America’s War on Poverty has been an abject failure. Nearly $12 trillion and 60 years later, official poverty rates remain basically unchanged. While the nation waged a well-intentioned assault on poverty, it inadvertently launched a far more sinister war: on dignity. While attempting to eradicate poverty, America created countless government welfare programs. In doing so,...View Report
Illinoisans shopping for Valentine’s Day will pay the highest sales tax in the Midwest and eighth-highest in the nation.
Illinois shoppers will pay an average 8.81% in sales taxes on presents this holiday, the eighth most nationwide. Some Cook County communities will charge up to 11.5%.
Retailers should expect a record number of holiday shoppers this weekend. Shoppers in Illinois will get hit with some of the nation’s highest sales taxes.
Surging gasoline prices mean Illinois is getting a boost in sales taxes from fuel, but that’s because drivers are paying the extra $200 a year. Most states don’t charge sales tax on gasoline, but Illinois adds it atop other taxes – taxing the taxes.
Illinois’ combined state and average local retail sales tax rate topped 8.8% in 2022. That’s the 8th-highest in the nation and the highest in the Midwest.
Illinois imposes some of the nation’s highest sales taxes on holiday shoppers, and this year online shopping will no longer offer a break.
Sales tax revenue is up from pre-pandemic levels, in part because Illinois is now forcing online retailers to charge local sales tax rates as high as 10.25%. No tax breaks this Cyber Monday.
Illinoisans pay one of the highest sales tax rates in the nation when local and state sales taxes are averaged. The average rate of 8.83% was up slightly from a year earlier.
Sales taxes can exceed 10% in Illinois depending on where consumers do their holiday shopping. The average has been creeping up in recent years.
Monthly sales tax collections in Illinois continued sharp declines compared to one year earlier amid strict COVID-19 restrictions. Neighboring states with more open economies fared better.