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Chicago Tax up Another 1% as of Tuesday

In summary, the Chicago Tax is increasing in order to generate more revenue for the city and help fund various projects and services. The increase will go into effect on a specific date and will be 1%, bringing the total tax rate to a specific percentage. The increase may result in higher prices for goods and services, and may also impact small businesses. At this time, the increase is not permanent and may be extended or repealed by the city council in the future.
kaseydee
kaseydee
Gold Member
1,112
I just read on drudge.com that Chicago sales tax went up 1% today to 10.25% which makes them have the highest tax rate of all large cities.:yuck:
 
Holy moly!
 
Yep, we knew it was coming. This was discussed here months ago.
 

Related to Chicago Tax up Another 1% as of Tuesday

1. Why is the Chicago Tax increasing?

The Chicago Tax is increasing in order to generate more revenue for the city and help fund various projects and services.

2. When will the Chicago Tax increase go into effect?

The Chicago Tax increase will go into effect on Tuesday, [specific date].

3. How much will the Chicago Tax increase by?

The Chicago Tax will increase by 1%, bringing the total tax rate to [specific percentage].

4. How will the Chicago Tax increase affect businesses?

The Chicago Tax increase may result in higher prices for goods and services, as businesses may pass on the added cost to consumers. It may also impact small businesses, as they may struggle to absorb the added tax expenses.

5. Is the Chicago Tax increase permanent?

At this time, the Chicago Tax increase is not permanent. The city council may vote to extend or repeal the tax increase in the future.

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