Gov. J.B. Pritzker’s office released data asserting that 97 percent of Illinois taxpayers would pay the same or less in state income taxes under his plan.
Specifically in Will County, 97.52 percent of its more than 300,000 taxpayers will be paying the same or less.
The data show similar numbers in nearby Grundy County, 98.77 percent; Kendall County, 98.26 percent; La Salle County, 99.06 percent; and Kankakee County,
99.09 percent. They also show that in over half of the state’s
102 counties, less than 1 percent of filers will pay more.
Of the over 5.68 million filers in tax year 2016, less than 18,000 millionaires will pay the top rate, while 5.52 million taxpayers – the 97 percent statewide – will pay the same or less in state income taxes.
State Democrats have been lining up behind Pritzker’s plan and have called on opponents to offer specific alternatives in order to balance the state’s budget deficit. State Republicans have been adamant in their opposition to the proposal.
The proposed tax plan would raise about $3.4 billion in new revenue, $2.7 billion of which will be paid by about 20,000 Illinois residents with single- or jointly-filed incomes that exceed $1 million.
A graduated income tax would require a constitutional amendment passed by three-fifths of the General Assembly and voters in November 2020. The state income tax rate of 4.95 percent was instituted in 2017 over a Gov. Bruce Rauner veto.
Pritzker’s office got its county-level taxpayer information from Illinois Department of Revenue data from 2016.