Monday, April 03, 2006

Illinois Tax Facts

From Rich Miller over at thecapitolfaxblog.com:

Tax stuff Monday, Apr 3, 2006

From the AP:
The U.S. Census Bureau says Illinois residents paid $2,060 in state taxes per capita in 2005, the 29th highest amount in the country.
The Census Bureau says the national average last year was just over $2,192.That puts us just $20 higher than Indiana, $130 higher than Iowa, $361 lower than Wisconsin, $429 higher than Missouri and $336 lower than Michigan, to name a few neighbors. (Quick math, may be some minor errors.)


Also from the Census Bureau:
State government tax collections reached nearly $649 billion in fiscal year 2005, a $57 billion (9.7 percent) increase from 2004, the Census Bureau reported today.
According to data from the 2005 Annual Survey of State Government Tax Collections, taxes on individual income were $221 billion, up 12.6 percent; and general sales taxes were $212 billion, up 7.2 percent. These taxes made up more than two-thirds of all state tax collections.- posted by Rich Miller


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