![]() This November, Illinoisans will decide whether to amend the state constitution to allow a graduated income tax. ![]() Flat: Choice Between Income Tax Structure Implicates More than Individual Tax Liability, Affects Income Inequality, Racial Wealth Gaps It shows that Illinois’s flat income tax in lieu of a graduated rate tax used by most states amounts to a tax subsidy for the wealthiest Illinoisans that compounds income inequality and racial wealth gaps. ![]() This brief illustrates how Illinois’s historic flat income tax structure compares to the proposed Fair Tax through a multi-year retrospective analysis. Less examined is how tax structures affect income inequality and racial wealth gaps. ![]() Flat or graduated personal income taxes have varying effects on the annual individual tax liabilities of taxpayers at different income levels. ![]()
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