Pritzker: Graduated Tax Won’t Impact Retirement Income
October 12, 2020 12:49PM CDT
Gov. J.B. Pritzker outlines his plan to replace Illinois’ flat-rate income tax with a graduated structure with rates ranging from 4.75 percent to 7.95 percent, depending on income, at a state Capitol news conference on Thursday, March 7, 2019 in Springfield. The Democrat says his plan would generate $3.4 billion in additional revenue, make the wealthy pay more, and would keep tax bills the same or make them lower for 97 percent of filers. Only six states have flat-rate income taxes. (AP Photo/John O’Connor)
Governor J.B. Pritzker is assuring voters that a proposed graduated income tax will not impact their retirement income. Pritzker said late last week that opponents of the “fair tax” are planning to tax retirement income. Republican opponents say Pritzker’s statement isn’t true.
UPDATE: A previous version of this story attributed comments to lawmaker Tim Butler that were not accurate. We regret the error.
