Budget + Tax

66% Tax Increase Faced by Illinois Families

66% Tax Increase Faced by Illinois Families

The projections for a 66 increase to the income tax – a hike from 3 to 5 percent – with the standard $2,000 per person deduction.

Impact of a 75% Hike: Diminishing Discretionary Income

Impact of a 75% Hike: Diminishing Discretionary Income

$500. $720. $1,000. These may seem like small sums compared to your total salary, but the amount a Quinn/Cullerton/Madigan tax hike will carve into your discretionary income is painfully revealing.

Will You Veto Anything Over 1%

Will You Veto Anything Over 1%

During the campaign Governor Quinn suggested that he would veto tax hike over 1%, now what?

75% TAX HIKE

75% TAX HIKE

Reports indicate Democratic leaders have agreed on a plan to hike the state income tax by a whopping 75 percent. Or maybe even 83 percent.