Evanston Now: Illinois Tax System Among the Most Regressive
media mentionA 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