http://thejustlife.org/home/2008/04/04/12-principles-for-a-just-society/ To be saved cost us nothing...to be a disciple costs us everything. Fri, 23 Jul 2010 12:48:38 +0000 hourly 1 http://wordpress.org/?v=3.0 http://thejustlife.org/home/2008/04/04/12-principles-for-a-just-society/comment-page-1/#comment-2447 Paul Sun, 06 Apr 2008 18:36:35 +0000 http://thejustlife.org/home/2008/04/04/12-principles-for-a-just-society/#comment-2447 A proposal in Springfield to adopt a progressive income tax is consistent with these principles. Illinois now has one of the most regressive tax systems of any state. The proposal, HJRCA 42 by Rep. Mike Smith, would raise the tax rate for those earning $250K or more to 6% from the current 3%, and would raise the standard exemption from $2,000 to $4,500. The net result would be tax relief for 95% of taxpayers, and a stiff tax hike for 5%. Part of the revenues would go to boost funding for poor school districts. Illinois has the second biggest disparity in funding between rich and poor districts. A proposal in Springfield to adopt a progressive income tax is consistent with these principles. Illinois now has one of the most regressive tax systems of any state. The proposal, HJRCA 42 by Rep. Mike Smith, would raise the tax rate for those earning $250K or more to 6% from the current 3%, and would raise the standard exemption from $2,000 to $4,500. The net result would be tax relief for 95% of taxpayers, and a stiff tax hike for 5%. Part of the revenues would go to boost funding for poor school districts. Illinois has the second biggest disparity in funding between rich and poor districts.

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