{"id":2202470,"date":"2024-03-20T09:10:02","date_gmt":"2024-03-20T13:10:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/illinois-has-highest-tax-burden-in-u-s-for-low-to-middle-income-earners-study\/"},"modified":"2024-03-20T09:13:48","modified_gmt":"2024-03-20T13:13:48","slug":"illinois-has-highest-tax-burden-in-u-s-for-low-to-middle-income-earners-study","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/illinois-has-highest-tax-burden-in-u-s-for-low-to-middle-income-earners-study\/","title":{"rendered":"Study reveals Illinois imposes the heaviest tax load on low and middle-income individuals in the U.S"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fillinois-has-highest-tax-burden-in-u-s-for-low-to-middle-income-earners-study%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2202470&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Illinois: A \u200bTaxing State for Low to Middle-Income Earners<\/h2>\n<p>Attention all wage earners:\u2064 if \u200byou&#8217;re\u200c scouting for a tax haven, you might \u200bwant to steer clear\u2064 of Illinois. A riveting <strong>study by WalletHub<\/strong> has just lifted the \u200cveil\u200b on the tax\u200c burdens shouldered by Americans across the spectrum, and it seems Illinois has snagged a \u200cspotlight\u200c it would \u2062rather avoid.<\/p>\n<blockquote><p>The personal \u200cfinance website WalletHub has\u200d released \u201cThe Best States\u200b to be Rich or Poor from a Tax Perspective.\u201d It paints a stark picture for residents of \u2063the Prairie State\u2014especially those earning low to moderate incomes.<\/p><\/blockquote>\n<p>Delving into the nitty-gritty of state taxes, from sales\u2064 and excise to \u200dproperty\u2064 and income taxes, the WalletHub team has\u200d diligently crunched \u200dthe\u200b numbers. And for those \u200dat the lower end \u2064of the \u2064income \u2063scale, the fiscal findings\u200b are less\u200c than favorable for Illinois.<\/p>\n<h3>The Not-So-Sweet Spot for Low-Income Earners<\/h3>\n<p>According to Cassandra Happe, a dedicated researcher\u2062 on\u2062 the project, the results spell out a distressing scenario for \u2064low-income Illinoisans. &#8220;They faced a \u200dgrim tally, placing <strong>40th for sales and excise taxes<\/strong>, \u200d <strong>45th for \u200cproperty taxes<\/strong>, and a concerning <strong>47th\u200b for income taxes<\/strong>. \u200dIn essence, it&#8217;s \u2064a\u200b perfect storm for those already struggling to keep their\u2063 finances afloat,&#8221; she lamented.<\/p>\n<p>The\u2064 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/schumer-spokesman-celebrates-1-9-trillion-covid-relief-plan-erases-ny-budget-deficit\/\" title=\"Schumer Spokesman Celebrates: .9 Trillion COVID Relief Plan Erases NY Budget Deficit\">total tax burden<\/a>? A \u2064whopping \u2064 <strong>nearly 14% of income<\/strong> for those earning the least.\u200d That&#8217;s \u2062a stark contrast to Alaska&#8217;s less than\u2063 7% burden, a breath of fresh fiscal air for its residents.<\/p>\n<h3>Across \u200dthe \u2064Income Spectrum<\/h3>\n<p>But don&#8217;t be\u200b mistaken\u2014it&#8217;s not only the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gas-up-58-meat-up-13-inside-the-newest-record-breaking-inflation-report\/\" title=\"Gas Up 58%, Meat Up 13%: Inside The Newest Record-Breaking Inflation Report\">low-income earners<\/a> feeling the \u200ctax pinch.\u2063 Middle-income\u2063 Illinoisans aren&#8217;t faring much better, with a rank of <strong>49th nationwide<\/strong>. And the\u2063 state&#8217;s\u200d wealthier denizens?\u200d They landed \u200bat a \u200cdisconcerting <strong>45th place<\/strong> on the\u200b grand ledger of tax\u200b burdens.<\/p>\n<h3>Where the Grass Is Greener<\/h3>\n<p>So where should tax-weary citizens cast their gaze? WalletHub&#8217;s top\u2064 picks for\u200d the least tax burden on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-joe-manchin-meeting-with-republicans-drafting-scaled-down-version-of-biden-infrastructure-bill\/\" title=\"Report: Joe Manchin Meeting With Republicans, Drafting \u2018Scaled Down\u2019 Version Of Biden Infrastructure Bill\">high-income earners<\/a> are <strong>Alaska, New Hampshire, and \u200cNorth Dakota<\/strong>. Middle-income earners\u200d breathe easier \u200cin <strong>Alaska, New Hampshire, and Delaware<\/strong>. And for those with lower incomes, the havens are <strong>Alaska, Montana, and Vermont<\/strong>.<\/p>\n<p>Happe highlights an uncomfortable truth: &#8220;Despite the wealthy and \u2064less fortunate\u200d both \u2063being liable for taxes, those with lesser means\u2064 often suffer \u200cdisproportionately due\u2064 to the regressive structure of many tax \u200csystems.&#8221;<\/p>\n<p>In conclusion, while taxes are an inescapable aspect of life, the \u2062impact they have on our wallets can vary drastically from state to \u2062state. Illinois, unfortunately, has emerged as a challenging environment for those already working hard to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenomics-in-action-us-household-incomes-tumble-for-the-third-straight-year\/\" title=\"US Household Incomes Decline for Third Consecutive Year under Bidenomics.\">make \u2062ends meet<\/a>. On the bright side, this study shines a light on the more financially\u2062 forgiving\u200b landscapes, encouraging us all to consider the role of \u2064taxes in our personal prosperity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WalletHub&#8217;s new study positions Illinois unfavorably for low to middle-income earners in terms of taxes. &#8220;The Best States to be Rich or Poor from a Tax Perspective&#8221; reveals the most and least tax-friendly states for residents<\/p>\n","protected":false},"author":1,"featured_media":2202471,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/02\/AP23024457875809-1024x683.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2202470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/02\/AP23024457875809-1024x683.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2202470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2202470"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2202470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2202471"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2202470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2202470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2202470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}