New Study: State’s Current Flat Tax System Overcharges Middle Class, Strains Public Budgets
La Grange: If Illinois were to join 33 other states in adopting a “progressive” or “graduated-rate” income tax system, most residents would pay less in income taxes, property taxes could be reduced by 10%, the state could eliminate its structural deficit while increasing investments in education and infrastructure, and the economy would grow by as much as $8 billion per year.
