<p>As the state of Illinois careens into financial free fall, the state House of Representatives passed a bill on Sunday raising taxes by a whopping 33% and approving the state budget. Neither action will do anything to ameliorate the state&#8217;s financial woes.</p>
<p>Here are five things you need to know about the tax hike and spending bill passed by the Illinois House on Sunday.</p>

Illinois Prepares 33% Tax Increase. Here Are 5 Things You Need To Know.

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Illinois Prepares 33% Tax Increase. Here Are 5 Things You Need To Know.