Re: Illinois is broke
...
That is written into the state Constitution (ratified 1970), Article IX, Section 3(a):
Illinois actually has a "flat" income tax. Their income tax is just something like four or five percent of your income, across the board. I think it's been that way for a long, long time.
That is written into the state Constitution (ratified 1970), Article IX, Section 3(a):
SECTION 3. LIMITATIONS ON INCOME TAXATION
(a) A tax on or measured by income shall be at a non-graduated rate. At any one time there may be no more than one such tax imposed by the State for State purposes on individuals and one such tax so imposed on corporations. In any such tax imposed upon corporations the rate shall not exceed the rate imposed on individuals by more than a ratio of 8 to 5.
Last edited: