The Fair Tax Will NOT Tax Your Retirement Income

(via the Illinois Federation of Teachers)

Your retirement income is safe if the Fair Tax passes. Illinois law prohibits taxing retirement income, and doing so would require separate legislation that would be difficult, if not impossible to pass. In fact, passing the Fair tax is a good way to ensure this never happens! With the Fair Tax, the state will be able to raise much-needed revenue from those who can afford it (people earning over $250,000) instead of over-taxing working families or proposing a tax on retirees. That’s why the Fair Tax is endorsed by the AARP and labor unions around the state – the same unions who fight to protect retirement security year after year. Please, vote YES for the Fair Tax amendment on the ballot this fall and bring fairness to our tax system.