Not only would a progressive income tax hike end up taking more money directly from all taxpayers’ pockets, but it would also have negative economic effects on jobs growth, after-tax income adjusted for cost of living, and overall economic output.View Report
Excise taxes have failed to rehabilitate Illinois’ failing fiscal health. But lawmakers have yet to kick the habit.
Illinois stands above its peers when it comes to taxing residents. But Chicago makes it really something to behold when visitors see that famous skyline with all its tall taxes.
PlayStation users will now see an extra 9 percent tax applied to some purchases on the platform.
Chicago has some of the highest taxes on travelers in the nation.
Despite diminishing returns, the Prairie State has yet to kick its excise tax habit.
Mayor Rahm Emanuel’s proposed increase in the city’s amusement tax is nothing but the continued nickel-and-diming of Chicagoans.
In his annual budget address, Chicago Mayor Rahm Emanuel painted a rosy picture about city finances while selling more tax and fee increases.
A new proposal from state Sen. Toi Hutchinson, D-Chicago Heights, would tax internet streaming services in Illinois, much like the potentially illegal internet streaming tax implemented in Chicago.
Chicago City Council expanded its 9 percent amusement tax to include businesses subscribing to satellite television – another way to nickel and dime the most taxed residents in the state.
“Pay to play” might take on a whole new meaning in Chicago.