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Former U.S. Commerce Secretary and White House chief of staff Bill Daley appears on “Chicago Tonight” on Sept. 17, 2018.

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.

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Chicago mayoral candidate Paul Vallas wants candidates to release their tax returns. “You’ve got ‘em. You filed ‘em, you submitted ‘em. Just release ‘em,” he said Thursday, Dec. 20, 2018.

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.

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(Photo credit: Nathan L. Hanks Jr.)

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.

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(Ken Teegardin / Flickr)

As the end of the year approaches, it’s time to get your tax affairs in order. Two local tax experts offer their advice.

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(Chris Potter / Flickr)

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.

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(JESHOOTScom / Pixabay)

Online shoppers in Illinois are now required to pay the state’s sales tax when making purchases from certain out-of-state retailers.

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(Ken Teegardin / Flickr)

Mayor Rahm Emanuel has floated the idea of selling more than $10 billion in pension obligation bonds. We dig into the idea.

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(Walmart / Flickr)

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.

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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.

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(HutchRock / Pixabay)

A U.S. Supreme Court decision released Thursday will have consequences for the state budget – and for online shoppers. 

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Some North Side homeowners say the Cook County Assessor over-valued their property. Will other Chicago homes see a hike in their assessments?

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“House Democrats will continue to work to provide for a fair tax,” House Speaker Michael Madigan said Wednesday.

An income tax rate that would rise or fall based on your income level: Is that playing politics with your paycheck?

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Ralph Martire, executive director of the Center for Tax and Budget Accountability

A prominent local tax watchdog group says Illinois government would gain $2 billion with a graduated income tax.

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(Ken Teegardin / Flickr)

Congress makes another attempt at passing a balanced budget amendment as a new report shows the federal deficit skyrocketing.

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Thomas Jaconetty speaks Thursday at a hearing.

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.

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Cook County Assessor Joseph Berrios (File footage / Chicago Tonight)

A bombshell report on Cook County’s property tax system exposes flaws in how the assessor determines how much residents owe in property taxes. 

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