CHICAGO (CBS) ― Sales taxes in Chicago are now the highest in the nation, and business leaders are furious.
As CBS 2's Joanie Lum reports, a 1 percent sales tax increase is in effect Tuesday, hiking the sales tax in the city of Chicago to 10.25 percent. By comparison, the sales tax in Lake and Will counties is 7 percent, and in DuPage County, it's 7.25 percent.
A sales tax of 10.25 percent is also significantly higher than the sales tax in other major cities. The next highest rate in the country is in Memphis at 9.25 percent. New York, Los Angeles and Dallas all have a sales tax of under 8.3 percent, Phoenix has a tax of 6.3 percent, and Denver's sales tax is only 3.6 percent.
Tuesday, July 1, 2008
Cook County Tax Hike In Effect, Businesses Furious
Cook County Tax Hike In Effect, Businesses Furious Taxes In Chicago Now 10.25 Percent, Highest In Country
