![]() ![]() It's all being marketed as a plan to get more money from the state's richest. He even put up a tax calculator to allow people to see what they'd save. Pritzker is calling it a "fair" tax and claiming that 97 percent of Illinois residents will actually see their income taxes decline with the new rates. So voters will consider referendum SJR1, officially titled " Illinois Allow for Graduated Tax Amendment." Pritzker isn't just the amendment's top spokesman he's also far and away the amendment's biggest financial backer, contributing more than $56 million to the committees pushing for its passage. Having a flat tax is embedded in the state's constitution, so lawmakers need to get voters to approve a rewrite in order to actually implement the tax change. Their proposed graduated tax system would slightly cut taxes for people making less than $100,000 a year, but dramatically increase the tax rate for those making more than $250,000 a year to 7.75 percent at a minimum. State lawmakers already approved a bill for this transition in June 2019. Pritzker, want to change the flat tax to a graduated income tax in order to jack up the rate on the state's wealthiest citizens. But Illinois is one of only 11 states that have a flat income tax rate for all residents, regardless of income bracket. The state currently ranks seventh nationally in sales taxes and second in property taxes. ![]() Citizens of Illinois pay a lot of taxes, but on Election Day, state leaders are begging its residents for permission to tax them even more. ![]()
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