Tax Day

No reason to celebrate Tax Day

03/31/2013
The 67 percent tax hike on individuals and the 46 percent tax hike on corporations were supposed to pay down the state’s unpaid bills, but instead 80 cents out of every tax hike dollar went to fund state worker pensions in 2012.

TAGS: progressive income tax

Illinoisans must work longer than others to pay their tax bills

04/17/2012
In 2012, Illinoisans will have to work 114 days to earn enough to pay their combined federal, state and local tax bill – seven days longer than the average of all the states. The Tax Foundation released their annual “Tax Freedom Day” report, which determines how long residents must work to pay off all tax...