Illinois’ Governor Begs Citizens To Let Government Tax Them Even More
Citizens of Illinois pay a lot of taxes, but on Election Day, state leaders are begging its residents for permission to tax them even more.
The state currently ranks seventh nationally in sales taxes and second in property taxes. But Illinois is one of only 11 states that have a flat income tax rate for all residents, regardless of income bracket. That rate is 4.95 percent. Democratic leaders, headed by Gov. J.B. Pritzker, want to change the flat tax to a graduated income tax in order to jack up the rate on the state’s wealthiest citizens.
State lawmakers already approved a bill for this transition in June 2019. Their proposed graduated tax system would slightly cut taxes for people making less than $100,000 a year, but dramatically increase the tax rate for those making more than $250,000 a year to 7.75 percent at a minimum.
Having a flat tax is embedded in the state’s constitution, so lawmakers need to get voters to approve a rewrite in order to actually implement the tax change. So voters will consider referendum SJR1, officially titled “Illinois Allow for Graduated Tax Amendment.” Pritzker isn’t just the amendment’s top spokesman; he’s also far and away the amendment’s biggest financial backer, contributing more than $56 million to the committees pushing for its passage.
Pritzker is calling it a “fair” tax and claiming that 97 percent of Illinois residents will actually see
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