Study: Illinois among highest tax rates in the country
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.