illinois taxes

Illinois Issues - Past Due
6:00 am
Wed November 19, 2014

Editor's Note: Tax And Pension Fix Won’t End Illinois’ Budget Crisis

Jamey Dunn
Credit mattpenning.com 2014 / WUIS/Illinois Issues

Listen to Dunn's interview about her column with Rachel Otwell: 

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Illinois Issues
12:00 am
Mon September 1, 2014

End and Means: Quinn, Rauner Should Read Between the Lines on Ruling

Charles N. Wheeler III
Credit WUIS/Illinois Issues

While the fat lady may not yet have sung for the new law slashing pension benefits for public workers, she certainly seems to be warming up in the wings, courtesy of the Illinois Supreme Court.

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Illinois Issues
12:00 am
Sun June 1, 2014

A Pronounced Divide: The Gap Between Rich and Poor is Wider in Illinois Than in Most Other States

Amid the debate about the nation’s widening gap between rich and poor — a reality amplified in the State of the Union address — the numbers in Illinois paint a particularly striking picture.

It’s not your imagination. Multiple studies and census figures point to the rich getting richer and the poor and middle class treading water or losing ground all across the nation, but Illinois is among the states with the most pronounced divide. 

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Illinois Issues
12:00 am
Sun June 1, 2014

Ends and Means: Plan Could Trim Illinois' Glut of Local Government Units

Charles N. Wheeler III
Credit WUIS/Illinois Issues

Illinois has some 6,500 units of local government — a great many more than any other state in the nation. A pattern of overlapping jurisdictions, pyramided taxing powers, fragmented public services and divided responsibility has pervaded Illinois and caused a complex and complicated tangle of governments at the local level.

Is this a recent observation from some academic think tank, offered as Illinoisans this month face paying the first installment of the property taxes that sustain most of the 6,500-plus governing bodies?

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Illinois Issues
12:00 am
Thu May 1, 2014

End and Means: One Plan to Change School Funding Shines Without Pizzaz

Charles N. Wheeler III
Credit WUIS/Illinois Issues

As the Illinois General Assembly girds for what everyone hopes will be the final month of its spring session, the spotlight is on a handful of high-profile issues, topped by crafting a budget for the 2015 Fiscal Year that starts July 1.

Key to budget-making, of course, is whether lawmakers heed Gov. Pat Quinn’s call for keeping in place current income tax rates, now scheduled to roll back on January 1. Allowing the rates to drop dramatically would lead to “extreme and radical cuts” in education and other core state services, the governor warned in his March budget address.

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Illinois Issues
12:00 am
Tue April 1, 2014

Coming to a State Near You: Illinois Brought in Record Dollars from Entertainment Industry Last Year

An upcoming film about the late author and former Illinois State University professor David Foster Wallace opted not to film in the Bloomington-Normal area and instead chose Michigan, reportedly for the state’s more generous tax breaks.
Credit WUIS/Illinois Issues

Robots from space attacked Chicago, blowing up buildings and vaporizing residents as they ran through the streets. A mad villain flipped a semi-trailer end over end and blew up a hospital. Two blues men drove through a suburban mall, crashed into the lobby of the Richard J. Daley Center and caused a pileup of police cruisers while tearing around the city on a holy mission. 

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Illinois Issues
12:00 am
Tue April 1, 2014

End and Means: Reports Say Tax Cuts Won't Spur Economic Development

Charles N. Wheeler III
Credit WUIS/Illinois Issues

  Guess what? 

State tax cuts don’t improve economic growth.

No, that’s not an April Fool’s Day zinger.

Rather, it’s the conclusion of a report issued last month by the Fiscal Policy Center at Voices for Illinois Children, a nonpartisan advocacy organization for the state’s youngsters (Poor Finances, Uncertainty about Looming Revenue Collapse Threaten State Economy).

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Illinois Issues
12:00 am
Sat March 1, 2014

Broken System: Can Illinois' Antiquated Means of Generating Revenue be Overhauled?

Click to view larger image.

  Taxes suck.

That, it seems, is the only truism. Nobody wants to render unto Caesar. But, at least in Illinois, Caesar needs to get re-elected, and so stuff can get complicated.

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Statehouse
7:13 am
Thu February 20, 2014

Illinois Bill Would Exempt Olympians From Paying State Tax

Credit NBC

It is an example of a measure that might not affect many people.

An Illinois lawmaker says Olympic athletes who win medals shouldn't have to pay state tax on their awards.

State Sen. Julie Morrison is sponsor of legislation approved by a Senate committee Wednesday that would waive the tax.

Morrison is a Democrat from the Chicago suburb of Deerfield who says she represents many of Illinois' Olympic athletes. She says Olympic athletes proudly represent Illinois and the U.S. and ``we should honor them for their commitment.''

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Illinois Issues
12:00 am
Sat February 1, 2014

End and Means: Illinois Should Examine Its Revenue Structure

Charles N. Wheeler III
Credit WUIS/Illinois Issues

Has the time come to overhaul Illinois’ venerable (outdated?) revenue structure?

The question is more than academic, given the daunting challenge for Gov. Pat Quinn and the Illinois General Assembly to craft a balanced budget for next fiscal year with some $2 billion less in receipts due to the partial rollback of the 2011 income tax increase.

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Illinois Issues
12:00 am
Fri November 1, 2013

Over The Horizon: Increase in the State Income Tax From 3 Percent to 5 Percent Expires in 2015

Although the search for a way out of the state’s public pension mess has been the focal point in Springfield for the past two years, it’s not the only fiscal question mark looming over Illinois’ political landscape.

But unlike the years-long build-up that led to the slow-motion pension train wreck, this potential debacle has a timeline that’s crystal clear. On January 1, 2015, the first phase of the state’s temporary 2011 income tax increase will expire, potentially blowing a projected $2.2 billion hole in the state’s revenue stream.

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Tax Burden
1:55 pm
Wed October 9, 2013

Does It Pay To Move From Illinois?

Is it worth it to leave one state for another due to taxes?  The National Center for Policy Analysis, a non partisan public policy research group, developed a way to help you determine the answer.  It's an online state  tax calculator.   Pam Villareal is a senior fellow for the Center. She spoke with WUIS' Sean Crawford:

Want to try out the calculator?  Find it here.

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Illinois Issues
12:00 am
Fri June 1, 2012

State of the State: States Need a Federal Solution for Online Tax Collection

Jamey Dunn
Credit mattpenning.com 2014 / WUIS/Illinois Issues

A year after Gov. Pat Quinn signed a bill aimed at collecting sales tax from online retailers, the state is still struggling to get revenues from sellers such as Amazon.com, and it seems that Illinois and other states may be out of luck until a federal solution can be found. 

The U.S. Supreme Court ruled in 1992 that states could not make businesses outside of their borders collect tax on purchases made by state residents. But if a business has a brick and mortar presence in a state, such as a store, it must collect state taxes on catalog and Internet sales in the state, too. 

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