Explore our content

All types | All dates | All authors
Flat tax
PI Original
by Ellyn Fortino
7:14pm
Wed Mar 11

Report: 'Tax Fairness' Key To Solving Illinois Budget Crisis

Illinois could generate up to $8.6 billion in new revenue annually if it were to embrace "tax fairness," according to a new report by Good Jobs First and the Keystone Research Center.

Quick Hit
by Ellyn Fortino
7:10pm
Mon Jan 26

Study: Low-Income Illinoisans Hit Hard Under State's Tax System

Low-income Illinoisans have the third-highest state and local tax burden in the nation, according to a new study by the Institute on Taxation and Economic Policy (ITEP) and the Fiscal Policy Center at Voices for Illinois Children.

The study, which examined the distribution of all major state and local taxes by income group in all 50 states and the District of Columbia, showed that the poorest Illinois residents currently pay almost three times more in taxes as a percent of their income compared to the richest Illinoisans.

Illinois' effective tax rates by income group are 13.2 percent for those in the bottom 20 percent of the income scale, 10.8 percent for the middle 20 percent and 4.6 percent for the top 1 percent, according to the study.

Quick Hit
by Ashlee Rezin
5:05pm
Tue Apr 15, 2014

On Tax Day, Activists Urge Illinoisans To Support A Graduated Income Tax (VIDEO)

Considering taxes are on the minds of many today, activists gathered outside of a downtown Chicago post office to campaign for a graduated income tax rate in Illinois.

“This flat tax that people in this state are burdened with right now is totally unfair and makes the poor and middle class pay more in taxes than people who can really afford it,” said Bob Gallie, a volunteer for A Better Illinois.

Gallie was one of a handful of activists with the statewide coalition who passed out literature in Federal Plaza, 230 S. Dearborn St., Tuesday afternoon, urging people to support a “fair” tax, which would implement higher tax rates for those with higher income levels, and lower rates for people who bring in less income.

With the use of the group's Illinois Fair Tax Calculator, activists were able to show people passing through the plaza that they could likely save money on their taxes if the state had a progressive tax rate.