Taxes

Governor's Race
11:47 am
Mon July 14, 2014

Republican Bruce Rauner Defends His Personal Tax Bill

Bruce Rauner

Originally published on Mon July 14, 2014 9:52 am

Bruce Rauner -- the Republican nominee for Illinois governor -- says he followed the letter of the law when filing his taxes.  But he won't say whether it was fair.

Rauner, a businessman, has said his wealth puts him in the top .01%.

Even so, a Chicago Tribune analysis showed that in several recent years, he paid no Social Security or Medicare taxes.

Rauner has released limited parts of his tax returns.

It's believed he took advantage of I-R-S rules to legally cut his tax burden.

Rauner defended that ...

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Revenue
11:43 am
Thu July 10, 2014

Illinois Ends Fiscal Year In The Black...Temporarily

Originally published on Thu July 10, 2014 5:18 am

The state took in over a billion dollars more in taxes than the prior year, thanks to an uptick in sales tax money.  Personal income tax revenue also rose , but the amount coming from corporate income taxes dropped. It's something Jim Muschinske, a budget forecaster for the state, said was predicted.

"That was not unexpected. In fact, we actually did better this fiscal year than what was initially assumed back when the budget was passed," Muschinske said.

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Cell Phone Tax
1:05 pm
Tue May 6, 2014

County Officials Push For Increase In Cell Tax For 911 Call Centers

Originally published on Tue May 6, 2014 5:06 am

911 call centers are struggling to maintain services as more people ditch their landline phones for cell phones. That’s because wireless phone lines in Illinois are often taxed at a lower rate than landlines. 

If you look at your cell phone bill, you’ll see that every line is charged $0.73 to support 911 emergency services. Ralph Caldwell, who’s the director of Champaign County’s call center, says the chunk of that tax the center receives isn’t high enough.

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Bill Knight – April 3
11:20 am
Wed April 2, 2014

Tax Dollars Supporting Corporations

Bill Knight

Dissatisfaction in the area with the Federal Emergency Management Agency (FEMA) continues as the income-tax deadline approaches.

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Bill Knight on Taxes
11:20 am
Wed January 11, 2012

Bill Knight - January 12

Occupy Peoria protestors were starting to assemble on Main Street one Saturday in October, when I was reading a magazine, eating an omelet and drinking coffee at a nearby café. A dad at an adjacent table looked out the window at the dozens of demonstrators, turned to his daughter, and said, “What are they complaining about? Half of the country pays no taxes at all!”

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