Shimkus: Tax Freedom Day April 25th in Illinois
Illinoisans work till April 25 on average to pay for all their federal, state, and local taxes, according to Congressman John Shimkus (R, Illinois-15). The average for the nation as a whole was April 18.
"The total taxes combined amount to $4.22 trillion -- over 29 percent of the nation's income. That percentage equates to 108 days of the year for the national average," Shimkus explained.
"Illinois is tied for the fourth highest tax burden," he noted. "This is not a good statistic for our state. Job creation is hindered, and businesses are forced out to lower tax states."
The states with the earliest Tax Freedom Day or lowest tax burdens are Louisiana and Mississippi (March 29). The state with the highest tax burden and latest Tax Freedom Day is Connecticut on May 13.
The Tax Foundation in Washington, DC, calculates the Tax Freedom Day based on available statistical information. Income levels do affect a state's share of federal tax burden.