A new study from the Institute on Taxation and Economic Policy says Illinois residents face one of the most regressive state and local tax systems in the nation.
The institute — which defines regressive taxation as a system in which lower income people pay a higher percentage of their income in taxes than those who are more well to do — says Illinois ranks 5th in the nation for regressiveness — behind only Washington State, Florida, Texas and South Dakota.
A new study from the Institute on Taxation and Economic Policy says Illinois residents face one of the most regressive state and local tax systems in the nation.
The institute — which defines regressive taxation as a system in which lower income people pay a higher percentage of their income in taxes than those who are more well to do — says Illinois ranks 5th in the nation for regressiveness — behind only Washington State, Florida, Texas and South Dakota
– See more at: http://evanstonnow.com/story/government/bill-smith/2015-01-20/68240/illinois-tax-system-among-most-regressive#sthash.5isOMnGz.dpuf
