Enough
is Enough

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

  • 19.03.2019
  • 10
  • 0
back to news

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.

Click here to read more

10

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest in News

  • 18.04.2019
  • 3
  • 0

The Daily Northwestern: Evanston residents gather to hear Pritzker’s budget plan, expressing concern over proposed pension liabilities

  • 18.04.2019
  • 3
  • 0

State Journal-Register: Ralph Martire- Progressive tax will help Illinois address its problems

  • 18.04.2019
  • 1
  • 0

Crain’s Chicago Business: Before you attack Pritzker’s tax plan, get the details right