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Chicago: Home of the USA’s Highest Sales Tax

Illinois Policy Institute 15 July 2015 No Comment

Buying local just got a lot less appealing for Chicagoans.

The city reclaimed the highest sales-tax rate in the nation on July 15, when the Cook County Board, which oversees Illinois’ largest city, voted to raise its portion of the sales tax, bringing Chicago’s combined rate to 10.25 percent from 9.25 percent.

Chicago is now right back where it was in 2008, when the county raised its rate to 1.75 percent from 0.75 percent (the same leap as the 2015 increase).

sweethome

Former Cook County Board President Todd Stroger hiked the sales-tax rate in 2008, and lost his re-election bid to current Board President Toni Preckwinkle in 2010. Back then, Preckwinkle benefited from momentum against Stroger’s unpopular tax hike, which she ultimately peeled back. But her quick about-face shows Chicago politicians increase and decrease the sales-tax rate as it’s convenient.

Read more at the Illinois Policy Institute

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