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Ridiculous editorial: "Data show that a family with an income of $25,000 a year will have a harder time in Chicago than almost anywhere else in the country.
But an address in Chicago or the suburbs results in kinder tax treatment for the rich or those with middle incomes. And if you live here on retirement income, throw a party because you enjoy one of the most generous tax codes around."
Invite your friends
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Did they miss the April 1st deadline for this?
I dunno. The numbers are there:
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Looking at income, sales, property and auto taxes, the district found that a family of three earning $25,000 annually would shoulder a higher tax burden in Chicago than in all but two other cities. Change the income to $50,000, and Chicago drops to No. 9. At $75,000, it's No. 17. At $100,000, it's 27th, and at $150,000, its 34th among the 51 cities in the study.
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It looks like Chicago doesn't tax the rich as much as other big cities. How do you respond to that, ChicagoBankerMan?
Those numbers are fine. What I thought was ridiculous was the claim that Chicago is a tax haven because it taxes the crap out of low income people. If you tax the crap out of low income people, you're not a tax haven, you're just shifting the burden.
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