A WalletHub report examining economic racial inequality ranked Illinois No. 50 for disproportionate rates of unemployment, income, poverty, homelessness and representation in business leadership between Black and white residents.
A new study shows Illinois is the least tax-friendly state in the nation. A family making the median national income in the median valued home pays 16.8% of their income to taxes, more than any other state.
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...