Illinois Taxes are the Worst for the Middle Class in the US

A website ranked the 10 Least Tax-Friendly States for Middle-Class Families, and surprise, surprise, Illinois is at the top of the list. Take a look at the numbers for yourself, and just how much worse the middle class has it in Illinois versus other states.

Get our free mobile app

According to kiplinger.com, Illinois is the least tax-friendly state for the middle class in the US. Illinois beats out Connecticut, New Jersey, Iowa, and New York for the top spot, the rest of those states make up the top 5.

So what makes Illinois the least tax-friendly for the middle class? On the site they say...

"The tax situation really goes downhill fast for Illinois residents when you look at the property taxes they have to pay. If you look at the statewide median tax rate, property taxes in Illinois are the second-highest in the nation. If our hypothetical family purchased a $300,000 home in the state, their average annual property tax bill would be an eye-popping $6,219."

The numbers they have on their site show Illinois has a State Income Tax of 4.95%, an Average Combined State and Local Tax Rate of 8.73%, and a Median Property Tax Rate of $2,073 per $100,000 of assessed home value. That last number is the one that is considerably higher than many of the other states on the list. To read more about the taxes on the middle class in the Land of Lincoln click here!

I have said it before, and I will continue to say it over, and over again...Illinois can't survive like this. We have terrible winter weather, and so you have to incentivize middle-class families to want to be here in other ways. How do the leaders of Illinois honestly think we can compete with a state like Florida that has better taxes and better weather? I have lived in Illinois my whole life, but these numbers keep heading in the wrong direction and it is really starting to push my love for my home state...