Budget + Tax

Mark Zandi and CTBA trying to pull Keynesian rabbit out of hat

Mark Zandi and CTBA trying to pull Keynesian rabbit out of hat

The Center for Tax and Budget Accountability (CTBA) wants taxes raised on hard-working Illinoisans by at least $2.4 billion annually through a progressive personal income tax, which taxes individual income at ever-higher marginal tax rates. Currently, Illinois has a flat 5 percent income tax. In a recent report, the CTBA argues for this tax hike by...

By Lawrence McQuillan

Online affiliate tax: Struck down

Online affiliate tax: Struck down

by Peter White, Liberty Justice Center Yesterday morning I sat in the Daley Center and listened as Cook County Circuit Judge Robert Lopez Cepero struck down Illinois’ internet affiliate tax law and, in so doing, handed victory to thousands of internet entrepreneurs across the state. While the outcome of the case will rest ultimately with...

By Chris Andriesen

A Victory for Liberty: Judge strikes down Illinois online affiliate marketing tax

A Victory for Liberty: Judge strikes down Illinois online affiliate marketing tax

This morning, Cook County Circuit Judge Robert Lopez Cepero struck down the online affiliate tax (Public Act 096-1544). The law required out-of-state online retailers such as Amazon.com to collect and remit sales taxes on purchases made by Illinois residents if the online retailer maintained a physical presence in Illinois. The law was signed by Gov....

By Lawrence McQuillan

Illinoisans must work longer than others to pay their tax bills

Illinoisans must work longer than others to pay their tax bills

In 2012, Illinoisans will have to work 114 days to earn enough to pay their combined federal, state and local tax bill – seven days longer than the average of all the states. The Tax Foundation released their annual “Tax Freedom Day” report, which determines how long residents must work to pay off all tax...

Cigarette taxes can’t fix Medicaid

Cigarette taxes can’t fix Medicaid

It looks like Gov. Quinn may be pinning his hopes of finding Medicaid savings by raising cigarette taxes. This isn’t the first time Gov. Quinn has floated his $1-per-pack tax hike on cigarettes. So I was glad to see that Sen. Dale Righter and Rep. Patti Bellock, members of the Medicaid reform working group, have voiced their opposition to...

By Jonathan Ingram

What are you paying for at the pump?

What are you paying for at the pump?

As Illinois motorists shell out more and more for the rising cost of gas, many people want to know: what am I paying for? In Illinois, especially in Chicago and Cook County, drivers may be surprised to find out that they’re paying significantly more in taxes on gas than drivers do in other states. At...