Eighty percent of the States in America have a fair, graduated rate income tax, and Illinois should, too, according to Jean Pierce. This system would tax higher income levels at a higher rate than lower income levels. Pierce will present the case for a fair tax on February 21 at 7 pm at the Unitarian Universalist Society of Geneva. She serves as co-chair of the League of Women Voters of Illinois Issues Committee, which has advocated for a fair, graduated rate income tax since the 1970’s.
In the meantime, between 1979 and 2015 – after inflation – all of the income growth in our country went to the top 10%. Pierce will show that the economy will grow and the state will gain much-needed revenue when lower income earners pay less in taxes and the highest income earners pay more.