Study: Illinois among highest tax rates in the country
SPRINGFIELD, Ill. (WICS) —
As the tax deadline looms, new information shows Illinois has the highest tax rate in the country.
The average household is taxed more than $8,300, that's for state and local taxes.
That's nearly 15 percent of the average household income of more than $55,000.
Tax Rates in Illinois (1=Lowest; 25=Avg.):
51st – Overall Effective State & Local Tax Rate
30th – Income Tax
50th – Real-Estate Tax
27th – Sales & Excise Taxes
2018 Taxpayer Survey
Fewer than 4 in 10 people are happy with President Trump’s tax reforms. 69% of people think the reforms are better for corporations than consumers, and 67% think they benefit the rich more than the middle class.
90% of people think the government currently does not spend their tax dollars wisely.
30% of people say making a math mistake is their biggest Tax Day fear, edging out not having enough money (29%) atop the list.
37% of people would move to a different country for a tax-free future. 24% would get an “IRS” tattoo, 22% would switch political parties, and 15% would take a vow of celibacy.
29% of people like their in-laws more than the IRS, 13% prefer cold showers, and 9% would take a traffic jam.
Courtesy of WalletHub.