Category: Taxes
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In Illinois, You Are Taxed On A Tax – Gas Tax
There are lots of news stories about Illinois’ gas tax going up on July 1st to 47 cents a gallon from its current tax of 45.4 cents per gallon. The tax that is increasing is the Illinois Part A tax. Part B tax changes at the first of the year and is calculated by multiplying the average cost of gas per gallon in Illinois in the previous year by 6.25%. The federal tax has been unchanged for decades and is 18.4 cents per gallon.
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The IL Budget – A Gross Abuse of Taxpayers
There’s nothing more self-righteous than an Illinois Democrat in the throes of budget negotiations.
Every one of them assumes that all the state needs to do is spend more money, and magically, matters of crime, lackluster education scores, the third-highest unemployment in the country, and a myriad of other problems will get solved.
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Are You Ready For a Property Tax Revolt?
I have to admit that I find it a bit amusing to hear all the bellyaching from some people in Cook County that are opening up their property tax bills and facing sticker shock. There’s one easy solution, but No One in Springfield cares enough to do anything about it.
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Pritzker Proposes Massive New Taxes on Income, Businesses, and Property, And $2 Billion in New Spending
In one of the most deceptive speeches ever, Gov. Pritzker, on Wednesday in his combined State of the State and Budget Address, proposed outright a billion dollars in new taxes and $2 billion in new spending for FY 2025. Most media reports and statements by politicians and interest groups, however, missed a much larger and more important part of this political pandering piece of garbage speech.
With a magnanimous inflection,
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Happy Thanksgiving
We are blessed to live in America, the land of plenty – rich farmland, enormous natural resources, a place where human ingenuity can flourish under a system that protects property rights and the rule of law protects us from the rule of men.
That’s how it’s supposed to be. That’s what our founding fathers fought for, argued over, and designed a constitution around. That’s not how it feels right now.
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Illinois Taxes Headed Up
“Next month, the state’s gas tax will increase by 6.2 cents to a total tax of 45.4 cents, the second increase since Jan. 1. The state’s tax on groceries will also go back into effect after Gov. J.B. Pritzker put a hold on the tax during last year’s election cycle.”
The expiration of the one-year sales tax holiday for groceries will generate $400 million more for the state to waste. The expiration of the holiday on back-to-school items will bring in another $30 million.
