(The Center Square) – A new study shows that Illinois is not the place to be for low to middle-income wage earners from a tax perspective.
The personal finance website WalletHub has released “The Best States to be Rich or Poor from a Tax Perspective.” Researchers identified the best states where the residents spend the most and least on sales and excise taxes, property taxes and income taxes.
Researcher Cassandra Happe said Illinois is the worst state in the country to reside for low-income earners.
“They came in 40th overall for the sales and excise taxes for low-income earners, 45th overall for the property taxes, and 47th for the income taxes, so across the board, not a great scenario,” Happe said.
The total tax burden as a percentage of income in Illinois for low-income earners is nearly 14%. That is compared to less than 7% in Alaska.
It’s not much better
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