Retirement Income Tax Latest In Progressive Tax Debate
October 8, 2020 12:49PM CDT
The latest conversation about the progressive tax that will be on Illinois’ ballot next month is focusing on taxing retirement income. Republicans say Governor JB Pritzker doesn’t want to talk about taxing retirees, but Republican leaders say the progressive tax opens the door to it. Illinois currently doesn’t tax retirement income, and the idea is very unpopular with voters.