Illinois Times: Angry Crowd Protests Rauner’s Budget

Herzenberg pointed out that Illinois was ranked fifth on the Institute on Taxation and Economic Policy’s (ITEP) ‘Terrible Ten’ list of states with the most regressive tax systems. He said Illinois’ tax system is regressive because high-income earners spend a smaller percentage of their income on sales and consumption taxes than low-income and middle-income earners, who have to spend a greater share of their income on things like groceries. He said the state’s top earners also pay a smaller share of their income on property tax.

“There’s only so much McMansion you can buy,” he said.

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