New Report Finds it's Most Taxing Being an Illinois Taxpayer

Tax Day is a stressful time for most Americans, particularly all those last-minute filers. But in Illinois, it’s a tough and miserable day for more reasons than just stress.

Wallethub, a leading personal finance website, ranked all 50 states and Washington D.C., based on how local and state tax rates compare to the national average. Four types of taxation and the middle income rate of $52,551 were used to provide a state-by-state comparison.

While Wallethub’s estimated average amount of state and local taxes paid by Illinois taxpayers might seem way too low, especially when you consider how much suburban taxpayers pay alone in property taxes (see the group’s methodology for why), it’s still high enough to land Illinois a pathetic ranking.

Let’s just say Illinois taxpayers won’t be happy with these findings that rank the best and worst states to be a taxpayer and also for taxpayers’ return on investment.

And here’s how Illinois’ various taxes stack up to neighboring states.

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