Albert Bancroft

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Illinois personal income tax, which was raised from 3 percent to 5 percent. There are two ways to express this tax change, both of which are technically accurate. The Democrats, who engineered this tax increase, pointed out (correctly) that the state income tax rate was increased by 2 percentage points (from 3 percent to 5 percent). The Republicans pointed out (also correctly) that the state income tax had been raised by 67 percent. [This is a handy test of the formula from a few paragraphs back: (5 – 3)/3 = 2/3, which rounds up to 67 percent.]
Naked Statistics: Stripping the Dread from the Data
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