From The Center Square -
High state income, property and sales taxes put the Land of Lincoln dead last in a tax-friendliness ranking for middle-class Americans, coming in behind states like New York and New Jersey.
Illinois has a 4.95% flat state income tax rate and a 6.25% state sales tax with another 4.75% in local taxes added in some areas. The ranking comes from Kiplinger, a business forecasting and personal-finance publisher, which calculated Illinois’ average combined state and local sales tax rate to be 8.83%.
Venture capital expert, lawyer and economic commentator Mark Glennon, who is also the founder and executive editor of Wirepoints, a market research organization, said Illinois’ position at the bottom comes as no surprise.
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