12/26/2023 0 Comments Is a flat tax fair![]() Notably, the initial legislative plan on which the amendment is largely based-and which was proposed by the Democrat-controlled legislature-is a hybrid between a flat and progressive scheme. The amendment does not offer any specific progressive rate scale, but allows for increasing tax rates to be applied to successive tiers of a taxpayer’s income. The amendment requires a simple majority vote to be passed. Currently, all income earned in Illinois is taxed at a 4.95 percent rate. Pritzker, the amendment seeks to remove a provision in the Illinois constitution that requires all income taxes to be flat-that is, held at a constant rate regardless of the amount of income earned by any taxpayer. Supported politically (and financially) by Illinois’s billionaire governor, J. ![]() One of the most contentious political battles of the 2020 election cycle involves the Illinois “Fair Tax” ballot amendment.
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