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Friday, November 22, 2024

Analysis: Income tax hike will cost Jackson County residents $11M more this year

Gorham

Gorham's post office, a city in which residents are projected to experience a $78,525 tax increase this year. | Paul Sableman [CC BY 2.0], via Wikimedia Commons

Gorham's post office, a city in which residents are projected to experience a $78,525 tax increase this year. | Paul Sableman [CC BY 2.0], via Wikimedia Commons

Jackson County residents will pay an additional $10.93 million in state income taxes this year, according to an analysis by Local Government Information Services (LGIS).

LGIS combined Illinois Department of Revenue data with a forecast by Senate Democrats to estimate how much additional income tax will be paid in each Illinois ZIP code.

The following Jackson County communities will pay the most: Carbondale ($3,085,615 total/$394 per person), Murphysboro ($2,911,599/$462), Makanda ($641,427/$628) and De Soto ($514,334/$433). 

Retroactive to July 1, the higher rate – now 4.95 percent, up from 3.75 percent – will be withheld from employee paychecks over the last six months of 2017.

Before the hike, someone earning $50,000 paid $72 in state income tax per paycheck when paid twice a month. That person will now pay $95, or an additional $600 per year.

Senate Democrats estimate the tax hike will siphon $4.453 billion more this year from individual taxpayers. Businesses will pay another $1 billion.

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How much more will your community pay?

State income taxes have increased to 4.95 percent from 3.75 percent. This chart shows how much more taxpayers in your community will pay for state government.

RankingCommunityZIPEstimated State Income Tax Increase
1Carbondale (North)62901$3,085,615
2Murphysboro62966$2,911,599
3Carbondale (Southeast)62902$1,416,935
4Carbondale (Southwest)62903$830,553
5Makanda62958$641,427
6De Soto62924$514,334
7Ava62907$445,714
8Campbell Hill62916$329,993
9Elkville62932$266,871
10Vergennes62994$170,170
11Grand Tower62942$88,643
12Gorham62940$78,525
13Pomona62975$55,058
14Dowell62927$51,045
15Jacob62950$46,303

Total

$10,932,784
Sources: Illinois Department of Revenue; Blockshopper.com

 

Top income tax-paying communities in Jackson County

This chart shows the ranking of communities by highest income taxes paid in Jackson County.

RankingCommunityZIPAverage State Income Tax Increase*Total Returns filed by ZIP
1Campbell Hill62916$786420
2Carbondale (Southwest)62903$7231,148
3Carbondale (Southeast)62902$6782,089
4Makanda62958$6281,022
5Vergennes62994$575296
6Jacob62950$51490
7Ava62907$489911
8Murphysboro62966$4626,302
9Gorham62940$449175
10Pomona62975$440125
11De Soto62924$4331,187
12Elkville62932$419637
13Grand Tower62942$401221
14Carbondale (North)62901$3947,825
15Dowell62927$331154
Sources: Illinois Department of Revenue; Blockshopper.com; Illinois Senate Democrats

*Assumes tax increase will meet Senate Democrats' projections.

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