All Commentary
Wednesday, January 12, 2011

Illinois Income Tax Raised 66 Percent

“With only hours left before new state lawmakers were to take over, Illinois’s State Legislature narrowly approved early on Wednesday an increase of about 66 percent in the state’s income tax rate.” (New York Times)

There’ll be an economic miracle in Illinois any day now.

FEE Timely Classic
“Higher Income Taxes Are Benign? It Just Ain’t So” by Jeb Bleckly and Joshua C. Hall