The State's Credit Fundamentals Continue to Improve

18 Fair Income Tax Rates Proposal Single & Joint Filers Fair Income Tax Proposal Rates (Without Credits) Marginal Rates Net Income Level % of IL Taxpayers 8.50% Households 8.00% 4.75% $0-$10,000 27.2% Seeing Tax Relief 4.90% $10,001 - $100,000 58.9% 7.50% 7.95% (97% of IL) 7.02% 6.92% 6.80% 4.95% |$100,001 - $250,000 11.1% 7.00% 6.63% 7.75% $250,001 - $500,000 1.9% 7.85% $500,001 - $1,000,000 0.6% Tax Rate 6.50% 6.00% 7.95% Over $1,000,000 0.3% In addition... 97% of earners get tax relief 20% Increase in Property Tax Credits $100 Per Child Tax Credit 5.50% 5.00% 4.75% 4.50% 4.88% 4.92% 6.07% 6.40% 5.54% 4.00% 5,000 85,000 165,000 245,000 325,000 405,000 485,000 565,000 645,000 725,000 Filer Net Income 805,000 885,000 965,000 Effective Rate 1,045,000 1,125,000 1,205,000 AL OF THE STAT OF ILLINO AUG. 26 1818

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