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Wednesday, March 9, 2011

Illinois Senate president wants to look at taxing retirement income

The state does not currently tax pensions or retirement funds such as 401(k) plans, but Cullerton told a City Club of Chicago luncheon that should take place as part of an overall look at what he said was Illinois' "outdated" tax system.

"It would just be a matter of fairness," said Cullerton, a Chicago Democrat.....

Fair to whom?? Remember when several laughed when I said they would come for the pensions...Who's laughing now??

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