Cook County’s New Business Killers, a/k/a Taxes

Cook County Board President Toni Preckwinkle’s proposed budget calls for a 1.25 percent tax on businesses that buy “non-titled” items like office supplies, equipment, building materials and even artwork from outside the county’s borders.  … County businesses...

Rahm: Higher Cigarette & Amusement Taxes

Mayor Rahm Emanuel is considering an increase in city taxes on cigarettes and entertainment to help close an anticipated $369 million gap in next year’s budget, City Hall sources said Wednesday.  … It’s unclear how much the cigarette tax might be...

One Word for CPS Teachers: Save

Save. Save as much money as you can. Live well below your means. The pension time-bomb is coming. One of the most vexing problems for Chicago and its teachers went virtually unmentioned during the strike: The pension fund is about to hit a wall. The Chicago Teachers’...

Gotta Love American Ingenuity (& Tax Avoidance)

So I’m reading two stories (here and here) about a new law that will effectively outlaw Roll-Your-Own tobacco stores.  It’s something I kinda follow because I always thought it was a decent business model (until the government outlaws your business) and...