Tag Archives: Taxes

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Automatic Annual Gas Tax Increases in Illinois

Posted on December 7, 2022 by David E Smith
Right on schedule, the new year will bring (yet another) onerous increase in gas taxes for Illinoisans: the gas tax is set to be increased to 42.5 cents per gallon, effective January 1, 2023.  The state gas tax was 19 cents per gallon before J.B. Pritzker took office—meaning the gas tax has more than doubled in the last four years. 
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The Internet Sales Tax: A Threat to Small Businesses and Federalism

Posted on June 7, 2018 by Benjamin D. Smith
A number of critical decisions are set to be released by the U.S. Supreme Court this month. One in particular could have wide-ranging impact on our economy and on the very principle of federalism.
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No Taxation without Moderation

Posted on May 21, 2014 by David E Smith
We’re all familiar with the old adage that the only two things certain in life are death and taxes. Yet, one major difference between the two is that for death, there are never any increases per capita and everyone has a flat rate. That certainly can’t be said for the taxes, particularly in Illinois.
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Are the Mega-Rich Really Taxed Less Than Secretaries?

Posted on September 23, 2011 by Jared Heath

By Brittany Smith, World Magazine

President Barack Obama makes it sound as if there are millionaires all over America paying taxes at lower rates than their secretaries. “Middle-class families shouldn’t pay higher taxes than millionaires and billionaires,” the president said Sept. 19.

The data tell a different story, though. On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government research. The wealthy pay at a higher rate, and as a group they contribute a much larger share of the overall taxes collected by the federal government.…

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State Democrats Pass Massive Income Tax Increase

Posted on January 12, 2011 by David E Smith

How did they vote?

Illinois lawmakers approved a 66 percent increase in the state’s income tax in the final hours of a lame duck session.

Despite tens of thousands of calls, emails, faxes and letters in opposition to increased taxes, our state legislators decided to raise the state’s personal income tax from the current 3 percent flat rate, to 5 percent and the corporate income tax rate from 4.8 percent to 7 percent.

The bill number is SB 2505.

In the Illinois House, our state representatives voted 60-57 in favor of this measure late Tuesday night. (The House needed …

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