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Sunday, December 22, 2024

Rock Island County taxpayers would pay an extra $34M if Democrats’ tax hike becomes law

Cullerton

State Sen. John Cullerton (D-Chicago) is eager to raise state income taxes. Taxpayers in his north side district will pay the most. | City Club of Chicago

State Sen. John Cullerton (D-Chicago) is eager to raise state income taxes. Taxpayers in his north side district will pay the most. | City Club of Chicago

Rock Island County taxpayers would see a total of $34 million in state income tax increases if a tax hike measure passed by the Democrat-controlled Illinois State Senate becomes law.

Rock Island County communities that would see the largest collective increases include Moline ($11.2 million), Rock Island ($7.1 million), East Moline ($4.3 million), Milan/Coyne Center ($2.9 million) and Coal Valley ($2.1 million).

Taxpayers from Rapids City ($1,505), Coal Valley ($757), Cordova ($727), Taylor Ridge ($724) and Port Byron/Rapids City ($707) would see the highest average increases.

Led by Senate President John Cullerton (D-Chicago), Democrats passed the individual income tax hike last week-- from 3.75 percent to 4.95 percent-- along with a broader set of tax increases on businesses.

If their projections prove correct, individual Illinois taxpayers will send an additional $4.453 billion to Springfield each year as a result of the higher rates. Businesses will pay another $1 billon.

LGIS looked at 2014 income taxes paid by zip code to create a ranking of the highest-paying Rock Island County communities.

Its analysis looked at the percentage of total state income taxes paid by zip code, as reported by the Illinois Department of Revenue. It then applied that percentage to the amount Senate Democrats expect their tax hike will raise to calculate an average increase.

The analysis used 2014 tax return data, which is the latest available and also represents a year in which state income taxes were higher-- five percent, or approximately the level to which the Democrats are hoping to raise them.

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Top income tax-paying communities in Rock Island County

Which communities pay the highest income taxes in Rock Island County?

RankingCommunitiesZipAverage State Income Tax IncreaseTotal Returns filed by Zip
1Rapids City61278$1,505287
2Coal Valley61240$7572,802
3Cordova61242$727543
4Taylor Ridge61284$7241,131
5Port Byron / Rapids City61275$7071,926
6Reynolds61279$661486
7Andalusia61232$653655
8Hampton61256$638835
9Illinois City61259$611618
10Milan / Coyne Center61264$6044,739
11Hillsdale61257$577528
12Moline61265$54120,664
13Rock Island61201$46215,285
14Silvis61282$4283,577
15East Moline61244$42310,194
16Carbon Cliff61239$305476

Source: Illinois Department of Revenue; Blockshopper.com

How much more will your community pay?

If state income taxes are increased to 4.95 percent from 3.75 percent, how much more will taxpayers in your community pay for state government?

RankingCommunitiesZipEstimated State Income Tax Increase
1Moline61265$11,172,170
2Rock Island61201$7,063,168
3East Moline61244$4,308,024
4Milan / Coyne Center61264$2,862,898
5Coal Valley61240$2,120,635
6Silvis61282$1,529,989
7Port Byron / Rapids City61275$1,362,332
8Taylor Ridge61284$818,323
9Hampton61256$532,463
10Rapids City61278$431,899
11Andalusia61232$427,599
12Cordova61242$394,624
13Illinois City61259$377,691
14Reynolds61279$321,212
15Hillsdale61257$304,549
16Carbon Cliff61239$145,018

TOTAL

$34,172,594

Sources: Illinois Department of Revenue; Blockshopper.com; Illinois Senate Democrats

*Assumes tax increase will meet Senate Democrats' projections.

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