Gov. Pritzker says his progressive income tax hike will only raise taxes on the rich, but he won’t commit to what the tax rates will be. In his budget address, he pointed to the tax rates in Iowa and Wisconsin as examples.
The rates for Iowa and Wisconsin are below. Illinois’ flat tax rate is currently 4.95%. Would you support a progressive income tax with these tax rates?
Wisconsin (married):
$0.00+ – 4%
$14,980.00+ – 5.84%
$29,960.00+ – 6.27%
$336,200.00+ – 7.65%
Iowa (married & single):
$0.00+ – 0.36%
$1,598.00+ – 0.72%
$3,196.00+ – 2.43%
$6,392.00+ – 4.5%
$14,382.00+ – 6.12%
$23,970.00+ – 6.48%
$31,960.00+ – 6.8%
$47,940.00+ – 7.92%
$71,910.00+ – 8.98%