Daily Chronicle: Illinois Gov. J.B. Pritzker unveils graduated tax calculator

SPRINGFIELD – Passage of a statewide graduated income tax structure isn’t possible until after November 2020, but Democratic Gov. J.B. Pritzker continued to stump for such a proposal Tuesday, announcing the launch of an online “fair tax calculator” during a Chicago news conference.

Per the calculator, which is available at  Illinois.gov/fairtaxcalculator, earners would not see an overall income tax increase under Pritzker’s plan until their taxable income reaches $252,336, putting them in the fourth of six proposed income brackets. The tax bill for such a household would be $1 more than if the income was taxed at the current flat rate of 4.95 percent.

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