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
The average American will spend around $800 on gifts this Christmas. But making those holiday buys in Illinois will leave many families wishing they could get more bang for their buck.
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.
Cellphone taxes increased nationwide – and Illinois moved up to be the top taxer. Add another $157 in tax on Chicagoans’ wireless bills.
Illinois' current patchwork of sales tax exemptions, oftentimes carved out by special interests, makes for poor policy.
Chicago Mayor Rahm Emanuel is reportedly gunning for a transportation bill that could come with an increase in the gas tax.
Voters decided Sangamon County school building improvements were worth boosting Springfield’s sales tax to among the highest in the nation. The 1 percent sales tax hike will take the total to 10.75 percent at some stores.
A proposed 1 percent sales tax would have increased the village of Barrington’s sales tax burden to among the highest in the nation.
As a result of the U.S. Supreme Court’s decision in South Dakota v. Wayfair Inc., most online purchases in Illinois will now be subject to automatic collection of the state’s 6.25 percent use tax.
A proposed 1 percent sales tax for school facilities improvements would bring the city of Springfield’s combined sales tax rate to 9.75 percent – among the highest in the nation.
A recent survey found Illinois to be the least accommodating state in the nation for small businesses.