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Monday, February 24, 2020

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


By Metric Media News Service | Feb 14, 2020

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Bone Gap residents will have to pay $134,017 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 Edwards County that will be the most affected by Pritzker's proposal is Albion, with residents expected to pay an additional $1,731,318 in income taxes -- approximately $1,585 per person in the labor force. Bone Gap will pay only $134,017 more -- approximately $1,489 per person in the labor force in comparison, the least among Edwards County cities.

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

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

Total Expected Income Tax burden
Total Increase
Per Person Increase
West Salem
Bone Gap

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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Village of Bone Gap

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