Remember, Remember the Budget Impasse this November

Illinois lawmakers finally negotiated a stopgap deal to fund the state over the next six months. While this was a great first step, the Illinois public should not soon forget the costs of the budget impasse. Here is a super-quick rundown of the costs that the Illinois Economic Policy Institute compiled over the weekend. Continue reading “Remember, Remember the Budget Impasse this November”

Federal Income Taxes for Illinois Workers

Frank Manzo IV is the Policy Director of the Illinois Economic Policy Institute (ILEPI). Visit ILEPI at www.illinoisepi.org or follow ILEPI on Twitter @illinoisEPI. A July 8, 2014 Economic Commentary by the Illinois Economic Policy Institute investigates the effective tax rates paid by Illinois workers across occupations. The study– Illinois Federal Income Taxes: By Occupation, 2011-2013 [PDF]– finds five key takeaways: The majority of workers in Illinois (60 percent) pay federal income taxes; The average effective federal income tax rate for all Illinois workers is 13 percent (but 21 percent for only those workers with any federal income tax liability); The average effective … Continue reading Federal Income Taxes for Illinois Workers