State unemployment insurance could withstand less than three months in an economic downturn. The taxes that support the fund are among the highest in the country.
Illinois voters soundly rejected a progressive state income tax because it was a path to tax retirees. That isn’t stopping state lawmakers from trying again.
Apple’s new iPhone launch on Sept. 9 may be a celebration for tech consumers, but it also makes the Illinois taxman smile. Illinois already had the nation’s highest tax rate on cell phone plans before it bumped up even more July 1.
The Education Freedom Tax Credit, also known as the Federal Scholarship Tax Credit, will give Illinois students access to donor money if the state opts into the program.