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Posted: 3/12/2024 8:06:24 AM EDT
As the title says, I've finally escaped from JB & BJs gulag. I defected to TN and I'm so happy to get the stench of IL off of me.
I feel for those stuck there, I understand many don't have a choice but to say. IL really seems to be on the road to becoming a police state at an accelerating pace. Peace out brothers! |
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IL, USA
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Posted: 3/12/2024 10:13:45 AM EDT
[#1]
"On the road."? We passed there about 20 years ago. My parents worked their butts off so we could own farmland. The trouble is they chose the wrong state 60 years ago. We can move, but we have not found the trailer hitch on the acrage we own. The best part is that Illinois has a nasty estate tax on estates over four millions dollars. That 4 million only yields $40,000 of income or one percent return. BTW, the estate tax is roughly 10 percent which will wipe out all our cash assets. Yeah we could sell it, and move, but you hate to give up something that has been in the family for almost two centuries in the case of my wife, and that your ancestors sacrificed so much for us to own. My farm has only been in the family since the 1930's.
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Posted: 3/12/2024 10:23:44 AM EDT
[#2]
Quote HistoryOriginally Posted By Skunkhunter: "On the road."? We passed there about 20 years ago. My parents worked their butts off so we could own farmland. The trouble is they chose the wrong state 60 years ago. We can move, but we have not found the trailer hitch on the acrage we own. The best part is that Illinois has a nasty estate tax on estates over four millions dollars. That 4 million only yields $40,000 of income or one percent return. BTW, the estate tax is roughly 10 percent which will wipe out all our cash assets. Yeah we could sell it, and move, but you hate to give up something that has been in the family for almost two centuries in the case of my wife, and that your ancestors sacrificed so much for us to own. My farm has only been in the family since the 1930's. Can't you just put the estate in an irrevocable trust to avoid estate taxes? |
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Posted: 3/12/2024 10:54:35 AM EDT
[#3]
Originally Posted By handyandy: As the title says, I've finally escaped from JB & BJs gulag. I defected to TN and I'm so happy to get the stench of IL off of me. I feel for those stuck there, I understand many don't have a choice but to say. IL really seems to be on the road to becoming a police state at an accelerating pace. Peace out brothers! Congrats man, we got out about 4 months ago, and although it was expensive and painful to pick up the home and company and move away from family, getting out of Illinois was the best decision we could have made. Sven Manticore Arms |
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Posted: 3/17/2024 11:46:26 AM EDT
[#4]
Originally Posted By handyandy: As the title says, I've finally escaped from JB & BJs gulag. I defected to TN and I'm so happy to get the stench of IL off of me. I feel for those stuck there, I understand many don't have a choice but to say. IL really seems to be on the road to becoming a police state at an accelerating pace. Peace out brothers! Congrats! |
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Posted: 3/20/2024 11:49:24 AM EDT
[#5]
Congrats Andy.
The makers leave and the takers stay. It's a death spiral. |
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IL, USA
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Posted: 3/20/2024 1:43:00 PM EDT
[#6]
Originally Posted By handyandy: As the title says, I've finally escaped from JB & BJs gulag. I defected to TN and I'm so happy to get the stench of IL off of me. I feel for those stuck there, I understand many don't have a choice but to say. IL really seems to be on the road to becoming a police state at an accelerating pace. Peace out brothers! Well done and congrats! VooDoo |
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Posted: 3/22/2024 8:04:30 PM EDT
[#7]
Congratulations! I made the move to Missouri a few years ago and love it here. It's like a different country compared to Illinois.
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