The 2011 tax hikes cost the state economy $55.8 billion in real GDP from 2012-2016.View Report
The Land of Lincoln is also the land of “sin” taxes, “saint” subsidies and other nanny-like policies, according to a new study.
The combined burden of municipal and state taxes on alcoholic beverages might make Chicagoans think they’re seeing double.
Despite diminishing returns, the Prairie State has yet to kick its excise tax habit.
With the ratification of the 21st Amendment, 1933 marked the end of Prohibition in the United States. But that hasn’t stopped the Land of Lincoln from serving a cocktail of prohibitive regulations on alcoholic beverages.
Illinois ranks eighth in the nation for state and local excise and selective sales tax collections.
The proposal would prohibit retailers from selling single servings of alcohol after midnight in a questionable move to fight panhandling and public intoxication.
Cook County’s penny-per-ounce soda tax is just the latest in a long history of beverage taxes in Chicago.
Suburbs such as Downers Grove make dining out costlier through tax hikes.
AFSCME officials proposed seven tax increases for Cook County as a way to save union jobs, including an increase in the county sales tax, a new head tax and doubling the amusement tax to 6 percent, despite the county’s local tax burden already being among the highest in the nation.
Taxes on alcoholic beverages in Illinois are among the highest in the Midwest.