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  2. Illinois Fair Tax - Wikipedia

    en.wikipedia.org/wiki/Illinois_Fair_Tax

    Under current law, Illinois's state income tax rate is a flat rate of 4.95 percent. A flat income tax, which taxes all income levels at the same rate, is required by the current Illinois state constitution. [4] Illinois is one of 11 U.S. states with a flat income tax; seven states have no income tax; 32 other states use graduated income taxes ...

  3. State Income Tax Rates Explained - AOL

    www.aol.com/finance/state-income-tax-rates...

    Illinois, however, which imposes a 4.95% fixed tax, has a flat tax because when the tax was first implemented, it was unclear whether a progressive income tax was constitutional under the state ...

  4. Here’s the Income Tax in Every State - AOL

    www.aol.com/income-tax-every-state-130111174.html

    Arizona. Flat Income Tax Rate: 2.5% Standard Deduction (Single): $14,600 Standard Deduction (Couple): $29,200 Personal Exemption (Single): NA Personal Exemption (Couple): NA Personal Exemption ...

  5. Which States Have a Flat Income Tax? - AOL

    www.aol.com/states-flat-income-tax-151926641.html

    Illinois (4.95%) Indiana (3.05%) Kentucky (4.00%) Michigan (4.25%) ... A flat income tax can also extract more income from earners with lower wages who need more money for basic expenses. For ...

  6. State income tax - Wikipedia

    en.wikipedia.org/wiki/State_income_tax

    Such tax is generally based on business income of the corporation apportioned to the state plus nonbusiness income only of resident corporations. Most state corporate income taxes are imposed at a flat rate and have a minimum amount of tax. Business taxable income in most states is defined, at least in part, by reference to federal taxable income.

  7. State tax levels in the United States - Wikipedia

    en.wikipedia.org/wiki/State_tax_levels_in_the...

    Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly.

  8. How all 50 states tax retirement income: A ... - AOL

    www.aol.com/finance/states-that-tax-retirement...

    Illinois has a 4.95% flat state income tax. But the state doesn’t tax retirement income. You do have to pay taxes on any early distributions, however. And if you used the 10-year averaging ...

  9. Federal tax revenue by state - Wikipedia

    en.wikipedia.org/wiki/Federal_tax_revenue_by_state

    This is a table of the total federal tax revenue by state, federal district, and territory collected by the U.S. Internal Revenue Service. Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state , the District of Columbia , and Puerto Rico .

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