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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Federal aid to Illinois makes up more than 28% of states annual general fund budget
The State of Illinois relies on federal funds to make up 28.5% of its annual budget,
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Illinois has reserves equaling only about $4 million
Illinois' rainy-day fund would barely cover any of its annual general fund expenditures, according to a new study from the Tax Foundation.
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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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