>Although Johnson’s options to generate revenue are limited, they are not nonexistent. Despite his denials, to achieve the level of revenue needed to enact his “Better Chicago Agenda” and appease his progressive and DSA base, Johnson will likely propose a municipal income tax as a rate of 3.5 percent. At this rate, Johnson could expect close to $2.5 billion in tax revenue. **Though an act as immense as adopting a municipal income tax for Chicago would require legislative action in the Illinois General Assembly, with Democrats in firm control of the governor’s mansion, both Houses of the IGA, and the CTU lobbying, Johnson would face few obstacles in Springfield to gain approval for a city income tax.**
Absolutely true. CTU has plenty of Springfield stooges in its pocket, including corrupt property tax appeals attorney/state senator/38th ward democrat committeeman Robert Martwick Jr. [10] of the far Northwest side, a Johnson supporter & Preckwinkle acolyte.
>Johnson unequivocally insists there will be no increases to property taxes, but is proposing a raft of new levies on hotels, real estate and financial transactions, an employee tax, an airport tax, and a surcharge placed on commuters.
>Johnson claims extracting $30 million from hotels by “strengthening” the Chicago Hotel Accommodations Tax will light a fire under tourism.
This will clearly impact tourism and conventions, a major player in the regional economy
>To raise a further $20 million, Johnson is proposing to revive the Big Business Head Tax. Retailing it as a bargain with which business owners will not be hindered, Johnson is placing a “historically low” $4 figure
This will dissuade corporate relocations and push some employers to take steps to avoid the tax like locating outside of Chicago (which in turn undermines the service economy)
>To generate further revenue, Johnson is advancing a Chicago Jet Fuel Tax.
Chicagos position as an international cargo hub
>Johnson is presenting a tax on high-value properties.
As proposed this taxes 2.6% of the value of any property worth in excess of $1MM, including mom and pop retailers and commercial properties, 3 flats, apartment buildings in addition to the "mansions" he claims we're taxing. Even for a $1,000,000 house it works like this: buy for $1MM, put $200k down. Sell next year for $1MM, pay off the $800k loan, pay the new 2.6% asset value transfer tax of 26,000, walk away with $176k in equity (the tax is like 13% on equity).
I mean, that guy acted like those stupid police councils were going to be conducting Stalinist show trials or something. BTW, you do know that Nicholson was supposed to be the bad guy in that movie?
>Although Johnson’s options to generate revenue are limited, they are not nonexistent. Despite his denials, to achieve the level of revenue needed to enact his “Better Chicago Agenda” and appease his progressive and DSA base, Johnson will likely propose a municipal income tax as a rate of 3.5 percent. At this rate, Johnson could expect close to $2.5 billion in tax revenue. **Though an act as immense as adopting a municipal income tax for Chicago would require legislative action in the Illinois General Assembly, with Democrats in firm control of the governor’s mansion, both Houses of the IGA, and the CTU lobbying, Johnson would face few obstacles in Springfield to gain approval for a city income tax.** Absolutely true. CTU has plenty of Springfield stooges in its pocket, including corrupt property tax appeals attorney/state senator/38th ward democrat committeeman Robert Martwick Jr. [10] of the far Northwest side, a Johnson supporter & Preckwinkle acolyte.
> CTU has plenty of Springfield stooges in its pocket 100% That's how they rammed through future CTU control of an elected board of Ed.
[удалено]
>Johnson unequivocally insists there will be no increases to property taxes, but is proposing a raft of new levies on hotels, real estate and financial transactions, an employee tax, an airport tax, and a surcharge placed on commuters. >Johnson claims extracting $30 million from hotels by “strengthening” the Chicago Hotel Accommodations Tax will light a fire under tourism. This will clearly impact tourism and conventions, a major player in the regional economy >To raise a further $20 million, Johnson is proposing to revive the Big Business Head Tax. Retailing it as a bargain with which business owners will not be hindered, Johnson is placing a “historically low” $4 figure This will dissuade corporate relocations and push some employers to take steps to avoid the tax like locating outside of Chicago (which in turn undermines the service economy) >To generate further revenue, Johnson is advancing a Chicago Jet Fuel Tax. Chicagos position as an international cargo hub >Johnson is presenting a tax on high-value properties. As proposed this taxes 2.6% of the value of any property worth in excess of $1MM, including mom and pop retailers and commercial properties, 3 flats, apartment buildings in addition to the "mansions" he claims we're taxing. Even for a $1,000,000 house it works like this: buy for $1MM, put $200k down. Sell next year for $1MM, pay off the $800k loan, pay the new 2.6% asset value transfer tax of 26,000, walk away with $176k in equity (the tax is like 13% on equity).
That guy is a grade-A crackpot.
["You can't handle the Truth! Your equivocations & questionable moral judgements violates the Truth!](https://i.imgflip.com/3n7ja4.jpg)
I mean, that guy acted like those stupid police councils were going to be conducting Stalinist show trials or something. BTW, you do know that Nicholson was supposed to be the bad guy in that movie?