Tax Foundation

Government has become increasingly dependent on top earners

By Benjamin VanMetre
03/31/2013
If there was any confusion over whether the income tax burden is progressive or regressive in the United States, a recent report by the Tax Foundation, “Putting a Face on American’s Tax Returns,” clears things up.

Even before record 67 percent tax hike, Illinois has 11th-highest tax burden nationwide

By Ted Dabrowski, John Klingner
10/23/2012
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...

Illinois’ business tax climate

By Benjamin VanMetre
10/10/2012
Illinois’ poor public policies continue to hammer the state’s business climate. This week the Tax Foundation released its 2013 State Business Tax Climate Index, confirming the state’s worsening position. Illinois dropped a full 13 places, to 29th, from 16th just since 2011.  Illinois now ranks worse than most of its neighbors. The Tax Foundation ranks states based on...

Illinois’ business tax climate

By Benjamin VanMetre
10/10/2012
Illinois’ poor public policies continue to hammer the state’s business climate. This week the Tax Foundation released its 2013 State Business Tax Climate Index, confirming the state’s worsening position. Illinois dropped a full 13 places, to 29th, from 16th just since 2011.  Illinois now ranks worse than most of its neighbors. The Tax Foundation ranks states based on...

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...

Chicago has second highest taxes on meals in restaurants

03/29/2012
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...

Interactive dashboard: Taxes on meals

03/29/2012
Chicago has the second highest taxes on meals of the 50 largest U.S. cities. Check out the Institute's interactive dashboard on meal taxes to see how we stack up.