The Daley campaign provided “Chicago Tonight” the cover sheets for his 2017 federal income 1040 form. They show that Bill Daley paid an effective tax rate of 37 percent on adjusted gross income of just over $2.5 million.
The majority of candidates running for mayor of Chicago have not yet released their tax returns – and some may not at all. “This is no time for a mayor to be veiled in secrecy,” said candidate Paul Vallas.
Tax returns can show a candidate’s wealth, charitable giving and whether their financial interests could present a conflict of interest. At least five of the major candidates for Chicago mayor have not yet made their returns public.
As the end of the year approaches, it’s time to get your tax affairs in order. Two local tax experts offer their advice.
J.B. Pritzker is on track to spend his entire 2017 income on his gubernatorial campaign, while Bruce Rauner has spent roughly half his annual income on the race, tax forms show.
Online shoppers in Illinois are now required to pay the state’s sales tax when making purchases from certain out-of-state retailers.
Mayor Rahm Emanuel has floated the idea of selling more than $10 billion in pension obligation bonds. We dig into the idea.
Chicago’s bag tax has resulted in a decrease in the use of disposable bags since taking effect early last year, but a majority of shoppers still use at least one disposable bag per trip, a new study shows.
The recent GOP federal tax cut law isn’t very popular among Democratic politicians. But city officials are taking advantage of one provision that could jump-start development in blighted areas.
A U.S. Supreme Court decision released Thursday will have consequences for the state budget – and for online shoppers.
Some North Side homeowners say the Cook County Assessor over-valued their property. Will other Chicago homes see a hike in their assessments?
An income tax rate that would rise or fall based on your income level: Is that playing politics with your paycheck?
A prominent local tax watchdog group says Illinois government would gain $2 billion with a graduated income tax.
Congress makes another attempt at passing a balanced budget amendment as a new report shows the federal deficit skyrocketing.
After a highly critical independent report finds Cook County property taxes punish the poor, officials from the assessor’s office are put in the hot seat.
A bombshell report on Cook County’s property tax system exposes flaws in how the assessor determines how much residents owe in property taxes.