By Jared Carl, includes “… if the graduated income tax amendment is passed by voters in November, it will allow for corporate income to be taxed at graduated – or ‘progressive’ – rates, just like individual income. … Keep in mind also that the top corporate rate isn't reserved for Fortune 500-level income … It's well known that the $3.4 billion in new revenue that will supposedly be generated by the ‘Fair Tax’ isn't anywhere close to the amount needed to correct Illinois' fiscal problems. …”