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07-01-2008, 11:29 AM #1
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Chicago Highest Sales Taxes in Country - 10.25%!!!
WOW! Double Digits! The IA's are really getting expensive to feed and clothe!
Taxes In Chicago Now 10.25 Percent, Highest In Country
CHICAGO (CBS) ― Sales taxes in Chicago are now the highest in the nation, and business leaders are furious.
As CBS 2's Joanie Lum reports, a 1 percent sales tax increase is in effect Tuesday, hiking the sales tax in the city of Chicago to 10.25 percent. By comparison, the sales tax in Lake and Will counties is 7 percent, and in DuPage County, it's 7.25 percent.
A sales tax of 10.25 percent is also significantly higher than the sales tax in other major cities. The next highest rate in the country is in Memphis at 9.25 percent. New York, Los Angeles and Dallas all have a sales tax of under 8.3 percent, Phoenix has a tax of 6.3 percent, and Denver's sales tax is only 3.6 percent.
The Cook County Board voted to raise the sales tax at the end of February, after a five-month stalemate on the 2008 budget. Board President Todd Stroger and his supporters ultimately prevailed, saying the tax hike was necessary to provide health care and other services.
The tax hike applies to everything but groceries, medicine, cars and boats. For larger purchases like furniture or appliances, the taxes can add up.
It will definitely be cheaper to shop in the suburbs. Buy a $500 TV in DuPage County where the taxes are 6.75 percent and you'll pay $534, in Chicago where the taxes are 9 percent, you'll pay $545 for that same television, and when taxes increase to 10.25 percent, you'll pay $551.
For that reason, businesses are concerned that consumers will leave Cook County to make purchases.
The Civic Federation fought the tax increase, and says it should be rescinded.
"The tax is unreasonable, it's too big of a tax, and it wasn't necessary for the county to maintain its services," said Civic Federation President Laurence Msall.
"It's a sales tax that [Cook County Board] President Stroger himself admitted is larger than what even would be needed by their budget estimates. So we think it is very unfortunate," Msall added. "We call on the County Board to reverse their decision."
Some Cook County taxpayers were equally displeased.
"That's ridiculous. That's too much. What to they want us to do?" said Darryl Woods. "The tax is too high already – now they want to go up higher?"
"You have to think twice about what you're spending," added Barbara Fritz. "Ten percent is ridiculous."
Already happening at DuPage County gas stations close to the Cook County line, they are advertising that customers pay no Cook County taxes.
Some residents of Palatine have been so upset by the tax hike that they have even talked about seceding from the county.
Several Cook County commissioners voted against the sales tax increase. One of them, Tony Peraica, and other officials are holding a 12:30 p.m. protest Tuesday outside the Thompson Center.
The tax is estimated to bring in more than $440 million in new revenue.
http://cbs2chicago.com/local/cook.count ... 60949.html
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07-01-2008, 11:34 AM #2Some residents of Palatine have been so upset by the tax hike that they have even talked about seceding from the county.Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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07-01-2008, 11:37 AM #3
Let's see...Chicago a far left extremist socialist city with huge city government wasteful spending and a sanctuary city for masses of illegal aliens has the highest sales tax in the nation...does anyone see a correlation here???
Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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07-01-2008, 12:02 PM #4
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Originally Posted by zeezil"Calling an illegal alien an undocumented immigrant is like calling a burglar an uninvited house guest."
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07-01-2008, 02:08 PM #5
This is the sort of situation exploited by the Russian mob in New York in which a gas station would be bought and offer lower prices for gas but go bankrupt before the taxes are paid. The mob in Chicago is likely to take over some high volume low margin stores and then fold them before they pay their taxes.
I support enforcement and see its lack as bad for the 3rd World as well. Remittances are now mostly spent on consumption not production assets. Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
We must push through early Thurs at this critical moment
04-24-2024, 10:44 PM in illegal immigration Announcements