Raising taxes is hard

Raising taxes is hard

Illinois has a 4.95 percent flat income tax rate. In 2020, the state held a ballot initiative on whether to amend the state constitution to allow for the imposition of a progressive income tax. It got 46.7 percent of the vote in a year when Joe Biden got 57.4 percent. Four years later, they held another ballot initiative. This was an “advisory initiative” on the idea of creating an additional 3 percent tax on income above $1 million, with the re…