Under the new Illinois tax rates, Illinoisans’ income tax rate will increase from 3.75 percent to 4.95 percent.
How big an increase is that?
Arithmeticians are divided on this question: some are dividers, and some are subtracters.
Subtract 3.75 percent from 4.95 percent and you get the “modest” increase of 1.2 percentage points supported by the pro-subtraction faction.
Divide the two [1.2 divided by 3.75] and you get the “whopping” increase of 32 percent opposed by the pro-division opposition.
Is the 1.2 percentage points versus 32 percent “controversy” just messaging?
Of course it is, because the dollar amount you’d pay is the same, either way you calculate it.
A dollar still equals a dollar, and equality among arithmeticians is a good thing for the state of Illinois.
I would like to thank my grade school arithmetic teachers for teaching me that messaging can be misleading but that equality is a good thing.