Try ‘Fair Tax Calculator’ To See If Gov. Pritzker’s Plan Saves You Money
Try this online calculator to see how Governor Pritzker's proposed graduated income tax will affect you and your family.
Our new Governor wants to do away with Illinois' flat tax, which is currently at 4.95 percent, and implement at graduated tax plan. Pritzker’s tax pan proposal would begin at 4.75 percent if you earn up to $10,000 and the top rate of 7.95 percent for those earning $1 million or more. Over 30 states already use this plan, according to wifr.com.
So that you can better understand his proposal, Governor Pritzker has launched what he's calling the 'Fair Tax Calculator.' You can enter your information and the calculator will show you how much you'll pay under his new plan and also the current plan.
Click here to use the Fair Tax Calculator.