A new study has named Illinois the least tax-friendly state in the nation, underscoring Senate Republican calls to address the escalating tax burden residents face.
This title was given to Illinois by the finance website MoneyGeek in its latest analysis of how tax-friendly each state is to its residents. The report, which gave Illinois an F-grade for its tax burden, noted that taxes account for an astonishing 13% of Illinois household income.
Unsurprisingly, high property taxes were a major factor in Illinois’ dead-last ranking. The high effective tax rate in the state is another reason for Illinois’ tax unfriendly status, with Illinois coming in as the 2nd highest in the country in this category.
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