SPRINGFIELD, Ill. — Democratic lawmakers have — albeit reluctantly — dropped a plan to tax people with seven-figure incomes, yet two other tax plans are very much alive.
Illinois taxpayers are looking at either a graduated income tax, which takes more taxes from people who earn more, and a proposal from Gov. Pat Quinn to make permanent the 2011 “temporary” income tax.
“It depends on where you sit whether you call (keeping the temporary tax) a tax increase,” Carol Portman, executive director of the Taxpayers Federation of Illinois told Illinois Watchdog. “It certainly is an increase over what you were expecting to see.”