Tag: tax burden

Illinois tax burden reported up to number 11 compared to other states (before the big tax hike)

According to a report released today by the Tax Foundation and reported in Crain’s, the state tax burden for Illinoisans moved up two notches to make us the eleventh highest among states. However, the study was based on 2010 taxes and does not include the “temporary” 66% increase of the personal income tax and the increase in corporate income taxes that went into effect last year.  Nor does it include the over $200 billion in unpaid liabilities including unfunded pensions, which effectively are tax bills that the state just stuck in the drawer and hasn’t sent out yet.

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