Quantcast

Macon Reporter

Sunday, December 29, 2024

Analysis: Income tax hike will cost DeWitt County residents $4.2M more this year

Wapellamain

Main street in Wapella, a city where residents are projected to experience a $268,398 tax increase. | Wikimedia Commons

Main street in Wapella, a city where residents are projected to experience a $268,398 tax increase. | Wikimedia Commons

DeWitt County residents will pay an additional $4,208,400 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 DeWitt County communities will pay the most: Clinton ($2,586,145 total/$587 per person), Farmer City ($793,641/$597), Wapella ($268,398/$594) and Weldon ($176,906/$594). 

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. 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.

---

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
1Clinton61727$2,586,145
2Farmer City61842$793,641
3Wapella61777$268,398
4Weldon61882$176,906
5Waynesville61778$149,779
6Kenney61749$117,230
7Dewitt61735$92,262
8Lane61750$24,039

Total

$4,208,400

Sources: Illinois Department of Revenue; Blockshopper.com

 

Top income tax-paying communities in DeWitt County

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

RankingCommunityZipAverage State Income Tax IncreaseTotal Returns filed by Zip
1Dewitt61735$632146
2Farmer City61842$5971,330
3Wapella61777$594452
4Weldon61882$594298
5Clinton61727$5874,407
6Waynesville61778$503298
7Kenney61749$477246
8Lane61750$44554
Sources: Illinois Department of Revenue; Blockshopper.com; Illinois Senate Democrats

*Assumes tax increase will meet Senate Democrats' projections.

MORE NEWS