• HOME :
  • NEWS :
  • EXEMPTIONS AND DEDUCTIONS GIVE LOW-INCOME ILLINOISANS LESS THAN HALF TAX RATE OF ‘RICH’

Exemptions and deductions give low-income Illinoisans less than half tax rate of ‘rich’

OCTOBER 2, 2020 | by Bryce Hill, Ben Szalinski | ILLINOIS POLICY INSTITUTE

By Bryce Hill and Ben Szalinski, includes “Supporters of Gov. J.B. Pritzker’s progressive income tax amendment have been using ads to claim state lawmakers need new taxing power to ensure low-income and middle-class taxpayers aren’t paying the same as millionaires and billionaires. But thanks to exemptions and deductions already in the tax code, the lowest 20% of income earners already pay less than half the rate of the top 20% of earners. Like progressive tax supporters want, Illinois’ poorest taxpayers pay the lowest rate …” 

VIEW LESS