Ex-School Board Pres Wants Tax Hike
I really had a hard time believing this comment from former Carpentersville School District 300 Board President Mary Fioretti, which I found posted under a letter to the editor from the Huntley teachers union president in the Northwest Herald:
mary fioretti wrote on May 25, 2007 6:35 AM:Let’s see.
" The legislature, as it always does, tears apart a bill to "fit" their desires. So it's a big guess on what they would glean out of HB750. If it's a 2% increase in income tax multiply that by what you make each year. An income tax credit is available in the legislation for certain income levels."
We have a three percent income tax on individuals right now.
A 2% increase would make the rate 3.06%.
Think that’s what Fioretti really means?
Or might she mean a two-percentage point income tax increase, which would, of course, be almost a 67% increase in income tax.
The comment above was right below this one:
mary fioretti wrote on May 25, 2007 6:33 AM:Too bad that Fioretti and her allies at Advance 300 don't understand how to do a cost-benefit study. If the state income tax is increased, this area will not be among the "winners."
"Dave, to your statements. This is not at all difficult to understand. Just like in any profession or owning a home, you have to acquire basic understanding. Don't let people make you crazy it's about the forumula. Look at the dollar portion of your school tax bill. Multiply that by 20% then do another calculation of 25%. That will be your potential abatement. Remember, not everyone owns a home."
I know you will find it hard to believe, but there are lots of articles on McHenry County Blog this weekend.
0 comments:
Post a Comment