Pritzker ‘Fair Tax’ Would Hit Over 4 Million Illinoisans With Marriage Penalty, Potentially Give Wealthy Couples A Marriage Bonus

While Gov. J.B. Pritzker has spent the past two years campaigning for a progressive income tax that he claims will only hit the rich, the plan also comes with a rare marriage penalty that subjects joint filers to higher income tax rates than single people.

The marriage penalty would average more than $2,500 for those facing tax hikes if voters approve the progressive tax Nov. 3. More than 4 million married Illinoisans would be impacted.

At the same time, couples who earn more than $1 million would not face a marriage penalty at all under Pritzker’s plan. And many couples earning between $350,000 and $1 million would actually see a marriage “bonus.”

www.illinoispolicy.org/pritzker-fair-tax-would-hit-over-4-million-illinoisans-with-marriage-penalty-potentially-give-wealthy-couples-a-marriage-bonus/

 

AC