Taxing Retirees?


Just weeks before Gov. Pat Quinn is set to make his budget address, government watchdog group The Civic Federation releases a proposal it says will balance the state’s budget. The plan would pay down the state’s backlog, but would impose a tax on pension and social security income. Civic Federation President Laurence Msall and State Director for AARP Illinois Bob Gallo discuss how the proposal could affect retirees.


Read the full report here and view the graphics below for more information.

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Source: The Civic Federation

Source: Kiplinger

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