82% hike in Illinois business income tax with 'millionaire tax'

82% hike in Illinois business income tax with 'millionaire tax'

Illinois' current business income tax rate compared to maximum tax rate allowed with the "millionaire tax"

82% business income tax rate hike

7.00%

12.72%

Current

Millionaire's Tax

Chart: @illinoispolicySource: Illinois Department of Revenue, state statuteCreated with Datawrapper