jim tobin

Taxpayers at LiberTEA Fest 2019



Taxpayers were in Galesburg Saturday, September 7, 2019 for the wonderful IL LiberTEA Fest 2019. Jim Tobin, President of TUA gave a speech exposing the Illinois government pension scam. Local taxpayers were amazed at just how much former government employees were receiving. For example: Ronald L. Cope, who retired at the age of 56 receives an annual taxpayer funded pension of $142,268 a year! Ronald, and many other goons were listed on a flyer handed out to the crowd. These flyers were so popular they ran out.

Jim Tobin will be visiting another city to release even more government pension data soon. Will it be your city? Stay tuned!

Click HERE to view top Galesburg Govt. Pensions as a PDF.

Rockford Property Taxes Going Up to Fund Gov. Pensions!

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Rockford, IL – Taxpayer Education Foundation (TEF) today released its updated study on Rockford-area government pensions including the top 200 pensions in the Teachers Retirement System (TRS), Illinois Municipal Retirement Fund (IMRF), and the State University Retirement System (SURS). Based on the TEF pension study, Taxpayers United of America (TUA) issued the following statement:

“IMRF pensions, largely kept afloat by property taxes of homeowners and businesses, hit Rockford taxpayers particularly hard. Rockford is right up there with New York and New Jersey. With the fourth highest property taxes in the entire country, Rockford is especially burdened by an effective tax rate of 2.83%,” said Jim Tobin, president of TUA.

“For many homeowners, this means that their property taxes meet or exceed their actual mortgage payment, although this is financially detrimental to every property owner in Rockford.”

“We have passed the point where the government bureaucrats who made these outrageous promises can tax their way out of the problem, although they will try their damndest. This is why Springfield Democrats have put on the 2020 statewide ballot the Income Tax Increase Amendment.

Cook County machine Democrat, Gov. Jay Robert “J. B.” Pritzker and his buddy, Chicago Machine Boss, Michael J. Madigan, Democrat Speaker of the Illinois House, are hoping to keep propping up the pension system by increasing the income tax under the guise of a ‘more fair’ graduated state income tax.”

“I guarantee that the middle class will be hit the hardest by the Income Tax Increase Amendment, as well as all of the new and higher taxes they are implementing.”

  • Click here to see the top 200 Rockford TRS pensions
  • Click here to see the top 200 Rockford and Winnebago County IMRF pensions
  • Click here to see the top Rockford SURS pensions

“Rockford taxpayers, because of their comparatively high property tax rate, will be hit harder by the Pritzker Income Tax Increase Amendment than most Illinoisans.”

“When you look at what the individual government retirees are actually collecting in taxpayer funded pensions, you can get a better idea of why this theft of taxpayer wealth is so egregious. Keep in mind that the average taxpayer will collect only about $17,500 a year from Social Security, and that IMRF pensioners are also eligible for a Social Security pension.”

Paul A. Logil retired from the Winnebago County government and collects an annual pension of $168,424. He retired at the age of 55 and paid $224,614 into the IMRF. His estimated lifetime pension payout is approximately $4,329,741. Paul is also eligible for a social security pension.

Alan S. Brown retired from Rockford SD205 at the age of 55. His current annual pension is $183,329. He paid only $175,892 into TRS and his estimated lifetime payout is $5,321,315.

Karl Jacobs retired from Rock Valley College. His current annual pension of $179,592 is more than the $159,281 he paid into SURS. His estimated lifetime pension payout is $2,833,620.

“What is most troubling about the pension crisis is that none of the elected bureaucrats are willing to do anything to fix the problem. Speaker Madigan obviously is hoping to prop this system up just long enough for him to retire, and escape all responsibility for the financial demise of Illinois.

“All Illinois government new hires should be placed in a 401(k) style retirement savings account beginning immediately, and the retirement age should be increased to 65. These measures would at least slow the bleeding until comprehensive pension reform can be enacted,” said Tobin.

PRITZKER AND MADIGAN TO PUSH ILLINOIS OVER THE EDGE WITH THEIR PROPOSED GRADUATED STATE INCOME TAX INCREASE

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Illinois taxpayers—and the state itself—have never been in a more precarious situation than now. Gov. Jay Robert “J. B.” Pritzker, a creature of the Cook County Democrat political machine, and Chicago machine boss and Ill. House Speaker Michael J. Madigan, rammed through the Illinois General Assembly a graduated income tax increase amendment to the Illinois Constitution that will appear on the statewide ballot.

“This proposed change in the state income tax is a financial nightmare,” said TUA president Jim Tobin. “If the Democrats are successful in hoodwinking the state’s voters into passing it, the amendment will drive more taxpayers and businesses out of Illinois. It will put the state in a death spiral. The state is not far from that point now. This amendment would put the state over the edge.”

Rates for individuals under Pritzker’s plan would jump to nearly 8 percent for anyone earning more than $250,000 per year. For those with incomes of more than $1 million annually, the 7.95 percent rate would not be marginalized—it would be applied to every dollar, not just income of more than $1 million!

“Make no mistake: this is a planned tax increase on the state’s middle class,” said Tobin. “Pritzker says the high upper rates would apply only to the state’s ‘rich,’ but, for Pritzker, the middle class is what he defines as rich.”

“In the early 1900s, the federal income tax was passed with the same promise that it would apply just to the rich. How has that worked out?”

“We defeated the Berman income tax increase amendment in 1992, and we can defeat the Pritzker income tax increase amendment.”

“We will get in touch with taxpayers across the state, especially the suburbs in the most heavily populated counties, to help them organize and spread the word against this ballot measure,” said Tobin. “We will meet with voter groups in person, contact them by direct mail, and by email. There is no inexpensive way to do this, but the stakes are too high for us to hold back.”

“We will use all our resources to fight this horrendous state income tax increase amendment, because if it passes, it will be the end of the State of Illinois.”

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DISCLAIMER

Taxpayers United Of America: (TUA). is a nonpartisan, 501(c)(4) taxpayer advocacy group. Founded June 27, 1976 in Chicago, Illinois by activist and economist Jim Tobin, TUA works on behalf of taxpayers to reduce local, state, and federal taxes. In the past forty years, TUA has saved taxpayers more than $200 billion n taxes and has become one of the largest taxpayer organizations in America. Check All posts. s.

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Chicago, IL 60606 205 W. Randolph Street, Suite 1305
Phone: (312) 427-5128
Fax: (312) 427-5139
Website: https://taxpayersunitedofamerica.org
Email: info@taxpayersunited.org

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