Economics @ ITT

Illinois State’s Lawmakers Pass Tax Increase

Posted in economics, Policy Issues by ittecon on January 12, 2011

Subject to the signature of the Governor, Illinois lawmakers have increased personal income tax from 3% to 5% with the expectation of raising revenue. Whether this is effective is determined by the elasticity of the model. I am keeping an eye on this.

State’s lawmakers pass 66 percent tax increase – Politics – More politics – msnbc.com.

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