Chicago Hit with Highest Sales Tax

Chicago Hit with Highest Sales Tax

Cook County encompasses the entire city of Chicago along with a number of suburbs. As of 2006, it was the second largest county by population in the country.[1] And now, at 10.25%, it has the highest sales tax in the country.
The county board approved the tax raise back in February, coming into effect yesterday. It applies to clothes, alcohol, furniture, and restaurant food. Chicagoans could drive to neighboring counties where the tax isn’t so steep. But many Windy City residents have already cut back on driving in the face of the highest gas prices in the U.S. So many people …read more

Top Ten Tax Procrastination Cities

Top Ten Tax Procrastination Cities

Are your taxes done? Or have you been scrambling these past few days (or hours) to meet the deadline? If you’re among the latter, you’re not alone.
Intuit, the maker of TurboTax products, put together a list of American cities that are full of procrastinators when it comes to filing federal income tax returns. And guess who’s at the top of that list? That’s right… Chicago. The list is established by the number of tax returns filed electronically by the TurboTax Online service from April 14-17, 2007. The top twelve cities are…

Chicago, IL
New York, NY
Houston, TX
Austin, TX
San Francisco, CA
San Diego, CA
Seattle, …read more


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