'Millionaires' Tax': Hike For All of IL

As Illinoisans head to the polls, they’ll be voting on more than just candidates. At the top of the ballot, they’ll also see an advisory question with serious implications on the state’s population loss problem. Though framed as little more than an opinion poll on a new tax on the rich, the “millionaire’s tax” ballot question would set the stage for a bevy of new taxes on the middle class.

Voters will be asked to either support or oppose a theoretical amendment to the state constitution to create an additional 3% tax on income exceeding $1 million in return for unspecified property tax relief. Were such an amendment to pass, it would end the state’s flat income tax.