Tax Foundation
Recent News About Tax Foundation
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Report finds Illinois has one of the highest tax rates in the country
A new report found that Illinois’ state and local sales tax rates are some of the highest in the country.
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From Prairie State Wire
Top marginal tax rate in Illinois could reach 54.29% under Biden plan
Under Democrat Joe Biden’s federal tax plan, the top marginal tax rate in Illinois could hit 54.29 percent, according to a new analysis by the Tax Foundation.
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Tax increases only compound Chicago's fiscal woes, 41st Ward GOP candidate Kessem argues
Northwest Side GOP Club Vice President Ammie Kessem (R-Chicago) can sum up Chicago's financial crisis in a couple of choice phrases that leave no doubt as to who is to blame.
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From Prairie State Wire
Springfield considering gas tax hike even though Illinois already pays among the most in U.S.
Even without the increases in the Illinois gas tax now being proposed by state lawmakers, Illinois has the 10th highest state gas taxes in the nation, according to July 2018 numbers from the Washington-based Tax Foundation.
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From Illinois Business Daily
Analysis: California, New York, D.C. have most progressive income taxes
California, Connecticut, New York, New Jersey and Washington, D.C., ranked among the U.S. jurisdictions with the most progressive individual income tax systems, according to a recent Tax Foundation analysis.
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From Illinois Business Daily
Analysis: Illinois posted 9th lowest individual income tax rate in 2018
Illinois ranked No. 36 for its top individual income tax rate, according to a Tax Foundation analysis of 2018 tax numbers that tracked the District of Columbia and the 43 states that levy such taxes.
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Lawmakers call on Chicago phone users to pay for pension woes
Chicagoans could see a 28.2 percent monthly tax increase on land and cell phone lines billed to a city address if Gov. Bruce Rauner signs into law a measure that crept through the Legislature earlier in June.