The State's Credit Fundamentals Continue to Improve

A Call for a Fair Income Tax System Illinois' current tax structure is unfair and unsustainable. Illinois' fiscal health depends on the passage of a constitutional amendment to allow for a fair income tax system. Thirty-three states and the federal government have graduated income tax rates based on varying income levels. Only nine states tax income at a single rate. According to the Institute on Taxation and Economic Policy (ITEP), Illinois has the eighth most regressive tax system in the country. The lowest 20 percent of earners pay 6.8 percent of their income in sales and excise taxes while the top one percent of earners pays just 0.8 percent of their income in sales and excise taxes.1 OR ID States with Graduated Income Tax Systems MT MN WI VT ΝΗΠΙ WY NE IA PA OH UT IL IN MA CO KS MO RI KY AZ OK NM AR NJ AL GA DE MD DC HI Graduated Income Tax States 15 1 https://itep.org/illinois/ AL OF THE STAT OF ILLINO AUG. 26 1818

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