By Vimbai Chikomo |
Jan 31, 2020
This November, Gov. J.B. Pritzker hopes to convince voters to do away with the state’s current flat-rate tax structure and adopt progressive rates that require higher earners to bear a larger portion of the tax burden. However, a closer look at how some states that adopted progressive tax rates have fared in recent years is a clear indication of what lies ahead for Illinois should taxpayers vote in favor of progressive tax rates later this year.