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Most & Least Taxing States: 2014

By Rebecca Helmes of Bloomberg BNA - 2014-04-14T23:05:22Z

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Illinois’s income tax rate is slated to drop to 3.75 percent in January, but Governor Pat Quinn has proposed making a 2011 income tax hike permanent that would keep the current 5 percent rate. The debate could spill over into the governor’s reelection season.

*Flat rate

**Exemption is $4 million.