Illinois, however, is one of eight states with a flat tax it taxes all income at 4.95 percent, regardless of income level. This helps balance the other major forms of state and local taxation - sales, property, and excise taxes - which, together, tend to fall hardest on those with the least income. Most states with a personal income tax maintain a progressive structure that taxes higher income at higher rates. Known as the “Fair Tax” plan, it’s a wise course correction to the current flat tax system, which falls harder on working people than the wealthy and doesn’t support the state’s financial needs. Pritzker proposes to replace the state’s regressive flat tax system with a graduated rate structure, which would require a voter-approved constitutional amendment in 2020.
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