* Illinois Policy Institute…
Gov. J.B. Pritzker claims only 3% of Illinois taxpayers will see their tax bills go up under his progressive income tax ballot measure.
But that picture changes significantly at the community level.
In Wilmette, for example, nearly a quarter of all taxpayers, 22%, will see higher income taxes if voters approve Pritzker’s progressive income tax amendment at the ballot box in November 2020. Springfield would take an additional $75 million from those taxpayers, in total.
A staggering 39% of joint filers in Wilmette would be hit with a tax increase, according to IRS data:
1,446 fall into the $250,001 to $500,000 tax bracket
729 fall into the $500,001 to $1 million bracket
426 fall into the more than $1 million bracket
Additionally, 165 Wilmette single filers would experience a tax increase:
76 fall into the $250,001 to $350,000 tax bracket
76 fall into the $350,001 to $750,000 bracket
43 fall into the $750,001 or more bracket
Several Ricketts family members reside in Wilmette. So, yeah, that’s the whole idea of this thing.