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Saturday, February 29, 2020

Analysis: How much more will Shawneetown residents pay in income taxes?


By Metric Media News Service | Feb 14, 2020

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Shawneetown residents will have to pay $623,185 more in state income taxes if Gov. J.B. Pritzker's proposed tax hike is to generate the $10.3 billion in additional tax revenue that he has promised, according to a SE Illinois News analysis of Illinois Department of Revenue data.

Pritzker claims the additional tax revenue will "eliminate the budget deficit."

The city in Gallatin County that will be the most affected by Pritzker's proposal is Shawneetown, with residents expected to pay an additional $623,185 in income taxes -- approximately $1,053 per person in the labor force. Junction will pay only $165,872 more -- approximately $3,385 per person in the labor force in comparison, the least among Gallatin County cities.

The following table shows how other cities in Gallatin County are affected.

How much more will residents from Gallatin County pay on the proposal?

Total Expected Income Tax burden
Total Increase
Per Person Increase
New Haven

Per person increases have been calculated using the most recent data about people in the labor force as provided by the U.S. Census Bureau's ongoing American Community Survey.

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Organizations in this Story

City of Shawneetown

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