Budget + Tax

Impact of a 75% Hike: Diminishing Discretionary Income

Impact of a 75% Hike: Diminishing Discretionary Income

$500. $720. $1,000. These may seem like small sums compared to your total salary, but the amount a Quinn/Cullerton/Madigan tax hike will carve into your discretionary income is painfully revealing.

Will You Veto Anything Over 1%

Will You Veto Anything Over 1%

During the campaign Governor Quinn suggested that he would veto tax hike over 1%, now what?

75% TAX HIKE

75% TAX HIKE

Reports indicate Democratic leaders have agreed on a plan to hike the state income tax by a whopping 75 percent. Or maybe even 83 percent.

Illinois Universities Paying Professors to Retire Early

Illinois Universities Paying Professors to Retire Early

Last year the University of Illinois at Urbana-Champaign paid buyouts to 133 senior professors. The buyouts were offered to professors to retire early with a payment equivalent to half a year’s salary.

Special Alert from the National Taxpayers Union on Online Taxation

Special Alert from the National Taxpayers Union on Online Taxation

Senator John Cullerton of Chicago is proposing an unconstitutional $150 million tax on online shopping during the special legislative session in order to pay for the state’s reckless spending habits.