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Income tax hike will cost Christian County residents $8.2 million more this year

Jake Leonard by Jake Leonard
July 25, 2017 - Updated on July 26, 2017
in Business & Lifestyle, Business News, Decision 2018, Financial News, Illinois, Illinois Legislative Watch, Politics
Reading Time: 3 mins read
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TAYLORVILLE (Heartland Newsfeed) — Christian County residents will pay an additional $8,197,968 in state income taxes this year, according to an analysis by Local Government Information Services (LGIS). LGIS combined Illinois Department of Revenue data with a forecast by Senate Democrats to estimate how much additional income tax will be paid in each Illinois zip code. The following Christian County communities will pay the most: Taylorville ($3,486,351 total/$507 per person), Pana ($1,437,691/$465), Moweaqua ($757,825/$595) and Edinburg ($492,474/$577). Retroactive to July 1, the higher rate — now 4.95%, up from 3.75% — will be withheld from employee paychecks over the last six months of 2017. Before the hike, someone earning $50,000 paid $72 in state income tax per paycheck when paid twice a month. That person will now pay $95, or an additional $600 per year. Senate Democrats estimate the tax hike will siphon $4.453 billion more this year from individual taxpayers. Businesses will pay another $ 1 billion. — How much more will your community pay? State income taxes have increased to 4.95% from 3.75%. This chart shows how much more taxpayers in your community will pay for state government.
Ranking Community Zip Estimated State Income Tax Increase
1 Taylorville 62568 $3,486,351
2 Pana 62557 $1,437,691
3 Moweaqua 62550 $757,825
4 Edinburg 62531 $492,474
5 Morrisonville 62546 $418,808
6 Assumption 62510 $401,654
7 Kincaid 62540 $289,945
8 Stonington 62567 $270,244
9 Mount Auburn 62547 $258,577
10 Owaneco 62555 $133,448
11 Tovey 62570 $86,685
12 Palmer 62556 $ 71,369
13 Rosamond 62083 $61,651
14 Bulpitt 62517 $31,245
Total $8,197,968
Sources: Illinois Department of Revenue; Blockshopper.com Top income tax-paying communities in Christian County This chart shows the ranking of communities by highest income taxes paid in Christian County.
Ranking Community Zip Average State Income Tax Increase Total Returns filed by Zip
1 Mount Auburn 62547 $754 343
2 Moweaqua 62550 $595 1,273
3 Edinburg 62531 $577 853
4 Owaneco 62555 $573 233
5 Morrisonville 62546 $561 746
6 Assumption 62510 $544 738
7 Rosamond 62083 $531 116
8 Taylorville 62568 $507 6,873
9 Stonington 62567 $503 537
10 Pana 62557 $465 3,095
11 Palmer 62556 $449 159
12 Tovey 62570 $438 198
13 Kincaid 62540 $396 732
14 Bulpitt 62517 $376 83
Sources: Illinois Department of Revenue; Blockshopper.com; Illinois Senate Democrats *Assumes tax increase will meet Senate Democrats’ projections.
Jake Leonard
Website | + posts

Jake Leonard, a broadcast media and journalism veteran, is the editor-in-chief of Heartland Newsfeed. Leonard is also GM and program director of Heartland Newsfeed Radio Network, wrestling editor and contributing writer for Ambush Sports, a contributing writer for My Sports Vote and Midwest Sports Network, and a former contributor to Bleacher Report and Overtime Heroics. He resides at home in Nokomis, Ill. with his dog Buster.

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