In yesterday's House hearing, the Treasury Inspector-General was asked if he could list which organizations had been targeted by the IRS for delayed approval or harassing questions. He replied that he could not make that...
- Chicago Sun-Times Quotes Tax Foundation in Article on Chicago Sale...
Chicago Sun-Times Quotes Tax Foundation in Article on Chicago Sales Tax
By Lisa Donovan
Starting Sunday, the next time you dine out or buy a big screen television in the Chicago area you should find a little extra change in your pocket.
That's because the dawn of the New Year means Cook County's sales tax falls a quarter cent. In most parts of Chicago, the combined city, county and state sales tax rate falls from 9.75 percent to 9.5 percent on all retail purchases except groceries.
Likewise, taxes on a restaurant tab will fall a quarter cent but will vary depending where you dine out. Restaurants inside a special taxing district that includes downtown Chicago will see taxes fall from 11 percent to 10.75 percent, for example.
But don't get too excited: Chicago retains the dubious distinction of having the highest sales tax rate of any big city in the nation. In second place is Phoenix, followed by New York City, according to the Chicagoland Chamber of Commerce.
"Basic economics teaches us that if you lower the price of doing something, people will do more of it," Scott W. Drenkard, an analyst with the independent Washington, D.C.-based Tax Foundation, wrote in an email to the Sun-Times.
"While Cook County may have a ways to go before it is competitive with its neighbors in Wisconsin, this is a step in the right direction."
Maryland Gov. Martin O’Malley’s office took a swipe at a grass-roots citizens’ group over a report claiming people are leaving Maryland for Virginia, beginning a fight in cyberspace between the governor, the citizens’ group and an established...
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