Illinois ranks near the bottom among states in studies on racial equality, while also being ranked among the highest in tax burden. Despite high taxes, there is no correlation between tax rates and progress in improving equity. WalletHub ranked Illinois last in equity between Black and white people, and the state was also ranked as the 10th worst for barriers to social mobility.
Illinois ranks near the bottom among states in studies on racial equality . At the same time, study after study shows Illinois ranked among the highest in the nation in tax burden , with a tax base that is fleeing. There is no correlation between the state’s high combined state and local taxes and progress in improving equity. If there were, Illinois would be the most equitable state in the nation., WalletHub ranked Illinois dead last in equity between Black and white people.
Finally, the Economic Policy Institute showed that Illinois’ Black unemployment rate was the nation’s second highest, at 10.5% , in the first quarter of 2023, the nation’s biggest gap between its Black and white unemployment rates: 7.2 percentage points. The gap between Illinois’ Black unemployment rate and the national average for Blacks in 2022 was the worst in at least 20 years.
Kiplinger’s most recent financial report ranks Illinois as the least tax-friendly state for middle-class families. Kiplinger’s annual state tax analysis found Illinois’ second-highest property taxes, eighth-highest combined sales tax and above-average income taxes are costing middle-class families more than in any state except New Jersey and Connecticut.
Illinois’ equity and tax burden are like two ships passing in the night as Illinois sinks to the bottom on the equity scale and rises to the top on the tax burden scale. Unfortunately, if the recent actions of the state and city are any indicator, things will only get worse as they resort to higher taxes and engage in policies that will create even greater inequity.
Meanwhile, the virtual “blank check” for migrant support is shifting significant funds from programs that can address the critical needs of state and city residents. Nearly 37,000 migrants have arrived in Chicago since August 2022. Illinois and Chicago have allocated or committed over $800 million to support migrants seeking asylum. This doesn’t include almost $1 billion for migrant health care.
Illinois Racial Equality Tax Burden Equity Wallethub Social Mobility
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