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Illinois Income Tax

What's Going To Happen With Illinois' Income Tax?

Matthew Dietrich | Posted 05.09.2016 | Chicago
Matthew Dietrich

This week's "Only in Illinois" starts with a flashback to the Jan. 2, 2014, "Only in Illinois" in which I made a prediction about the future of the Il...

Comparing Illinois' Corporate, Individual Income Tax to Neighbor States

Reboot Illinois | Posted 12.15.2015 | Chicago
Reboot Illinois

Illinois collected $4.3 billion in corporate income tax revenue in 2014, accounting for approximately 21.1 percent of the total income tax revenue gen...

Vote on What Lawmakers Should Do With the State Income Tax Now That They've Passed an 'Absurd' Budget

Matthew Dietrich | Posted 08.02.2014 | Chicago
Matthew Dietrich

Lawmakers were able to pass a budget before the spring session ended. What's missing from that budget, however, is any indication of what will happen after the income tax hike expires Jan. 1.

Why Is Illinois' Unemployment Lagging Behind the Rest of the Nation?

Matthew Dietrich | Posted 07.12.2014 | Chicago
Matthew Dietrich

Illinois lagging behind the rest of the country in terms of unemployment is nothing new... it has been that way since the recession. But why can't the Land of Lincoln catch up? Why does it have to be stuck in the pack at the back?

Bringing Out the Gloves on the Progressive vs. Flat Income Tax Debate

Matthew Dietrich | Posted 04.13.2014 | Chicago
Matthew Dietrich

What's going to happen to our income taxes in Illinois? Should we switch to a progressive tax system with different rates that rise as incomes go up? Should we maintain our flat system?

Sponsor: Progressive Tax Push Coming in Spring

Matthew Dietrich | Posted 11.13.2013 | Chicago
Matthew Dietrich

There are a handful of bills in the General Assembly seeking to change the state constitution to allow Illinois to drop its one-rate-for-all income tax system and implement a progressive income tax. But so far there's been no legislative push to get things moving.

Emanuel on Letterman: Chicago Mayor "Best Job Ever'

Matthew Dietrich | Posted 11.10.2013 | Chicago
Matthew Dietrich

Hear Emanuel's response and his thoughts on gun control, Syria and running a president's staff -- plus a pretty good impression of his former boss, Bill Clinton -- in the video.

2014: Dillard, Rutherford Announce Running Mates via Social Media

Matthew Dietrich | Posted 11.03.2013 | Chicago
Matthew Dietrich

Republican gubernatorial candidates Dan Rutherford and Kirk Dillard used social media over the long holiday weekend to preview their running mate choices.

Double-dip Dem Debate

Madeleine Doubek | Posted 10.12.2013 | Chicago
Madeleine Doubek

Gov. Pat Quinn and his opponent, Bill Daley, are fully sparring now over cronyism as this Daley says Quinn's nomination to the Chicago Transit Authority of Thornton Township Supervisor Frank Zuccarelli violates the spirit of a law that doesn't allow some board nominees to get multiple government salaries.

Metra chairman resigns: No politics here, he says

Matthew Dietrich | Posted 10.02.2013 | Chicago
Matthew Dietrich

METRA CONTINUED The Metra board chairman portrayed by former CEO Alex Clifford as a pawn of House Speaker Michael Madigan resigned on Thursday. Cliffo...

Madigan/Cullerton lawsuit: "Quinn acting like Blagojevich"

Matthew Dietrich | Posted 09.30.2013 | Chicago
Matthew Dietrich

"NOT SINCE GOVERNOR BLAGOJEVICH..." House Speaker Michael Madigan and Senate President John Cullerton begin their lawsuit against Gov. Pat Quinn by in...

Quinn's lawmaker salary veto: Playing with fire?

Matthew Dietrich | Posted 09.28.2013 | Chicago
Matthew Dietrich

SALARY VETO AS STRATEGY This week Illinois lawmakers will miss their first monthly paycheck after Gov. Pat Quinn vetoed their salaries after their fai...

Income tax debate takes center stage

Matthew Dietrich | Posted 09.24.2013 | Chicago
Matthew Dietrich

SPOTLIGHT ON INCOME TAX Jan. 1, 2015, is D-Day for Illinois' income tax. That's when most of the 2011 temporary income tax increase expires, dropping ...

What's in Illinois' income tax future?

Matthew Dietrich | Posted 09.22.2013 | Chicago
Matthew Dietrich

TAX TALK Illinois lawmakers face some tough choices about our state income tax. In 2011, they raised the income tax from 3 to 5 percent for four years...

Lawmaker: Make Income Tax Hike Permanent As Part Of Pension Fix

Reuters | Posted 04.23.2013 | Chicago

By Joanne von Alroth SPRINGFIELD, Ill., Feb 20 (Reuters) - An Illinois lawmaker proposed on Wednesday making a personal income tax inc...

City May Collect On Overdue Fines By Docking State Tax Returns

Posted 02.14.2012 | Chicago

Do you owe the city of Chicago some money for an overdue parking ticket or other fines? Under a proposal approved Tuesday by the City Council Budget C...

State GOP Leaders 'Celebrate' Tax Hike Anniversary

Posted 01.12.2012 | Chicago

Leading Illinois Republicans on Thursday lashed out against the state's income tax hike as a "failure" one year to the day after it was approved by Go...

State Lawmakers Aim For More Corporate Tax Cuts

Posted 12.15.2011 | Chicago

Illinois House Republican leaders on Wednesday introduced a proposal that would roll back the corporate income tax hike that state Democratic leadersh...

WATCH: After Tax Hike, Las Vegas Coming After Illinois Businesses

Posted 05.25.2011 | Chicago

A new ad airing in Illinois is asking businesses in the state to try their luck elsewhere -- in Las Vegas, to be specific. The 30-second spot was m...

Despite Crowing, Illinois Income Tax Still Relatively Low

The Huffington Post | Will Guzzardi | Posted 05.25.2011 | Chicago

Since Illinois lawmakers passed a two-point income tax increase -- raising rates from three to five percent to address the state's dire budget crisis ...

Income Tax Hike Suddenly Looks Doomed

Posted 05.25.2011 | Chicago

For a moment Friday, it seemed as if it might actually happen. Governor Quinn, Speaker Madigan and Senate President Cullerton had reached an agreement...

Democratic Leaders Strike Deal On Income Tax Hike

Posted 05.25.2011 | Chicago

Leaders in Springfield appear poised to push for a temporary income tax increase of 2.25 percentage points, in order to help offset the state's massiv...

Quinn Tabling Income Tax Hike Push Until Next Year

Chicago Tribune | Monique Garcia | Posted 05.25.2011 | Chicago

Gov. Pat Quinn today suggested he'll wait until after Jan. 1 to push state lawmakers to approve an income tax increase, saying it would be easier to g...

AG Madigan Questions Income Tax Hike, Previews Governor Race Theme

AP/The Huffington Post | Posted 05.25.2011 | Chicago

Attorney General Lisa Madigan is raising questions about the income tax increase proposed by Gov. Pat Quinn, her potential opponent in next year's gub...

Illinois Income Tax Hike Coming: Quinn

AP/The Huffington Post | Posted 05.25.2011 | Chicago

Gov. Pat Quinn says some Illinois residents will have a "higher tax burden" when he announces his state budget plan next week to fix a deficit estimat...