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  2. Illinois Fair Tax - Wikipedia

    en.wikipedia.org/wiki/Illinois_Fair_Tax

    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, which tax higher incomes at a higher rate. [5]

  3. State income tax - Wikipedia

    en.wikipedia.org/wiki/State_income_tax

    State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. ... [24] and the Washington ...

  4. Where’s My Refund? What Illinois Taxpayers Need To Know - AOL

    www.aol.com/where-refund-illinois-taxpayers-know...

    If you're an Illinois resident or business owner, you have until April 18, 2023, to file your Illinois state income taxes. If you're expecting a refund this year, this quick guide explains how to...

  5. List of U.S. state budgets - Wikipedia

    en.wikipedia.org/wiki/List_of_U.S._state_budgets

    Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar year 2023. Figures do not include state-specific federal spending, or transfers of federal funds.

  6. How all 50 states tax retirement income: A comprehensive list ...

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

    Retirement income is subject to North Carolina’s 4.5% state income tax rate in 2024 and 4.25% income tax rate in 2025. The state doesn’t offer any deductions to its seniors, but the flat tax ...

  7. Federal taxation and spending by state - Wikipedia

    en.wikipedia.org/wiki/Federal_taxation_and...

    It follows that as state's per capita income rises, its tax receipt also increases. The data between changes in per capita taxes to the national averages in ratio to the changes in the per capita income to the national average has a correlation of .88 (Leonard and Walder, Page 56-57).

  8. Projected COLA for 2025: September update — how it's ...

    www.aol.com/finance/social-security-cost-of...

    For the 2024 tax year, your annual earnings limit is $22,230. If you'll reach full retirement age in 2024, the most you can earn in the months before retirement is $59,520.

  9. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    Tax rates vary by state and locality, and may be fixed or graduated. Most rates are the same for all types of income. State and local income taxes are imposed in addition to federal income tax. State income tax is allowed as a deduction in computing federal income, but is capped at $10,000 per household since the passage of the 2017 tax law ...

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