Wednesday, April 17, 2019

IL taxes

Illinois, my home state, is deep in debt much of which is caused by pension obligations to state employees and teachers. These debts if ever paid will be paid largely by middle and low income people. Here is one example where they are proposing doubling the state gas tax from 18 cents to 36 cents. The bill also includes vehicle registration fees of $148 and license fees of $60 A federal motor fuel (excise) tax of 18.4 cents And more state and local motor fuel (excise) taxes: 19 cent state motor fuel tax 5 cent Chicago motor fuel tax 6 cent Cook County motor fuel tax State underground storage and environmental fees of a little over 1 cent In addition the state sales tax also hits low income people the hardest.\ A slew of sales taxes that total 10.25 percent*: 6.25 percent state sales tax 1.25 percent Chicago sales tax 1.75 percent Cook County sales tax 1.00 percent Regional Transportation Authority sales tax

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