Tax Foundation

$10K per Taxpayer

By Chris Andriesen
06/25/2010
That is about how much it would cost to close the US budget deficit for 2010. Using data from the Tax Foundation, Veronique de Rugy of the Mercatus Center has created a chart which shows the average increase in tax burden per taxpayer required to balance the annual federal budget.  The cost to close the...

Jumping on the Moving Truck

By Chris Andriesen
06/16/2010
An interactive migration map from Forbes helps us understand Illinois's population migration.

2.1 Million, 34% of Tax Filers in Illinois Pay No Federal Income Tax

05/28/2010
by Brian Costin An interesting study from the Tax Foundation released earlier this week showed that 34% of Illinois citizens who filed a tax return paid no taxes on their income, slightly below the national average of 36%. 2.1 Million out of the state’s 6.1 million filers were able to reduce their income tax liability to...

Taking the Tax Man on Vacation

02/03/2010
A new Tax Foundation report highlights how some localities are trying to extend hotel taxes to online booking service fees.