Illinois’ budget impasse continues and poor folks are getting hurt bad by the cuts in services. But even with a budget, Illinois couldn’t pay its bills because of a constitutional prohibition against a graduated, progressive income tax.
In simple English? The richest of the rich pay the same rate on their income as you do. And some pay less.
Who are we talking about?
Forbes’ Magazine published it list of international and Illinois billionaires. They mostly did better this year than last.
How did you do?