Capital Fax: Illinois has fifth most regressive state/local taxation in nation
media mentionA new study by the Institute on Taxation and Economic Policy (ITEP) and the Fiscal Policy Center at Voices for Illinois Children finds that the lowest income Illinoisans pay nearly three times more in taxes as a percent of their income compared to the state’s wealthiest residents.
The study, Who Pays?, analyzes tax systems in all 50 states and factors in all major state and local taxes, including personal and corporate income taxes, property taxes, sales and other excise taxes. Unfortunately, Illinois ranks fifth worst in ITEP’s “Terrible 10” states with the most unfair, or regressive, tax systems. Among Midwestern states, Illinois is the worst.