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Happy Tax Freedom Day!

Happy Tax Freedom Day!

Starting today, you’re working for yourself.

This is Tax Freedom Day for Illinois, according to the Tax Foundation – the day upon which your tax burden is paid off.  For the rest of the year, you’re working to fulfill other obligations.

Republican U.S. Senate candidate Jim Oberweis wishes the day were sooner. “I wouldn’t go for Jan. 3, but something in March would be refreshing for a change,” he said.

Oberweis says taxes thwart economic development.  “If we want to improve the economic environment, we ought to be looking at exactly the opposite – that is, can we cut taxes?  Where can we reduce those costs so that businesses want to come here?” he said.

Tax Freedom Day in Illinois is a week behind the national average. Illinois is the 43rd state to reach Tax Freedom Day.  One reason is that Illinoisans have relatively high incomes.

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Quinn Appoints Former Budget Director as Comptroller

FILE - In this March 6, 2013 file photo, Illinois Comptroller Judy Baar Topinka gestures on the House floor at the state Capitol in Springfield, Ill. Topinka, who won a second term in November 2014, died early Wednesday morning, Dec. 10, 2014, less than 24 hours after having a stroke, according to her office. She was 70. Topinka previously served three terms as Illinois state treasurer, was a former Illinois GOP chairwoman and ran for governor in 2006.

Illinois Gov. Pat Quinn is scheduled to announce the successor to late Comptroller Judy Baar Topinka at a Friday event in Chicago.

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