell you somehow you.should envy other people and we should.take other people's money don't tax you.don't tax me tax the man behind the tree.goes all the way back to John Adams you.know those are not fair tax systems.they're not they don't have high.compliance this is not good for the.state of Illinois and it just delays.like our son and daughter-in-law with.the spending problem it delays the day.of reckoning when we can force the.legislature and the governor to kind of.own up to the structure they have and.clean it up then if we need a tax.increase a lot of people would be.willing to pay a tax increase to fix the.state of Illinois but we don't want to.go out and buy an alcoholic another.12-pack.you.

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Tax Illinois FAQs

Check the below common queries about Tax Illinois . Communicate with directly if you still have other queries.

Need help? Contact support

How do you file suit against Denton County Texas sheriff’s department if you’re pro se?

Go down to the Court House on MeKinney in Denton and speak with a Clerk of Court. However, if you have a chance of proving negligence or malfeasance which cause a lost to you, you will be much better off having an attorney represent you. What kind of suit are you anticipating?

How do I fill out an income tax form?

The Indian Income-Tax department has made the process of filing of income tax returns simplified and easy to understand. However, that is applicable only in case where you don’t have incomes under different heads. Let’s say, you are earning salary from a company in India, the company deducts TDS from your salary. In such a scenario, it’s very easy to file the return. Contrary to this is the scenario, where you have income from business and you need to see what all expenses you can claim as deduction while calculating the net taxable income. You can always reach out to a tax consultant for detailed review of your tax return.

How do you fill out tax forms?

Depending on what information you have, you can do it your self, not recommended, hire a professional in desending qualifications: CPA, Enrolled Agent, Kitchen table preparer, or anyone who says he’s a tax preparer.

How do you fill out a 1040EZ tax form?

Lots of great answers are already here, so I’ll just chip in two things: Emotional restraint : No matter how exciting / angry / sad you are, try to get hold of yourself and think logically. Remember : you may be relief getting it all off your chest, but you might ended up regretting and fixing the damage years down the road. Honed your listening skills : By listening, you get to know a person better, they'll like you better, and you’ll be able to build your network for life. Thanks for A2A

How do I fill out tax form 4972?

The Indian Income-Tax department has made the process of filing of income tax returns simplified and easy to understand. However, that is applicable only in case where you don’t have incomes under different heads. Let’s say, you are earning salary from a company in India, the company deducts TDS from your salary. In such a scenario, it’s very easy to file the return. Contrary to this is the scenario, where you have income from business and you need to see what all expenses you can claim as deduction while calculating the net taxable income. You can always reach out to a tax consultant for detailed review of your tax return.

How do I fill out 2013 tax forms?

You file Form 8843 to exclude the days that you were present in the US as an exempt individual. OPT is considered to be an extension of your student status, so you are an exempt individual for the purposes of the substantial presence test while you are on OPT. Because you are considered to be a student while on OPT, you can claim the benefit of the standard deduction that is available for students under the US/India tax treaty.

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