Guest guest Posted January 14, 2011 Report Share Posted January 14, 2011 While I don't wish to belabor the point, it is interesting to note what the income tax is in other states. Ellen · Alabama: 5% · Alaska: no income tax · Arizona: 4.54% · Arkansas: 7% · California:10.55% · Colorado: flat 4.63% · Connecticut: 6.5% · District of Columbia: 8.5% · Delaware: 6.95% · Florida: No income tax · Georgia: 6% · Hawaii: 11% · Idaho: 7.8% · Illinois: 3% until the recent increase · Indiana: 3.4% · Iowa: 8.98% · Kansas: 6.45% · Kentucky: 6% · Louisiana: 6% · Maine: 8.5% · land: 6.25% · Massachusetts: flat 5.3% · Michigan: flat 4.35% · Minnesota: 7.85% · Mississippi: 5% · Missouri: 6% · Montana: 6.9% · Nebraska: 6.84% · Nevada: no income tax · New Hampshire: 5% · New Jersey: 8.97% · New Mexico: 4.9% · New York: 8.97% · North Carolina: 7.75% · North Dakota: 4.86% · Ohio: 5.925% · Oklahoma: 5.5% · Oregon: 11% · Pennsylvania: flat 3.07% · Rhode Island: 9.9% · South Carolina: 7% · South Dakota: no income tax · Tennessee: 6% · Texas: no income tax · Utah: flat 5% · Vermont: 8.95% · Virginia: 5.75% · Washington: no income tax · West Virginia: · Wisconsin: 7.75% · Wyoming: no income tax Ellen Garber Bronfeld egskb@... Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 14, 2011 Report Share Posted January 14, 2011 Income tax or state tax? I am confused. What type of taxes is this? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 15, 2011 Report Share Posted January 15, 2011 She has listed income taxes for all the States, nationwide. The only problem with just reporting the percentage, it doesn’t represent all the different calculations. Some States tax all income, including retirement pay. Illinois does not tax retirement money. Some States alllow itemized deductions, and Illinois does not. It is somewhat unfair to simplify taxation by just stating a percentage. I have not weighed in on the discussions but I do know that for services to exist and hopefully be expanded, the increase is necessary. I am not fond of politics but I am certain that I do not want people denied basic services. From: Pyle Bopkas Sent: Saturday, January 15, 2011 12:08 AM IPADDUnite Subject: Re: Income taxes nationwide Income tax or state tax? I am confused. What type of taxes is this? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 15, 2011 Report Share Posted January 15, 2011 Ellen, Thanks for giving us the real numbers for perspective. We have had sucha low tax base for so long the snow ball affect has had a disasterous results. I am thinking it is like racking up a huge credit card bill and paying only the bare minimum each month. In the end the bill will be many times more than the original purchase. And in the case of a state that because there are such meager resources the disability population is going to be the last to get fed..and we are left with very few crumbs after the more 'worthy' needs, like roads etc get their share. So certainly we need more funding. We need to have trust in the people who are spending/making policy decisions " Do the Right Thing " .That is the part that makes a lot of us nervous.Many of us have been in this state all our lives and have seen shell game after shell game. From the smallest village hall /park district to the state government we have witnessed financial abuse. In my dream world, if DHS/DD promised a restructure of the system, hmmm the Blueprint? perhapsthere would be more enthusiasm for increases. Right now even if our taxes went to the high of 8-9 percent, there is no promise that money will not go to Illinois' antiques..institutions. I think if we don't keep this conversation in the forefront we will forever be the last. I do think cordial discourse and differeing opinions need to be placed on the table and no one should feel they can't have an opinion. For many of us who choose to stay in Illinois this is going to be a long term issue.. This information is not belaboring the point. It is valuable information. I do think the next step is making sure there is a restructure. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 15, 2011 Report Share Posted January 15, 2011 In the states with NO income tax, it would be interesting to determine what is being taxed instead. Exactly where are they getting the monies necessary to fund state government and provide necessary services? Would we prefer a different source of tax monies, for the truth is that taxes are the only way of raising money to pay for government? What should we tax if not income? Jean On Sat, Jan 15, 2011 at 7:20 AM, Cindi Swanson <cbswanson@...> wrote: > > > Ellen, Thanks for giving us the real numbers for perspective. We have had > sucha low tax base for so long the snow ball affect has had a disasterous > results. I am thinking it is like racking up a huge credit card bill and > paying only the bare minimum each month. In the end the bill will be many > times more than the original purchase. And in the case of a state that > because there are such meager resources the disability population is going > to be the last to get fed..and we are left with very few crumbs after the > more 'worthy' needs, like roads etc get their share. So certainly we need > more funding. We need to have trust in the people who are spending/making > policy decisions " Do the Right Thing " .That is the part that makes a lot of > us nervous.Many of us have been in this state all our lives and have seen > shell game after shell game. From the smallest village hall /park district > to the state government we have witnessed financial abuse. In my dream > world, if DHS/DD promised a restructure of the system, hmmm the Blueprint? > perhapsthere would be more enthusiasm for increases. Right now even if our > taxes went to the high of 8-9 percent, there is no promise that money will > not go to Illinois' antiques..institutions. > I think if we don't keep this conversation in the forefront we will