taxes

Last night, I started getting emails and texts from some people I know who are pretty plugged-in to Illinois politics. When I say plugged-in, I mean they're obsessed with the political machinations of a state that has just been named (again) as one of America's most corrupt states.

We've talked before about how Illinois is not only leading the Midwest in outbound migration, but the entire nation. Study after study has asked those who are trying to leave why they want out of our state. Most, if not all, said there was one main reason.

When recreational marijuana sales became legal in Illinois last January, there were many thoughts and projections centered around the amount of money the new pot laws would bring into Illinois' coffers. In particular, many of us wondered about tax money generated by weed sales.

I've heard lots of people ask where the tax money from the sales of recreational marijuana products here in Illinois is going. With sales of nearly a billion dollars in 2020, we've got to have a pretty decent pile of cash to spread around, wouldn't you think?

It's not only legalized marijuana that's having a big year in Illinois, as legalized sports gambling has firmly taken hold in our state.

Adam Schuster, Illinois Policy's Senior Director of Budget and Tax Research joined the WROK Morning Show on Tuesday, Election Day 2020, to fill us all in on why the so-called Fair Tax is a bad idea for Illinois.

The "Fair Tax," or "Progressive Tax" as it's being called, opens the doors for a variety of other taxes that will have a big impact on all Illinoisans, not just the rich ones.

Illinois House Republican Leader Jim Durkin and Illinois Senate Republican Leader Bill Brady introduced a resolution to withdraw Governor Pritzker’s $3.7 billion progressive income tax hike from the Nov. 3, 2020, ballot.

Treasury Secretary Steven Mnuchin announced today that the IRS has officially moved Tax Day to July 15.

It seems as though the Illinois Department of Revenue's (IDR) 2019 Illinois Tax Amnesty Program got some people's attention.