Analysis: Income tax hike will cost Saline County residents $5M more this year
Saline County residents will pay an additional $4.97 million in state income taxes this year, according to an analysis by Local Government Information Services (LGIS).
LGIS used Illinois Department of Revenue data combined with a forecast by Senate Democrats to estimate how much additional tax will be paid in each Illinois ZIP code.
The following Saline County communities will pay the most: Harrisburg ($2.6 million total/$521 per person), Eldorado ($1.06 million/$462), Galatia ($457,641/$562) and Carrier Mills ($375,226/$407).
Retroactive to July 1, the higher rate – now 4.95 percent, up from 3.75 percent – will be withheld from employee paychecks over the last six months of 2017.
Before the hike, someone earning $50,000 paid $72 in state income tax per paycheck. They will now pay $95, or an additional $600 per year.
Senate Democrats estimate the tax hike will siphon $4.453 billion more this year from individual taxpayers. Businesses will pay another $1 billion.
Top income tax-paying communities in Saline County
Which communities pay the highest income taxes in Saline County?
|Ranking||ZIP||Communites||Average State Income Tax Increase||Total Returns filed by ZIP|
How much more will your community pay?
With state income taxes increased to 4.95 percent from 3.75 percent, how much more will taxpayers in your community pay for state government?
|Ranking||Communities||ZIP||Estimated State Income Tax Increase*|
*Assumes tax increase will meet Senate Democrats' projections.