September 17, 2014

Alston Telegraph: Illinois Not the Worst–for Once

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It’s always nice when Illinois is not at the absolute bottom of a list. Imagine — finding a reason to rejoice because we are not the worst.

So WalletHub study author John S. Kiernan first tried to determine what constitutes a fair state and local tax system. His crew started with an online survey to gauge what was fair — from a percentage standpoint — corresponding to income levels. After equalizing those numbers to take out the variants that come from such things as a race, gender, political leanings and any number of other factors, the perception was compared to the reality of data from the Institute on Taxation and Economic Policy. A formula was applied that helped provide the rankings.That’s just sad.

 



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