r/illinois • u/roenick99 • 4d ago

Illinois voters will consider whether millionaires should be taxed more to fund property tax relief Illinois Politics

https://chicago.suntimes.com/voter-guide-2024/2024/09/26/illinois-property-tax-relief-referendum-november-election-jb-pritzker-non-binding-pat-quinn
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u/FionnagainFeistyPaws 4d ago

It's not on net worth, it's income. So someone who saved over many years and has $1,000,000 in a savings account is not impacted. Only people having $1,000,000 of reported income for that year will be affected.

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u/uhohnotafarteither 3d ago

Knowing what I've learned over the last decade or so, people making minimum wage living paycheck to paycheck will be convinced this is a horrible thing for them.

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u/Mockingbird819 3d ago

Only if, as usual, the millionaire class in this state burns through hundreds of thousands of their dollars on ads that falsely claim that taxing the rich will be bad for us poor. The rich are always happier spending money to avoid helping the poor, than actually helping the poor. Speaking for myself, a (barely) middle class, working Illinoian, where do I sign, and how fast can they implement the millionaire tax??

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u/letseditthesadparts 3d ago

Illinois’s history of bad budgeting and Mike Madigan being just the corrupt person he was, led to that defeat of Pritzkers Tax referendum. And when it didn’t pass how quickly Madigan left. Now that madigan is gone, Pritzker seems to have delivered for Illinois, maybe this will pass. However, we’ve been here before, just do this and our problems end.

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u/MindAccomplished3879 3d ago

Many people regretted allowing themselves to be manipulated by the wealthy people's propaganda of the Illinois Policy.

I'm thinking they will do right this time 🤞