Tax Foundation
Recent News About Tax Foundation
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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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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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Non-partisan report ranks Illinois as fifth worst state for taxes
A recent non-partisan Tax Foundation report revealed that Illinois residents face some of the highest taxes in the country and the state is ranked the fifth worst state for local and state taxes.