About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 Curtis S. Dubay & Chris Atkins, Movin' on Up: Blagojevich Tax Increase Would Move Illinois into Top 10 on State and Local Tax Burden 1 (2007)

handle is hein.taxfoundation/ffidxz0001 and id is 1 raw text is: TAX FOUNDATION April 16, 2007 Movin' on Up: Blagojevich Tax Increase Would Move Illinois into Top 10 on State and Local Tax Burden by Curtis S. Dubay and Chris Atkins Fiscal Fact No. 83 Governor Blagojevich's proposal to increase tax revenues by at least $7.1 billion through two new business taxes would give Illinois taxpayers one of the highest tax burdens in the nation. Indeed, if the Governor's plan had already been fully implemented this year, Illinois taxpayers would be paying the 9th highest tax burden instead of the 22nd highest. Two weeks ago the Tax Foundation released its annual estimate and ranking of state and local tax burdens.1 That report revealed that Illinois citizens are paying a state-local tax burden that is middle-of-the-road: 10.8 percent of their income. That ranks Illinois 22nd highest among the 50 states. Among Midwestern states, Illinois has the second lowest tax burden, only bested by Indiana where taxpayers pay 10.7 percent of income in state and local taxes (see Table 1). Table 1: State and Local Tax Burdens in the Midwest Region, 2007 State and Local Taxes as a 50-State Rank State Percentage of Income (1 is highest) ............................. s t ~ t e ...........................................................................................h...e.t................... Illinois 10.8% 22 Indiana 10.7% 25 Michigan 11.2%o 14 Ohio 12.4% 5 Wisconsin 12.3% 7 Source: Tax Foundation calculations based on data from the Bureau of Economic Analysis and the Census Bureau in the U.S. Department of Commerce. Governor Blagojevich's FY 2008 budget plan would raise this $7.1 billion in new revenue by enacting new business taxes on gross receipts and payroll. The gross receipts tax would raise the bulk of the revenue with a large, hidden tax on all businesses2 that would exceed any tax increase passed by any state this decade.3

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most