reason10 Posted July 29, 2023 Report Posted July 29, 2023 https://www.foxbusiness.com/politics/chicago-considers-controversial-tax-hike-property-sales-1m-fund-homeless-housing Chicago considers controversial tax hike on property sales over $1M to fund homeless housing Chicago City Council considering putting real estate transaction tax hike on ballot as referendum Chicago could be hit with a controversial new real estate transfer tax increase on properties above $1 million to build permanent supportive housing units for the homeless. But the proposal could place an additional burden on an already-struggling real estate climate in the Windy City, some realtor groups fear. The proposal, known as the Bring Chicago Home plan, was discussed at length during a subject hearing by the city’s housing committee Thursday afternoon. The tax rate would jump from 0.75% to 2.65%. The so-called "mansion tax," proponents claim, could bring in upward of $163 million annually. In a January 2023 point-in-time count, the city estimated it had more than 6,100 homeless people. Chicago's National Socialist policie CREATED homelessness in that town. And now they want the ACHIEVERS to pay to bail them out. Sheesh! And we were worried about a bunch of entitled a$$holes from California and New York coming to Florida to escape the Hitler effect. Now we gotta make room for blue voting Chicagoans who are too stupid to realize THEIR VOTE CREATED IT. Quote
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