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Governor Opposes Retirement Tax

A number of plans for new taxes or revenue are coming to the surface at the Capitol. One of them is starting to tax retirement income.

 

Once that idea started gaining attention the push back was strong from groups like AARP. Governor Bruce Rauner says he has been open to potential new revenue sources but a retirement tax would not be one.

 

 

More than half of the states tax some form of retirement income. But Illinois has no tax on income from pensions or social security.
 

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