on March 16, 2026, 14:33:39, in reply to "My neighbor is a few years older than us, went to Illinois State, and is close"
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to beginning to collect on her Tier 1 pension with 25 years of service. Her husband worked for DuPage County and is vested as well.
They moved here because their pay was relatively low and they were upset with paying over a grand a month in property taxes. Uber, uber, uber libs. Previous Message
from the arduous job of being a French teacher at Geneva High. She started collecting right away.
The only thing that is odd is wondering why our state is broke. In fairness, that was under the old (Tier 1) system, but still. Previous MessagePrevious Message
Around the 30 year service mark they are averaging about $130k. So They can retire at 55 and make 50% of their last 5 years in pension if they want...so $65k annually at 55....more if they wait. Previous MessagePrevious Message
"GOP-led states are looking to entice new residents with lower taxes, while Democratic-led states seek higher taxes on top earners to shore up budgets and social services."
Republican-led states are racing each other to flatten, cut and eliminate individual income taxes, with 23 states lowering their top income-tax rates since 2021....
Democratic-controlled states are moving the opposite way, pushing to increase taxes on top earners to combat inequality and plug budget holes....
The middle ground is quickly disappearing. In 2006, 15 states had top income-tax rates on wage income below 5% and just one exceeded 10%, according to the Tax Foundation, a group that favors lower rates and fewer breaks. Now, more than half of the states have gone below 5% and five others plus the District of Columbia are in double digits....
Jared Walczak, who analyzes state policy for the Tax Foundation, said he expects the divergence to continue as states pick one path or the other.
“I expect a hollowing out of the middle,” he said. “There will be very little that’s attractive about being broadly average.”
The article goes into detail on plans in some states, such as Missouri. This is typical, as in these comments about Washington state's new income tax.
“We value having millionaires and billionaires here. We value the jobs that the tech sector and biotech and aerospace and agriculture” bring, [the house majority leader] said. “But we also think that those very highest-income earners can do more to support the things that we need for our state to be a good place to live.”
Drew Stokesbary, the House minority leader, said the tax could spark capital flight and discourage the entrepreneurship that made Washington successful. He attributed the state’s fiscal challenges to excessive spending growth and said he worries that a millionaires tax could expand.
Uneducated Redneck Piece of Shit10
