Opinion

Calculate your tax rate for pol's plan

Posted February 07, 2014 1:01 am

State Senator Don Harmon has filed an amendment to the Illinois Constitution which, if passed, would produce the stable and sustainable revenue required to provide critical public and social services in Illinois, including education, public safety and health care.

As part of his proposal, Senator Harmon has introduced a rate schedule to provide a tax break to the 94 percent of Illinois taxpayers earning under $205,000. This rate schedule proposes three tax rates: 2.9 percent on the first $12,500 of one's taxable income; 4.9 percent on the next $167,500 of one's income (up to $180,000); and 6.9 percent on any income above $180,000.

Go to www.FairTaxCut.com to calculate your own tax rate.

We think taxpayers should know.

Missey Wilhelm

President, League of Women Voters of Wheaton

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