Tag Archives: tax rate

Illinois tax increase: why lawmakers passed 66 percent income-tax hike

NewsChicago.net

No other state has successfully raised income taxes to balance its 2011 budget. The Illinois tax increase would push the personal income tax rate from 3 percent to 5 percent. Illinois Gov. Pat Quinn speaks with reporters in his office at the Illinois State Capitol in Springfield, Ill., Wednesday, Jan. …

Read More »