Income Tax

The Millionaire Migration Myth: Why a Fair, Graduated Rate Income Tax Won’t Drive Away Millionaires

Release: March 28, 2014

Drawing on reports released by Stanford University and the Center on Budget and Policy Priorities, this Issue Brief debunks the myth that if Illinois increased income tax rates on higher incomes there would be a mass exodus of millionaire households out of the state and points out the importance of moving to a fair tax.   

Taxing Retirement Income

Release: April 5, 2011

Illinois does not currently tax pensions or retirement funds such as 401(k) plans. This Fact Sheet provides an estimate how much revenue could be generated by taxing some retirement income.

2006 State Individual Income Taxes

Release: December 17, 2007

A list of personal income tax rates in all 50 states and the District of Columbia in 2006.

Revenue Options for Illinois

Release: July 16, 2007

An overview and charts of the potential revenue options for Illinois, and what that revenue could be used for.

Top Ten Reasons to Increase the EITC for Working-Poor Families

Release: April 23, 2007

An explanation of the Illinois Earned Income Tax Credit, and why it should be increased.

Pages