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The RTA sales tax was increased to 1.25% in Cook County, and 0.75% in the collar counties (from 1% and 0.25%, respectively), but one-third of the sales tax collected in the collar counties (i.e. 0.25%) is distributed directly to the counties [39] and the county boards may use that money for transportation or public safety purposes. [40]
As of March 31, the IRS had paid out $183.130 billion in refunds for tax year 2022. That’s down 10.4 percent from last year’s total of $204.405 billion. The amount paid out per taxpayer is ...
Households reporting incomes up to $21,800, the bottom fifth, pay 14.4 percent of their total income in state and local taxes. Those making between $21,800 and $231,500 in Illinois pay between 11 ...
The 2022 tax filing deadline is Monday, April 18. Gov. J.B Pritzker recently announced, however, that victims of severe storms, straight-line winds and tornadoes beginning Dec. 10, 2021 have until ...
The Illinois Department of Revenue has increased in size in line with the creation of new taxes within the state and the expansion of existing taxes. A gasoline tax was enacted in Illinois in 1927, the sales tax was enacted in 1933; the state income tax was enacted in 1969, and the first lottery tickets were sold in 1974 in the state capital of ...
On February 1, 2023, as part of her Executive Budget proposal to the New York State Legislature, Governor Kathy Hochul proposed raising the MTA payroll tax, a move projected to increase revenue by $800 million, and also giving the MTA some of the money from casinos expected at present to be licensed soon for business in Manhattan. [155]
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Average sales tax paid: $2,712, rank: 25. Effective total tax rate: 15.01 percent, rank: 51. The average Illinois household pays nearly $9,500 in state and local taxes every year, with Illinois ...