This is what the West Garfield neighborhood looks like:
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As just about everybody on the planet knows, President Obama also has a home in Chicago. Six-thousand-plus square feet, 7 baths, etc. It looks like this:
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Obama's taxes are going up 1% this year.
That's the same rate of increase as for the Illinois Treasurer, Alexi Giannoulias. Mayor Richard Daley's property taxes went up 3.5%. Rahm Emanuel's went up 3.7%.
Surely there's a great explanation. Because taxes will not be going up for the middle class, just the rich. We have that on good authority.
Hat tips: Economic Policy Journal, TaxProf Blog.
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