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Illinois drivers now pay 67 cents per gallon in state gas taxes, fees
Illinois residents pay 67 cents in state taxes per gallon on the gasoline they purchase, the second highest level among the 50 states, according to a new analysis by the Tax Foundation.
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Illinois levies third highest corporate income tax rate in U.S, study finds
Illinois currently taxes corporations at a maximum rate of 9.5%, the third highest level of corporate taxation among the 50 states, according to a new analysis by the Tax Foundation.
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Illinois’ out-migration numbers rank third highest in new Tax Foundation study
Illinois lost 50,769 residents between 2019 and 2020 due to out-migration to other states, representing the third highest population loss among all 50 states, a new Tax Foundation study found.
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Illinois ranks about average on state beer taxes
The state beer excise tax in Illinois amounts to 23 cents per gallon, the 28th highest rate among the 50 states and the District of Columbia, according to a new analysis from the Tax Foundation based on 2022 data.
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Illinois posts highest wireless taxes in U.S., new tally finds
Federal, state and local taxes imposed on Illinois cell phone customers are the highest in the nation, with the combined tax rate estimated at 34.6%, according to a new study by the Washington, D.C.-based Tax Foundation.
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Chicago sales tax rate of 10.25% is 2nd highest among large U.S. cities
Chicago’s combined sales tax rate – municipal, county and state – is now tied for the second highest among U.S. cities with populations of at least 200,000, according to a new analysis by the Tax Foundation.
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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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Illinois beer lovers pay state taxes of 23 cents per gallon for their brewskis
The state's beer tax is the 28th highest among the 50 states, the Tax Foundation reported.
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Hard liquor drinkers in Illinois pay $8.55 per gallon in taxes
The taxes on stiff drinks in Illinois were the 15th highest among all states, according to the foundation's study.
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For every gallon of wine they consume, Illinois residents pay $1.39 in taxes
Among the 50 states, Illinois had the 13th highest wine excise tax, the foundation's study found.
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From Idaho Business Daily
Outbound cigarette smuggling rate in Idaho estimated at 26.8%
The outflow of smuggled cigarettes in Idaho is 26.8 percent, according to a new study from the Tax Foundation that examines the relationship between cigarette taxes and smuggling.
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From Idaho Business Daily
Idaho ranks 29th best on corporate tax study
Idaho finished 29th in a study by the Tax Foundation examining how well states have structured their corporate income tax systems in 2020.
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From Idaho Business Daily
Idaho not among the 36 states with major tax changes in 2020
Idaho was not included in a new analysis from the Tax Foundation identifying 36 states that have major changes to their tax codes taking effect this year.
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From Idaho Business Daily
Idaho ranks 21st in annual tax climate ranking
Idaho finished 21st in a new study by the Tax Foundation showing which states are best at structuring their tax systems
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From Illinois Business Daily
Income taxes make up 19% of total state, local levies in Illinois, study finds
State income tax revenues in Illinois represent 19 percent of its total state and local levies, according to a new study by the Tax Foundation.
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From Illinois Business Daily
Illinois pension plans are 38% funded, study finds
The funded ratio of the Illinois public pension plans stands at 38%, according to a new analysis from the Tax Foundation based on fiscal-year 2017 data.
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From Illinois Business Daily
Illinois ranks 15th highest on distilled spirits taxes
The state distilled spirits excise taxes in Illinois ranked 15th in the nation, according to a new analysis from the Tax Foundation based on January 2019 data.
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From Illinois Business Daily
Illinois ranks 13th highest on wine taxes, study finds
The state wine excise taxes in Illinois ranked 13th in the nation, according to a new analysis from the Tax Foundation based on January 2019 data.
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From Illinois Business Daily
Illinois ranks 7th highest on state and local sales taxes, study finds
The combined state and average local sales taxes in Illinois ranked seventh in the nation, according to a new analysis from the Tax Foundation based on July 2019 data.
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From Illinois Business Daily
Illinois ranks 28th highest on beer taxes, study finds
The state beer excise taxes in Illinois ranked 28th in the nation, according to a new analysis from the Tax Foundation based on January 2019 data.