Public News Service: Illinois Poor Face Unfair Tax Burden

A new study finds Illinois’ poorest residents are paying almost three times more in taxes than the top one percent of earners. According to the Institute on Taxation and Economic Policy, the state takes a much greater share of income from middle and low income families than from the wealthy.

Meg Wiehe, the institute’s state policy director, says changes in tax policies could help solidify the state budget.

“If you have a state tax system that hitches its wagon to those at the very bottom, whose incomes are stagnant or even declining, rather than taking an adequate share from those at the top who are seeing their incomes growing, there could be major consequences for the state’s ability to raise adequate revenue,” says Wiehe.
– See more at: http://www.publicnewsservice.org/2015-01-19/budget-policy-and-priorities/report-illinois-poor-face-unfair-tax-burden/a44064-1#sthash.wXVY6JsJ.dpuf

A new study finds Illinois’ poorest residents are paying almost three times more in taxes than the top one percent of earners. According to the Institute on Taxation and Economic Policy, the state takes a much greater share of income from middle and low income families than from the wealthy.

A new study finds Illinois’ poorest residents are paying almost three times more in taxes than the top one percent of earners. According to the Institute on Taxation and Economic Policy, the state takes a much greater share of income from middle and low income families than from the wealthy. – See more at: http://www.publicnewsservice.org/2015-01-19/budget-policy-and-priorities/report-illinois-poor-face-unfair-tax-burden/a44064-1#sthash.wXVY6JsJ.dpuf A new study finds Illinois’ poorest residents are paying almost three times more in taxes than the top one percent of earners. According to the Institute on Taxation and Economic Policy, the state takes a much greater share of income from middle and low income families than from the wealthy. – See more at: http://www.publicnewsservice.org/2015-01-19/budget-policy-and-priorities/report-illinois-poor-face-unfair-tax-burden/a44064-1#sthash.wXVY6JsJ.dpuf A new study finds Illinois’ poorest residents are paying almost three times more in taxes than the top one percent of earners. According to the Institute on Taxation and Economic Policy, the state takes a much greater share of income from middle and low income families than from the wealthy. – See more at: http://www.publicnewsservice.org/2015-01-19/budget-policy-and-priorities/report-illinois-poor-face-unfair-tax-burden/a44064-1#sthash.wXVY6JsJ.dpuf

A new study finds Illinois’ poorest residents are paying almost three times more in taxes than the top one percent of earners. According to the Institute on Taxation and Economic Policy, the state takes a much greater share of income from middle and low income families than from the wealthy.

Meg Wiehe, the institute’s state policy director, says changes in tax policies could help solidify the state budget.

“If you have a state tax system that hitches its wagon to those at the very bottom, whose incomes are stagnant or even declining, rather than taking an adequate share from those at the top who are seeing their incomes growing, there could be major consequences for the state’s ability to raise adequate revenue,” says Wiehe.
– See more at: http://www.publicnewsservice.org/2015-01-19/budget-policy-and-priorities/report-illinois-poor-face-unfair-tax-burden/a44064-1#sthash.wXVY6JsJ.dpuf

A new study finds Illinois’ poorest residents are paying almost three times more in taxes than the top one percent of earners. According to the Institute on Taxation and Economic Policy, the state takes a much greater share of income from middle and low income families than from the wealthy.

Meg Wiehe, the institute’s state policy director, says changes in tax policies could help solidify the state budget.

“If you have a state tax system that hitches its wagon to those at the very bottom, whose incomes are stagnant or even declining, rather than taking an adequate share from those at the top who are seeing their incomes growing, there could be major consequences for the state’s ability to raise adequate revenue,” says Wiehe.
– See more at: http://www.publicnewsservice.org/2015-01-19/budget-policy-and-priorities/report-illinois-poor-face-unfair-tax-burden/a44064-1#sthash.wXVY6JsJ.dpuf

A new study finds Illinois’ poorest residents are paying almost three times more in taxes than the top one percent of earners. According to the Institute on Taxation and Economic Policy, the state takes a much greater share of income from middle and low income families than from the wealthy.

Meg Wiehe, the institute’s state policy director, says changes in tax policies could help solidify the state budget.

“If you have a state tax system that hitches its wagon to those at the very bottom, whose incomes are stagnant or even declining, rather than taking an adequate share from those at the top who are seeing their incomes growing, there could be major consequences for the state’s ability to raise adequate revenue,” says Wiehe.
– See more at: http://www.publicnewsservice.org/2015-01-19/budget-policy-and-priorities/report-illinois-poor-face-unfair-tax-burden/a44064-1#sthash.wXVY6JsJ.dpuf