A Northern Illinois University professor says a graduated income tax wouldn’t have much of an effect on many Illinois residents.
Dr. Kurt Thurmaier is the chair of NIU’s Department of Public Administration. He says most people would pay a rate of around 4.9% of their net income.
“If you have that much money left over, you have $60,000 left over, you’re good. You have the same tax. There’s no change. But if you have the same equivalent of four to six households after all your expenses, you’re going to pay higher tax.”