Tuesday, February 25, 2020

Analysis: How much more will Calhoun County residents pay in income taxes?

By Metric Media News Service | Feb 13, 2020

Money 08

Calhoun County residents will have to pay $2,306,246 more in state income taxes if Gov. J.B. Pritzker's proposed tax hike is to generate the $10.3 billion in additional tax revenue that he has promised, according to a West Central Reporter analysis of Illinois Department of Revenue data.

Pritzker claims the additional tax revenue will "eliminate the budget deficit."

The city in Calhoun County that will be the most affected by Pritzker's proposal is Hardin, with residents expected to pay an additional $855,249 in income taxes -- approximately $2,269 per person in the labor force. Mozier will pay only $24,106 more in comparison, the least among Calhoun County cities.

The following table shows how other cities in Calhoun County are affected.

How much more will residents from Calhoun County pay on the proposal?

City

Total Expected Income Tax burden

Total Increase

Per Person Increase

Hardin

$2,182,602

$855,249

$2,269

Golden Eagle

$1,009,875

$395,718

Batchtown

$730,443

$286,223

$2,675

Brussels

$649,765

$254,609

$3,800

Kampsville

$607,592

$238,084

$1,566

Hamburg

$556,172

$217,935

$9,906

Michael

$87,593

$34,323

Mozier

$61,518

$24,106

Per person increases have been calculated using the most recent data about people in the labor force as provided by the U.S. Census Bureau's ongoing American Community Survey.

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