New Study Says Illinois Has Highest Overall Effective State and Local Tax Rate
Rate Is 38-Percent above the U.S. Average For The Median U.S. Household Income
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Wallet Hub Graphic

A report being released by WalletHub Tuesday shows Illinois residents pay the highest overall effective state and local tax rate in the country.

The survey found that the overall state and local tax rate takes 14.89-percent of the income of an Illinois resident who has the median U.S. household income or $8,299 a year. That's more than 38-percent above the U.S. average.

Illinois' top position is secured by having the second highest real-estate tax of any state in the country, the 30th highest income tax and 27th highest sales and excise taxes.

Connecticut took the runner-up position for highest local and state taxes, while Alaska had the lowest at just 5.67-percent of a median U.S. Household income.

See the complete study here.

WalletHub's 2018 Taxpayer Survey found fewer than 4 in 10 people are happy with President Trump's tax reforms. 69% of people think the reforms are better for corporations than consumers, and 67% think they benefit the rich more than the middle class.

90% of people think the government currently does not spend their tax dollars wisely.

30% of people say making a math mistake is their biggest Tax Day fear, edging out not having enough money (29%).

37% of people would move to a different country for a tax-free future. 24% would get an "IRS" tattoo, 22% would switch political parties, and 15% would take a vow of celibacy.

29% of people like their in-laws more than the IRS, 13% prefer cold showers, and 9% would take a traffic jam.

See the entire survey results here.

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