Friday, January 14, 2011

Illinois tax increase

Is this a preview of what is to come to Massachusetts? 

Illinois lawmakers approved a 66 percent increase in the state’s income tax. Once Gov. Quinn signs the measure into law, state income taxes will increase to 5 percent from 3 percent.

A 2-percentage point tax increase in Illinois will essentially cancel out any benefits from the Obama reduction in payroll tax for employees. Last December,

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