Opinion

Who pays more taxes?

Posted June 11, 2019 1:00 am

Currently in Illinois, if somebody earns $10,000 per year and the personal income tax rate is 5%, they would pay $500 per year in state income taxes.

If somebody earns $10,000,000 per year and pays 5%, they would pay $500,000 per year.

Who is paying more? Seems fair to me. Remember, the state income tax rate in Florida is ZERO!

Bill Hartman

Barrington

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