Economy
The 2004 total gross state product for Illinois was nearly US$522 billion, placing it 5th in the nation. The 2004 per capita income was US$34,721.
Illinois' agricultural outputs are corn, soybeans, hogs, cattle, dairy products, and wheat. Its industrial outputs are machinery, food processing, electrical equipment, chemical products, publishing, fabricated metal products, transportation equipment, petroleum and coal.
Illinois' state income tax is calculated by multiplying net income by a flat rate, currently 3 percent.[12] There are two rates for state sales tax: 6.25 percent for general merchandise and 1 percent for qualifying food, drugs and medical appliances.[13] The property tax is the largest single tax in Illinois, and is the major source of tax revenue for local government taxing districts. The property tax is a local—not state—tax, imposed by local government taxing districts which include counties, townships, municipalities, school districts, and special taxing districts. The property tax in Illinois is imposed only on real property.
Source: http://en.wikipedia.org/
