Tax Foundation
Recent News About Tax Foundation
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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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Illinois taxes and fees make gas more expensive than in any neighboring state
The Tax Foundation, a tax policy nonprofit, recently found that Illinois has the highest gas tax rates of any state in the region.
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Pritzker's progressive tax push not fair, according to critics
Gov. J.B. Pritzker’s plan to change the state’s tax code has received a lukewarm reception.
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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.