Income Taxes Go Up 67% in Illinois

Budget trouble in Illinois will hit residents’ wallets: Lawmakers approved a 67% increase in the personal income tax rate (from 3% to 5%) along with a 46% hike for businesses (from 4.8% to 7%), reports the Tribune . The Legislature did so in the wee hours as its final act…

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Income Taxes Go Up 67% in Illinois

Posted by on January 12, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry