Illinois personal income growth 2nd lowest in U.S. since Great Recession

By Bryce Hill
01/09/2020
Only Mississippi has fared worse than Illinois in personal income growth since the Great Recession hit at the end of 2007. Analysis shows state income taxes matter.

TAGS: corporate income tax, flat tax, graduated income tax, Great Recession, ILGA: Illinois General Assembly, Illinois, income, income growth, income tax, JB Pritzker, labor, marginal tax, personal income, population, progressive income tax, recession, Springfield, tax burden

Illinois saw nation’s worst population loss during the decade

By Orphe Divounguy, Bryce Hill
12/30/2019
Illinois suffered its sixth consecutive year of population decline in 2019, driven entirely by residents leaving for other states.

TAGS: 401(k), debt, flat tax, general revenue fund, Great Recession, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, JB Pritzker, job creation, Mike Madigan, outmigration, population, revenue, Springfield, tax burden, tax hikes, tax increase, U.S. Census Bureau, working-age

Illinois has a dirty little secret buried in its tax history

By Benjamin VanMetre
01/02/2014
Illinois has a dirty little secret buried in its tax history – the first income tax approved in Illinois was a progressive tax. Fortunately, the progressive tax was ruled unconstitutional and was never implemented. But now the threat of a progressive tax hike is back again. Originally, Illinois didn’t have an income tax. When the...

TAGS: fair tax, flat tax, graduated income tax, income tax, progressive income tax, taxes

Fighting the progressive tax in Illinois

By Benjamin VanMetre
12/27/2013
Fighting the progressive tax in Illinois The battle to raise taxes again is underway in Illinois. Politicians and special interest groups across the state have put a plan in motion to implement yet another income tax hike in Illinois – one that targets the state’s working- and middle-class residents. Politicians already pushed through a record...

TAGS: fair tax, flat tax, income tax, progressive income tax

Despite the many problems Illinois faces, there is much to be thankful for

By Matt Paprocki, Jane McEnaney
11/28/2013
Working at free market think tank in Illinois, it’s easy to get discouraged by bad policies. Despite the many problems Illinois faces, there is much to be thankful for. In the spirit of Thanksgiving, here are some of the things we are most thankful for this year: Illinois’ flat income tax. Illinois’ current flat tax...

TAGS: fair tax, flat tax, income tax, Jeanne Ives, Joe Sosnowski, Kyle McCarter, Matt Murphy, Patti Bellock, Ron Sandack, Tom Morrison

Illinois has fourth-largest portion of tax revenues coming from corporate income taxes in the nation

By Benjamin VanMetre
11/13/2013
Illinois’ corporate income tax rate is already the fourth-highest in the industrialized world. Yet some lawmakers want to push rates even higher. State Rep. Naomi Jakobsson, D-Champaign, wants swap out Illinois’ constitutionally protected flat rate income tax on corporations with a progressive income tax hike. And that would be on top of the fact that...

TAGS: corporate income tax, fair tax, flat tax, graduated income tax, Naomi Jakobsson, progressive income tax