Illinois Policy Institute: Federal, State Tax Hikes Would Hurt Illinois Families August 17, 2010 Natasha Altamirano Natasha Altamirano If Congress fails to act on the expiring Bush-era tax cuts before they sunset at the end of the year, the average middle-income family in the United States would see its federal income tax burden increase by $1,540 in 2011. Illinois families would see a bigger increase: $1,640. On top of this, state officials are eyeing an increase in the state individual income tax rate, writes Kristina Rasmussen of the Illinois Policy Institute: A combination of the soon-to-expire Bush tax cuts and Illinois Gov. Pat Quinn’s income tax hike plan would take a painful chunk out of the already-stretched family budget. … Meanwhile, Gov. Quinn’s plan to hike the state income tax rate by 33 percent would take an additional $600 away from that same family. More, if we’re to believe his budget director’s call for a 67 percent increase this coming January. Do you have an extra $2,240 lying around to give to government – on top of all of the taxes you’re already paying? To calculate how the expiration of the Bush-era tax cuts would affect your tax burden, visit the Tax Foundation’s interactive calculator at www.mytaxburden.org. For more information, see the Tax Foundation’s Bush-era tax cuts FAQ. Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics Center for Federal Tax Policy Center for Legal Reform Illinois Individual and Consumption Taxes Individual Income and Payroll Taxes Tags Bush Tax Cuts Expiring Provisions of the 2001 and 2003 Tax Packages State Tax and Spending Policy