Balancing act: Tax structure in the Seventh District
This article will begin by reviewing the
criteria often cited for establishing a good
tax structure. Against these criteria, it will
examine the tax structure of the five Seventh
District states—Illinois, Indiana, Iowa, Michigan
and Wisconsin—focusing on their utilization
of the property, income and general sales
tax. Finally, it will review the tax options now
under consideration to relieve state and local
fiscal pressure.
