Illinois Rakes in More Than $1 Million in Tax Revenue From Super …

Feb 8, 2021  · For the first time, Illinois residents were able to bet legally on the Super Bowl, and the state raked in more than $1 million in tax revenue thanks to the game. According to information from the ...


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Illinois Rakes In More Than $1 Million In Tax Revenue From Super …

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Feb 8, 2021  · For the first time, Illinois residents were able to bet legally on the Super Bowl, and the state raked in more than $1 million in tax revenue thanks to the game. According to information from the ...

nbcchicago.com

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State Of Illinois Takes In $1.15 Million From Super Bowl

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Feb 9, 2021  · The state of Illinois took in more than $1 million in total tax revenues on Sunday, thanks to the Super Bowl. ... Illinois Rakes In Tax Revenues From Sports Betting Published on …

sports-king.com

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After 10 Years, Will Illinois Implement A Millionaires' Tax?

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2 hours ago  · The 2020 constitutional amendment to create a graduated income tax drew more than $100 million in spending. If the millionaire’s tax turns into one, it may face a similar fight. …

suntimes.com

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Illinois Rakes In More Than $1 Million In Tax Revenue From Super …

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Feb 8, 2021  · For the first time, Illinois residents were able to bet legally on the Super Bowl. Today: December 10, 2024 Facebook-f Instagram Linkedin-in Rss Twitter Youtube

wirepoints.org

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Illinois Voters To Consider Income Tax On Millionaires To Fund …

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Oct 30, 2024  · The questions ask whether the Illinois Constitution should be amended to create a three percent tax on people making more than $1 million. That money would then go towards …

wcia.com

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Illinois Voters Approve The Idea Of Raising Taxes On Income Over $1 …

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Nov 6, 2024  · The station adds, “state revenue officials say could pump at least $4.5 billion more each year into the state’s treasury to then divert to property tax reduction.” While the …

wusf.org

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‘Millionaire’ Tax Would Be $2-$3.3 Billion Short Of Providing Any ...

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Oct 22, 2024  · The most recent tax return data available from the Illinois Department of Revenue shows that a 3% income tax hike on earnings above $1 million would raise between $3 billion …

illinoispolicy.org

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Illinois Voters Approve The Idea Of Raising Taxes On Income Over $1 …

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Nov 6, 2024  · In Illinois, a non-binding referendum laying out a plan “to create an additional 3% tax on income greater than $1,000,000” and put the money toward cutting property taxes …

kawc.org

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Millionaire Tax Vote Opens Door To New Clash Over Chicago …

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The state population fell by more than 87,000 in 2022, which translates to a loss of $9.8 billion in adjusted gross income, according to the Internal Revenue Service.

msn.com

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Quinn Continues ‘millionaire Surcharge’ Push For Illinois Property …

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Oct 10, 2024  · The total amount paid annually by Illinois property tax payers is $23.2 billion, according to Quinn. With early voting ongoing, one of the advisory questions voters are being …

wgil.com

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Illinois OKs Advisory Referendum On Income Taxes | STLPR

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Nov 6, 2024  · A 3% tax on individual income over $1 million would be used to reduce the property tax burden. ... which state revenue officials say could pump at least $4.5 billion more each …

stlpr.org

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Illinois Voters OK Advisory Referendum Seeking Higher Taxes On …

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Nov 5, 2024  · The tax measure called for imposition of a 3% levy on individual income over $1 million, which state revenue officials say could pump at least $4.5 billion more each year into …

suntimes.com

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'Millionaire Surcharge': What To Know About The Property Tax Relief ...

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Nov 5, 2024  · Per the latest data from the Illinois Department of Revenue, the 3 million households paid $23.2 billion in residential property taxes in 2022. Will passage of the …

yahoo.com

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Illinois Is Considering A 3% Tax On Millionaires To Solve The State's ...

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Oct 6, 2024  · The legislation in Illinois is similar to taxes on the wealthy passed in other states, like Massachusetts. Massachusetts approved a 4% tax on those earning more than $1 million …

yahoo.com

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“Millionaire’s Tax” Question Wins Approval From Illinois Voters

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Nov 7, 2024  · The Illinois Department of Revenue has estimated that a 3 percent income tax surcharge on earnings over $1 million could generate as much as $4.5 billion annually in tax …

therealdeal.com

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How ‘millionaire’s Tax’ Ballot Question Hides A Business Tax Hike

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Oct 20, 2024  · Changing to a progressive income tax in Illinois could mean a massive tax hike for these businesses and create marginal income tax rates in excess of 50% when all state and …

dailyherald.com

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Illinois On Tap To Have Biggest Year Yet From Marijuana Tax Revenue

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5 hours ago  · “November saw more than $149 million in sales, the second-highest month on record.” ... it’s estimated Illinois’ marijuana tax revenue will be about 27.1% of sales this year. …

dailyherald.com

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Mayor Brandon Johnson's Budget Hikes Will Hit Chicago Starting …

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14 hours ago  · The tax rate on valet services and parking garages will rise from the 20% to 22% range currently in place to a single citywide rate of 23.25%, a boost that is expected to bring in …

chicagotribune.com

FAQs about Illinois Rakes in More Than $1 Million in Tax Revenue From Super … Coupon?

Will Illinois implement a millionaire tax?

Illinois voters were giving state lawmakers the political OK to potentially implement the “millionaire tax,” with 60.3% voting yes and 39.7% voting “no.” The Associated Press estimated 90% of the votes had been tallied. This was just an advisory question which will not change any laws. ...

Why did Illinois voters vote on a tax reform referendum?

The non-binding referendum on the ballot asked voters whether they wanted to change Illinois’ income tax structure to a system that would allow for income to be taxed at varying rates by proposing an additional 3% income tax on those with incomes more than $1 million. ...

Should Illinoisans be worried about a 'fair tax'?

Illinoisans should approach this nonbinding question with extreme caution and skepticism. It is the same smoke and mirrors of the 2020 progressive tax — or “fair tax” — that residents soundly defeated when they realized it would hurt the local businesses they want to support. Policies such as this one harm businesses first. ...

How much did Cook County's tax bill increase in the past year?

Cook County Treasurer Maria Pappas said in a report that the county's median tax bill increased by more than 19% in the past year, with the biggest increases coming in 15 southern suburbs where taxes soared by 30% or more. "Many homeowners are going to be shocked and angry when they get their bills," Pappas said. ...

Are retirement benefits ruinous for Chicago's long-term fiscal health?

They can be ruinous for a city’s long-term fiscal health. At the heart of Chicago’s deficit are decades of increasingly generous retirement benefits offered by Chicago’s leaders to more than 30,000 public employees, a politically powerful constituency. ...

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