Quote:
Originally Posted by Light
The rate increase might be the biggest any state has adopted in percentage terms while grappling with recent economic woes. Nevertheless, Illinois' tax rate would remain lower than in several other states in the region.
The increase now goes to Democratic Gov. Pat Quinn, who supports the plan to temporarily raise the personal tax rate to 5 percent, a two-thirds increase from the current 3 percent rate. Corporate taxes also would climb as part of the effort to close a budget hole that could hit $15 billion this year.
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Plus 6.25% - 8% sales tax (depending on where you live.)
Plus property taxes.
Oregon has a tax rate that varies from 5 - 9 percent based on income but NO sales tax.
Washington State has no income tax but has sales tax.
Illinois taxes income, taxes purchases, and taxes property so a huge jump in income tax is a big deal.
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