April 25 marks Illinois’ Tax Freedom Day. This day commemorates the point in 2013 when Illinoisans have worked enough to cover the rising cost of federal, state and local government.

Health nuts and anti-tobacco fanatics, get out your streamers and champagne: Cook County’s new $1 per pack cigarette tax hike goes into effect today. Contrary to the so-called health conscious intentions of this tax’s creators, however, Cook County smokers will continue to buy cigarettes. Lots of them. Last year, Cook County brought in approximately $115 million...

The Tax Foundation has reaffirmed Illinois’ status as a high-tax state in its newly released 2012 Annual State-Local Tax Burden Ranking. Based on the Census Bureau’s 2010 data, the report found that Illinois’ overall tax burden per resident is the 11th highest in the nation. Some highlights from the report include: At 10.2 percent, Illinois has...

Gov. Quinn is not getting great press these days. The Cato Institute recently ranked him the worst governor in the nation. His approval rating stands at just 26 percent. And while Gov. Quinn may choose to ignore those messages, he may want to heed the warnings the financial markets continue to fire his way. Credit agencies have...

Ever notice that going out to eat seems more expensive in Chicago than other cities? One of the reasons is that on top of the very high sales tax in Chicago, there are additional taxes on meals in restaurants: 0.25 percent Chicago restaurant tax and 1.0 percent Metropolitan Pier and Exposition Authority (MPEA) food and...

A fresh start with the right priorities.