CHICAGO -- Replacing Illinois' flat income tax rate with graduated rates would not be a cure-all for the state’s battered fiscal condition, market participants said. Though such a change could ...

The specter of a tax on retirement benefits in Illinois being raised by opponents of a proposed graduated-rate income tax amendment has prompted an outcry from leading seniors’ groups that are ...

In a devious bit of campaign strategy in the final weeks of the 2020 campaign, opponents of graduated state income tax rates have driven the third rail of Illinois politics straight into the ...

He added, “There will be cuts. And they will be painful.” Incomplete results Wednesday afternoon showed 55.1% of Illinoisans voted against the graduated income tax amendment and 44.9% voted ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's passed by Congress.

Trump's Big, Beautiful Bill offers a $6,000 senior bonus deduction from 2025-28. Couples can save $12,000. Retirees with ...

In Pennsylvania, all taxpayers pay the same tax rate on their taxable incomes. However, all of our neighboring states and the federal government use a graduated income tax schedule for their ...

Pennsylvania needs fewer school districts and a graduated-income tax table that is based on the ability of the taxpayers to pay. 39 states already have this tax, and only North Dakota has a top ...

Although these individuals are also taxed on a graduated basis, the tax is a flat amount from the California Tax Table, which lists hundreds of small income ranges, such as $0 to $50, and assigns ...

Here are three examples using Connecticut income tax tables and the 2021 version of TurboTax. A married couple’s income goes from $99,999 to $100,000 and their Connecticut state tax due rises ...

That included direct checks of $50 or more to most Illinoisans depending on income and number of children, a permanent expansion of the state’s earned income tax credit to 20 percent of the ...