Illinois residents may soon feel the squeeze of higher taxes. Already a high tax state, Illinois gas taxes may go up as well.
Recently, the state government in Illinois passed a multi-billion dollar tax increase. Whether it becomes enacted is another story. However, Illinois is still a high tax state and recent plans to increase gas taxes may come to fruition.
Illinois has seen a mass exodus of its citizens in recent years. Millennials in particular are fleeing to avoid the rising cost of living. Now Illinois is one of a dozen states pondering gas tax increases.
How Much Is Too Much?
The recent efforts by Illinois to raise taxes have drawn sharp criticism from its citizens. John Tillman, CEO of the Illinois Policy Institute weighed in harshly on the plan to hike Illinois gas taxes.
“The Illinois General Assembly will be back in session next week. And guess what? They’re already talking about raising your taxes again. This time, they’re discussing increasing gas taxes. Lawmakers haven’t released specific numbers yet, but talks have ranged anywhere from an additional $0.05 to $0.30 a gallon.”
Cost of Living On the Rise
Illinois is becoming increasingly difficult to live in. For residents interested in exploring more tax-friendly states, there’s an app for that!
City vs City is a powerful cost of living calculator. Our patent-pending technology will assess your current cost of living and compare it with a state of your choosing. We examine multiple factors including income, savings, expenses, and yes; taxes.
Use City vs City to see how your cost of living stacks up in another city. We compare by zip code and include all major state and local taxes. If you’re considering moving from Illinois or any other state; don’t be without City vs City by your side!