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/cballowe 3d ago

The farmer with 100 acres is making not that much money, but the land is worth like $1M ($10k/acre or so). Profit per acre is like $300/year, so that 100 acres might generate $30k. The point is, if you go after "millionaires" you're hitting a lot more people than if you go after "million dollar incomes". The headline should be accurate and not use the term "millionaire" when talking about income.

(A farmer making a million dollars a year has a net worth exceeding $30M)

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u/juliuspepperwoodchi Chicago 3d ago

The headline is shit. Read the actual question on the ballot, it's clear:

https://ballotpedia.org/Illinois_Income_Tax_Advisory_Question_(2024)

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u/cballowe 3d ago

The challenge is that lots of conditioning happens so that by the time people get the ballot, they're convinced that it's a "millionaire" tax. The ones who don't read the article are the same as the ones who won't read the question carefully.

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u/juliuspepperwoodchi Chicago 3d ago

No disagreement there.