When people don’t like the direction in which their state is headed, they often vote with their feet. That’s precisely what Illinoisans did during the last decade, and they took their income with them. Illinois netted a loss of more $20 billion to other states through the out-migration of its residents from 2000-2010, according to...
by Brian Costin Gov. Pat Quinn just hiked my property taxes. And, if you’re younger than 65 years old, he just hiked your property taxes too. But if you attended Quinn’s bill signing ceremony for Senate Bill 1894 you would have seen him championing himself as a fighter against Illinois’ outrageously high property tax rates, as evidenced...
After tax credits and deductions are taken into account, the effective tax rate for top earners is more than twice the national average further proof that the tax burden is most definitely progressive.
After several hours of debate, the city council voted 6-3 to raise the sales tax from 8 percent to 8.5 percent to repay an $86.6 million, 15-year bond issue to finance the three-year infrastructure program.
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 Americans Tax Returns, clears things up.
Statistics show Illinois is a high-tax state. Ironically, advocates of tax hikes across the state often argue that Illinois is a low-tax state. The people have a right to know the truth about Illinois tax environment.
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.