Patch on Politics
Income Taxes Leave You Feeling Flat?
State legislature may consider whether to move to a graduated income tax rate, meaning those who earn more would pay more.
Did the tax man take a big bite out of your wallet this month? With tax season almost behind us, let's take a look at an issue before the state legislature — should Illinois switch from a flat income tax rate to a graduated rate? The last year Illinoisans escaped paying income tax to the state was 1969. Just seven states still collect no income tax. Thirty-four states use the graduated income tax system, while eight others join Illinois in imposing one rate on all. Our friends at Reboot Illinois put together a graphic look at various aspects of the flat tax vs. graduated tax debate, excerpted here on Patch. Check out the full graphic at RebootIllinois.com. Want to know more? This article is posted throughout the Chicago-area Patch network…
Dennis Robaugh
8:58 pm on Thursday, April 25, 2013
Comments on this article are now closed. Much appreciation to everyone who made interesting points on the flat tax vs. the progressive tax. And thank you, BUTCH, for sending the conversation down a path that ultimately led us to close the comments for everyone. more ›