PROPOSED TAX INCREASES: A SUMMARY

Under the plan, Illinois's one-rate individual income tax will rise from 3% to 5.25%, a 75 percent increase.

The corporate income tax will rise from 7.3% the highest state corporate income tax in the United States and the highest combined national-local corporate income tax in the industrialized world. The cigarette excise tax would rise from 98 cents to $1.98 per 20-cigarette pack.

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COMMENT: About a dime a smoke. Are half-packs of cigarettes around the corner?