Vote NO on the progressive income tax
The progressive tax constitutional amendment deletes two key protections against retirement taxes; the flat tax requirement and the “no more than one such (income) tax” provision.
Illinois’ flat tax makes it politically hard for politicians to tax retirement income because they would have to immediately tax it at the full 4.95% rate, risking the ire of senior voters.
The “no more than one such (income) tax” provision in the Constitution prevents legislators from creating a separate retirement income tax with separate rates.
Illinois seniors concerned about retirement taxes should vote no on the progressive tax constitutional amendment.
If you agree, add your name to the list of Illinoisans who oppose the progressive income tax!