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Illinois Celebrates Tax Freedom Day

Today is Tax Freedom Day across the nation and in Illinois. April 13th is the day you stop putting all your income into taxes, and start spending your income as you'd like. Two years ago, Illinoisans had to work two more weeks before reaching Tax Freedom Day. Last year, you had to work an extra eight days before you could theoretically "keep" your money. U.S. Rep. John Shimkus (R-Collinsville) says the tax freedom date will probably move back next year, based on what's facing Congress. He says if Democrats are successful at passing the carbon tax proposal, individual homeowners could pay as much as $3,100 a year in additional taxes. In 1900, national Tax Freedom Day came on Jan. 22, because Americans paid less than 6 percent of their income on taxes. It was latest in 2000, and landed on May 3. Estimated at 9.3 percent of income, Illinois' state and local tax burden ranks 30th highest nationally, below the national average of 9.7 percent. Illinois taxpayers pay $4,346 per capita in state and local taxes. The Tax Freedom Days of neighboring states are: Wisconsin, April 13 (ranked 12th nationally) Iowa, April 4 (ranked 39th nationally) Missouri, April 6 (ranked 34th nationally) Kentucky, April 3 (ranked 41st nationally) Indiana, April 8 (ranked 28th nationally). (Illinois Radio Network)

04 13 09 by Newsroom

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