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Wednesday, Nov 26, 2014
Quincy, IL News - QuincyJournal.com
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4tolerance - Quincy City Council votes to sell defaulting loans - Quincy, IL News - QuincyJournal.com
If I am not mistaken, the loan amount from the revolving loan fund has a maximum of $50,000 and cannot exceed the amount of the participating bank's loan. If I am correct on that, which I may or may not be, then Bank of Quincy would have a minimum of $50,000 loaned on each originally. The City will take a hit of $83,754 and BOQ will have a loan balance of no less than $113,754 + $30,000 in buying…
Cardinalquincy - Strawman: And Now WE Get Even With Whitey...... - Quincy, IL News - QuincyJournal.com
I love you RUHEARINGVOICES... You hit the nail on the head... My goal is to acquire the lowest negative score ever from these hopeless conservatives. They are incorrigible. Faux news is not fair and balanced. It is outdated an unimaginative like the Old Testament.
Cardinalquincy - Darren Wilson Grand Jury evidence and testimony - Quincy, IL News - QuincyJournal.com
Darren Wilson? Is he like the Ferguson, MO version of Quincy, IL's Timothy Bichsel?
Cardinalquincy - Darren Wilson Grand Jury evidence and testimony - Quincy, IL News - QuincyJournal.com
Darren Wilson? Is he like the Ferguson, MO version of Quincy, IL's Timothy Bichsel?
AYHSMB - Bruce Guthrie named director of The District - Quincy, IL News - QuincyJournal.com
Wow. This guy sounds like a good choice to get the Gems going again. The OLC should look him up.

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Rate structure proposed for progressive income tax

8 months ago thesouthern.com

Income over $12,500 would see a tax increase based on current tax rates

From thesouthern.com:

A top Democrat in the Illinois Senate who supports a proposed graduated income tax said his plans for a rate structure would lower taxes for most Illinois residents.

While the vote is pending on a constitutional amendment that would allow the state to enact a graduated income tax, state Sen. Don Harmon, D-Oak Park, said at a press conference that his proposal would save money for 94 percent of Illinois families.

"This is tax relief to every family in Illinois earning less than $200,000," Harmon said. "This is major tax relief across the board, and one that we can certainly afford."

Under Harmon'€™s plan, the state would impose a 2.9 percent tax on income of up to $12,500 and 4.9 percent on income between $12,500 and $180,000. Anything over $180,000 would be taxed at 6.9 percent.

Under the state'€™s temporary increase, income is currently taxed at a flat rate of 5 percent. That rate is scheduled to drop to 3.75 percent next year.

Harmon said families making the state's median income of $55,317 would see a savings of $303 on their income taxes under his plan, compared to the current 5 percent rate.

A minimum-wage worker making $23,839 annually would see a savings of $272.

That's not as much savings as Illinoisans would see if lawmakers and Gov. Pat Quinn allow the temporary income tax to roll back to 3.75 percent on Jan. 1.

Under that scenario, the median income family would see a savings of about $689, while a minimum-wage earner would save about $298.

Compared to the current 5 percent rate, Harmon said his plan would generate $23 million less in revenue.

He added that taking any other path would hurt Illinoisans much worse.

"€œWe have two choices other than this,"€ he said. "We can continue an unfair, regressive flat tax at 5 percent or we can cut government services, the services upon which folks rely --€“ education, health care, human services --€“ by 20 percent across the board.

"This is a third way. This is a way we can generate the revenue we need to provide the core services upon which people depend, and do so in a way that provides tax relief for 94 percent of Illinois families."

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RT @Ben Howe: I just had someone compare last night’s riots to the Boston Tea Party. The Boston. Tea. Party.