forever > > be the last. I do think cordial discourse and differeing opinions need to > be > placed on the table and no one should feel they can't have an opinion. For > many of us who choose to stay in Illinois this is going to be a long term > issue.. > This information is not belaboring the point. It is valuable information. I > > do think the next step is making sure there is a restructure. > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 15, 2011 Report Share Posted January 15, 2011 Some triggers went off for me as I look at the list... Florida 0..probably a lot of revenue tourism. Also not know at a state for good schools caters to the retired community Nevada...gambling and prostitution are legal and taxed. The cheap buffet meals are no longer and everything costs way more there then in the past. They let the tourists pay. But then again do you want casinos at your 7-11. Oh, we do have the lottery here. S. Dakota..oil maybe, natural gas. Texas o k, this is oil Washington..That state had always been a touch point for very inclusive schools. A lot of people want to move there..no thoughts on where they get funds. Wyoming probably natural gas, oil Illinois had always been the best place for people to recreate. I think we are the only state that allows for Special Rec Association taxing levy. Those communities that have bought into the SRAs provide some of the best rec and leisure. Again, that is a revenue source. Itdoes come down to dollars and cents. Illinois politicians have not shown they spend the money the way we want. And apparently we as families have not made it clear what we want. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 15, 2011 Report Share Posted January 15, 2011 I still don't understand the list. It seem that it missing the " hidden price " or the bottomline. When I shop online, I try to get the bottomline price and match with store that does charge IL state taxes. It is silly to have online store charge state tax. Most shops don't charge IL state taxes. I am like one of the consumer in the buying and demand routine. I buy low and demand only depending on the price versus need. The flat screen TV that I bought cost $700 but cost 7% if I buy it through Tiger Direct. I bought it from a shop that didn't charge state tax. Consumer's psychological mind worked where they find the best price and order it. If a person don't have a budget or the consumer's psychological mind, they wouldn't mind paying a higher cost regardless if the shop next door is cheaper. If a state doesn't have a budget, it doesn't mind spreading taxes. What you need to understand that majority of the millionaire are frugal. They lived frugal by buying things that will allowed them to retire early and long. You can search article for millionaire and frugal. If I want to become less depend on the government and on myself, I will have to be frugal. > > She has listed income taxes for all the States, nationwide. The only problem with just reporting the percentage, it doesn’t represent all the different calculations. Some States tax all income, including retirement pay. Illinois does not tax retirement money. Some States alllow itemized deductions, and Illinois does not. It is somewhat unfair to simplify taxation by just stating a percentage. > I have not weighed in on the discussions but I do know that for services to exist and hopefully be expanded, the increase is necessary. I am not fond of politics but I am certain that I do not want people denied basic services. > > > From: Pyle Bopkas > Sent: Saturday, January 15, 2011 12:08 AM > IPADDUnite > Subject: Re: Income taxes nationwide > > > Income tax or state tax? > > I am confused. What type of taxes is this? > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 15, 2011 Report Share Posted January 15, 2011 We also have one of the highest sales tax and gasoline taxes. When comparing taxes, IMO, it's important to look at the whole picture. In Illinois, retirement income is not taxed. So a retiree who takes out a mandatory retirement distribution of $100,000 pays zero state income tax on that money. > > While I don't wish to belabor the point, it is interesting to note what the income tax is in other states. > Ellen > > · Alabama: 5% > > · Alaska: no income tax > > · Arizona: 4.54% > > · Arkansas: 7% > > · California:10.55% > > · Colorado: flat 4.63% > > · Connecticut: 6.5% > > · District of Columbia: 8.5% > > · Delaware: 6.95% > > · Florida: No income tax > > · Georgia: 6% > > · Hawaii: 11% > > · Idaho: 7.8% > > · Illinois: 3% until the recent increase > > · Indiana: 3.4% > > · Iowa: 8.98% > > · Kansas: 6.45% > > · Kentucky: 6% > > · Louisiana: 6% > > · Maine: 8.5% > > · land: 6.25% > > · Massachusetts: flat 5.3% > > · Michigan: flat 4.35% > > · Minnesota: 7.85% > > · Mississippi: 5% > > · Missouri: 6% > > · Montana: 6.9% > > · Nebraska: 6.84% > > · Nevada: no income tax > > · New Hampshire: 5% > > · New Jersey: 8.97% > > · New Mexico: 4.9% > > · New York: 8.97% > > · North Carolina: 7.75% > > · North Dakota: 4.86% > > · Ohio: 5.925% > > · Oklahoma: 5.5% > > · Oregon: 11% > > · Pennsylvania: flat 3.07% > > · Rhode Island: 9.9% > > · South Carolina: 7% > > · South Dakota: no income tax > > · Tennessee: 6% > > · Texas: no income tax > > · Utah: flat 5% > > · Vermont: 8.95% > > · Virginia: 5.75% > > · Washington: no income tax > > · West Virginia: > > · Wisconsin: 7.75% > > · Wyoming: no income tax > > > > Ellen Garber Bronfeld > egskb@... > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 15, 2011 Report Share Posted January 15, 2011 Pyle, Ellen posted state income taxes. > > Income tax or state tax? > > I am confused. What type of taxes is this? > > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 15, 2011 Report Share Posted January 15, 2011 In answer to Pyle's question: State income tax... Ellen Ellen Garber Bronfeld egskb@... Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 15, 2011 Report Share Posted January 15, 2011 I can tell you that in Florida there is a sales tax charged on rent. I am not sure if that is just commercial rent or also residential. But I work for a Landlord and inaddition to charging our tenants for rent and real estate taxes we charge a state and county sales tax on these billings. Re: Income taxes nationwide In the states with NO income tax, it would be interesting to determine what is being taxed instead. Exactly where are they getting the monies necessary to fund state government and provide necessary services? Would we prefer a different source of tax monies, for the truth is that taxes are the only way of raising money to pay for government? What should we tax if not income? Jean On Sat, Jan 15, 2011 at 7:20 AM, Cindi Swanson <cbswanson@...> wrote: > > > Ellen, Thanks for giving us the real numbers for perspective. We have had > sucha low tax base for so long the snow ball affect has had a disasterous > results. I am thinking it is like racking up a huge credit card bill and > paying only the bare minimum each month. In the end the bill will be many > times more than the original purchase. And in the case of a state that > because there are such meager resources the disability population is going > to be the last to get fed..and we are left with very few crumbs after the > more 'worthy' needs, like roads etc get their share. So certainly we need > more funding. We need to have trust in the people who are spending/making > policy decisions " Do the Right Thing " .That is the part that makes a lot of > us nervous.Many of us have been in this state all our lives and have seen > shell game after shell game. From the smallest village hall /park district > to the state government we have witnessed financial abuse. In my dream > world, if DHS/DD promised a restructure of the system, hmmm the Blueprint? > perhapsthere would be more enthusiasm for increases. Right now even if our > taxes went to the high of 8-9 percent, there is no promise that money will > not go to Illinois' antiques..institutions. > I think if we don't keep this conversation in the forefront we will forever > > be the last. I do think cordial discourse and differeing opinions need to > be > placed on the table and no one should feel they can't have an opinion. For > many of us who choose to stay in Illinois this is going to be a long term > issue.. > This information is not belaboring the point. It is valuable information. I > > do think the next step is making sure there is a restructure. > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 15, 2011 Report Share Posted January 15, 2011 I finally got to read Mrs.Bronfield's message. I comfirmed this. The Illinois state tax rate is 3% (taxadmin.org). Now I realize who the real culprit to the rest of my 7% Mc taxes, the county tax. It is easy to point finger at the state because the IL state tax is 7% except it include the county tax. If I order at Mc in Kane County, it is 7%. When I order Mc at Cook County, I pay more in taxes than Kane County Cook County did approved a county tax raise a year ago in the Cook County's meeting directed by Todd Strogger but on July 1, 2010, they were offering a cut back. The article qouted, " it will keep customers coming to his store instead of traveling to another county or state with lower taxes " (chicagobreakingnews.com). It does show that state and county have a potential to make a team, and the state take the blame for it. The bottomline is even though the state is off the hook in the blame game on the 7% or 9's state tax rate. The question, I would like to ask the state. What are they going to do about the past dues on the budget if they are trying to make a budget after that? You can't make a budget if there is a past dues on your mortgage or credit card. If we were to pay 1-2% more on our bills, it doesn't completely erase our debt. We are still stuck with the remaining bill. If we were go into long term, we would have to pay up to 50 years in this current economy. The state tax rate raise will never solve our short term problem. Source: taxadmin.org. Federation of Tax Administration. 2010. 1.15.2011. archive.chicagobreakingnews.com. Chicago Breaking News. July.1.2010. 1.15.2011. > > In answer to Pyle's question: > State income tax... > Ellen > Ellen Garber Bronfeld > egskb@... > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 16, 2011 Report Share Posted January 16, 2011 I read this as a daily digest, so what I'm sharing may already been said. I found the information on the income tax rates very interesting. To make comparisons, you have to compare all taxes. I lived in Oregon (and California) years ago where I see the income tax is 11% (it used to be graduated at that very low end), BUT they have no sales tax. Other states without state sales tax are Alaska, Delaware, Montana, and New Hampshire. Some may have county or city sales taxes. It's amazing to see how neighboring states compare. I see that Washington has no state income tax, so they must have other taxes that are higher. California has both high state income and sales tax. For some comparisons, go to http://retirementliving.com/RLtaxes.html or http://articles.moneycentral.msn.com/Taxes/Advice/TheBestAndWorstStatesForTaxes.\ aspx. And then again, we don't know what services are offered. I remembered reading about California's " Cadillac " health benefits for teachers, and their public colleges and universities are still very inexpensive. Many of the articles I have been reading lately from many Illinois citizens who feel they will be strapped with the tax hikes seem to share a common thread: the lack of health insurance and how that negatively affects their income and budgeting. And yet, we hear so much complaining about Obama's health care plan. Quote Link to comment Share on other sites More sharing options...
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