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Gov. J.B. Pritzker has proposed a graduated income tax as a way to fix Illinois’ shaky finances. The proposal would increase taxes for the wealthy and lower taxes for the great majority, 97 percent of state taxpayers, by applying different tax rates on different levels of income. Currently everyone pays a flat income tax of 4.95 percent.
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Check here to see how Gov. J.B. Pritzker’s proposed graduated income tax would affect you?