‘Millionaire tax’ could push Illinois corporate income tax to highest in U.S.
‘Millionaire tax’ could push Illinois corporate income tax to highest in U.S.
A push to raise Illinois’ income tax may create the most extreme business income tax rate in the nation. “Millionaire tax” could hurt jobs in a state already struggling.
By Bryce Hill
“Millionaire tax” proposal would hike income tax rates by 62% for nearly 24,000 small businesses
“Millionaire tax” proposal would hike income tax rates by 62% for nearly 24,000 small businesses
Combined state and federal income taxes would have small businesses pay more than 50% of their top-end income in taxes.
By Bryce Hill
Kit Kat, Twix are cheaper in Illinois because of tricky tax on treats
Kit Kat, Twix are cheaper in Illinois because of tricky tax on treats
Halloween shoppers can stay clear of Illinois’ spooky candy tax if they know the right candy to buy.
By Jerry Barmore
Chicago budget has jumped $6B since before COVID, faces $1B deficit in 2025
Chicago budget has jumped $6B since before COVID, faces $1B deficit in 2025
The Chicago budget has grown by over $6 billion since 2019. Despite being bolstered by billions in federal relief, the city is facing nearly a $1 billion deficit in the coming fiscal year.
By Ravi Mishra
‘Millionaire’ tax would be $2-$3.3 billion short of providing any property tax relief
‘Millionaire’ tax would be $2-$3.3 billion short of providing any property tax relief
Illinois’ state budget needs more than $6.3 billion to cover its own shortfalls before it can provide property tax relief to Illinoisans.
By Bryce Hill
Champaign County spends $60k in taxpayer money to campaign for more taxes
Champaign County spends $60k in taxpayer money to campaign for more taxes
Champaign County has spent over $60,000 on a promotional campaign for a local sales tax hike using taxpayer funds. It might surpass $100,000 by Election Day.
By Dylan Sharkey
CTA ridership just 60% of pre-COVID levels while budget is 30% higher
CTA ridership just 60% of pre-COVID levels while budget is 30% higher
Chicago transit ridership is barely 60% of pre-COVID levels while the budget is 30% higher, now they face a $577 million budget shortfall.
By Ravi Mishra
Don’t miss this tax question on your Nov. 5 ballot
Don’t miss this tax question on your Nov. 5 ballot
You will see a survey on the Nov. 5 election regarding Illinois taxes. Lawmakers can then use the results to see how voters feel when considering new laws.
By Dylan Sharkey, Patrick Andriesen
2 Illinois cities passed local grocery taxes. Is your town next?
2 Illinois cities passed local grocery taxes. Is your town next?
Illinois towns have started passing local grocery taxes that will take affect once the state grocery tax phases out in 2026. Will your town be next?
By Dylan Sharkey
How much will your community save from Illinois grocery tax repeal?
How much will your community save from Illinois grocery tax repeal?
Illinois is doing away with the statewide grocery tax. Look below to see how much taxpayers in your town or county will save when the tax goes away in 2026 – unless local leaders decide to keep it.
By Dylan Sharkey
Pritzker’s gas tax hike doubles yearly take to nearly $2B
Pritzker’s gas tax hike doubles yearly take to nearly $2B
Illinois drivers are expected to pay nearly $2 billion in state gas taxes by the end of the year, more than twice what they paid before Gov. J.B. Pritzker took office and doubled the tax. Pritzker’s tax hike took $4 billion extra from drivers between 2019 and 2023.
By Patrick Andriesen
Illinois sales taxes 7th highest in U.S.
Illinois sales taxes 7th highest in U.S.
Illinois’ combined state and average local sales tax is the seventh highest in the nation. It is the highest among the most populous states.
By Dylan Sharkey, Kurtis Karg