More Taxes in Illinois

The Illinois Policy Institute provides a handy calculator that will give you an idea of how much more the Democrats are going to fleece from you in order to keep their well-connected patronage voters flush with cash at your expense.

Illinois lawmakers are currently working to round up the votes needed to pass $5 billion in tax hikes.

The current proposal increases the personal income tax rate to 4.95 percent from the current 3.75 percent rate. The corporate income tax rate rises to 7 percent from the current 5.25 percent rate.

The proposal also expands the sales tax to laundry and dry-cleaning services, as well as storage and other services to bringing in an estimated $300 million.

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