Kiplinger report finds Illinois’ sales, income and property taxes on middle-income families rank among the highest in the nation, making prospective residents think twice about moving to the state.
Within 20 years the portion of Illinoisans hit with the progressive tax hike would grow by over 150% if the rate of inflation mirrored the past two decades.
Illinois Gov. J.B. Pritzker calls it the “fair tax.” Opponents say it’s a “blank check” for irresponsible spending. Here’s what you need to know.
The progressive tax’s structure fails to account for inflation and includes a marriage penalty for 4 million Illinoisans. It is designed to creep farther into taxpayers’ wallets.
Taxes alone hike the average Illinois cellphone bill by 31%.
Less than half of Illinois households are defined as middle class.
Bad zoning laws drive up the cost of home ownership and put a middle-class lifestyle out of reach for too many Chicagoans.
If Illinois had simply broken even on domestic migration, there likely wouldn’t be much of a budget problem.