Anderson Economic Group Work

Illinois biz won't like these tax numbers

The report comes from the Anderson Economic Group, a consultancy with offices here, in New York and in East Lansing, Mich. I've written about their annual reports for a while now, because their methodology of looking not just gross taxes but taxes as a share of profits will have a lot of resonance with business folk.

According to the report, in 2015, the most recent year for which figures were available, Illinois business paid 9.4 percent of profits in state and local taxes.

The rate was lower in other Midwest states, including Indiana at 7 percent, ranking fifth; Missouri, 7 percent, sixth; and Ohio 7.3 percent, ninth. Michigan was 16th and Wisconsin 24th, with rates of 8 percent and 8.7 percent, respectively. All of them now have GOP governors, who have pushed through tax cuts.

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