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REPORTS

REPORT ONE: The expense of maintaining local control.

REPORT TWO: Income Tax vs Property Tax for School Funding

REPORT THREE: If you pay it they will spend.

REPORT FOUR: Proposed reform legislation

REPORT FIVE: Alternative solutions to education finance reform

STATS & TABLES

The $200,000 Club: Illinois' highest paid public school employees

DeKalb County's Top 50: highest paid local public school employees

DeKalb County School Unit Comparisons

Comparing Tax Bills: How DeKalb County stacks up with other communities.

Comparing Illinois: State by State Individual Income Taxes

Comparing Illinois: State by State Corporate Income Taxes

Comparing Illinois: State by State Sales Taxes

Comparing Illinois: State by State Gasoline Taxes

Follow The Money: Illinois' Top Campaign Contributors

YOUR FEEDBACK

READERS' COMMENTS

 

 

    
 School Finance Reform

 

Comparing Illinois
Range of Corporate Income Taxes

Range of State Corporate Income Taxes 2003
(For tax year 2003 -- as of January 1, 2003)
             
State Tax Rates Tax Brackets # of Brackets Bank Tax Rates Federal Tax Deductible
               
Alabama 6.5 ----Flat Rate---- 1 6.5 *
Alaska 1.0 - 9.4 10,000   90,000 10 1.0 - 9.4  
Arizona 6.968 ----Flat Rate---- 1 6.968  
Arkansas 1.0 - 6.5 3,000   100,000 6 1.0 - 6.5  
California 8.84 (c) ----Flat Rate---- 1 10.84 (c)  
               
Colorado 4.63 ----Flat Rate---- 1 4.63  
Connecticut 7.5 (d) ----Flat Rate---- 1 7.5 (d)  
Delaware 8.7 ----Flat Rate---- 1 8.7-1.7 (e)  
Florida 5.5 (f) ----Flat Rate---- 1 5.5 (f)  
Georgia 6 ----Flat Rate---- 1 6  
               
Hawaii 4.4 - 6.4 (g) 25,000   100,000 3 7.92 (g)  
Idaho 7.6 (h) ----Flat Rate---- 1 7.6 (h)  
Illinois 7.3 (i) ----Flat Rate---- 1 7.3 (i)  
Indiana 8.5 ----Flat Rate---- 1 8.5  
Iowa 6.0 - 12.0 25,000   250,000 4 5 * (k)
               
Kansas 4.0 (l) ----Flat Rate---- 1 2.25 (l)  
Kentucky 4.0 - 8.25 25,000   250,000 5 --- (a)  
Louisiana 4.0 - 8.0 25,000   200,000 5 --- (a) *
Maine 3.5 - 8.93 (m) 25,000   250,000 4 1  
Maryland 7 ----Flat Rate---- 1 7  
               
Massachusetts 9.5 (n) ----Flat Rate---- 1 10.5 (n)  
Minnesota 9.8 (o) ----Flat Rate---- 1 9.8 (o)  
Mississippi 3.0 - 5.0 5,000   10,000 3 3.0 - 5.0  
Missouri 6.25 ----Flat Rate---- 1 7 * (k)
Montana 6.75 (p) ----Flat Rate---- 1 6.75 (p)  
               
Nebraska 5.58 - 7.81 50,000 2 --- (a)  
New Hampshire 8.5 (q) ----Flat Rate---- 1 8.5 (q)  
New Jersey 9.0 (r) ----Flat Rate---- 1 9 (r)  
New Mexico 4.8 - 7.6 500,000   1 million 3 4.8 - 7.6  
New York 7.5 (s) ----Flat Rate---- 1 7.5 (s)  
               
North Carolina 6.9 (t) ----Flat Rate---- 1 6.9 (t)  
North Dakota 3.0 - 10.5 3,000   50,000 6 7 (b) *
Ohio 5.1 - 8.5 (u) 50,000 2 --- (u)  
Oklahoma 6 ----Flat Rate---- 1 6  
Oregon 6.6 (b) ----Flat Rate---- 1 6.6 (b)  
               
Pennsylvania 9.99 ----Flat Rate----