Tax Freedom Day

Growing out of control: Property taxes put increasing burden on Illinois taxpayers

By Ted Dabrowski, John Klingner
12/17/2015
Property taxes are the single largest tax in Illinois, burdening residents far more than either income or sales taxes. Illinoisans already know they pay high property taxes. But what is not as well known is that property taxes are outpacing residents’ ability to pay for them. Over the past 50 years, whether measured in comparison...

Illinois taxpayers worked 118 days into 2014 to pay for taxes

By Benjamin VanMetre
04/28/2014
April 28 marks Illinois’ Tax Freedom Day. This day commemorates the point in 2014 when Illinoisans have worked enough to cover the rising cost of federal, state and local government. From now through the rest of 2014, Illinoisans finally will be able to keep the money they earn. Illinois’ high-tax environment pushed the state’s Tax...

TAGS: income tax, tax freedom day