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  2. Regional Transportation Authority (Illinois) - Wikipedia

    en.wikipedia.org/wiki/Regional_Transportation...

    The RTA sales tax was increased to 1.25% in Cook County, and 0.75% in the collar counties (from 1% and 0.25%, respectively), but one-third of the sales tax collected in the collar counties (i.e. 0.25%) is distributed directly to the counties [39] and the county boards may use that money for transportation or public safety purposes. [40]

  3. Are You Being Misled By Your Tax Bracket? - AOL

    www.aol.com/news/2012-01-27-are-you-being-misled...

    If your gross income is $50,000 and your taxable income is $40,000, this handy tax-rate calculator shows that your effective tax rate is just 12.25% -- even though you're in the 25% tax bracket.

  4. 2024 Tax Brackets and Income Rates: Find Out Where You ... - AOL

    www.aol.com/2024-tax-brackets-income-rates...

    In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.

  5. List of countries by tax rates - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by_tax_rates

    The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...

  6. Illinois Fair Tax - Wikipedia

    en.wikipedia.org/wiki/Illinois_Fair_Tax

    The state government would then be allowed to change income tax rates through the normal legislative process. [34] [35] The Illinois legislature proposed a new set of income tax rates in Senate Bill 687, which was enacted shortly after the constitutional amendment was approved to be placed on the ballot. This legislation would take effect on ...

  7. What’s the Difference Between Effective Tax Rate and ... - AOL

    www.aol.com/difference-between-effective-tax...

    Next, use an effective tax rate calculator to divide your tax liability by your total income. For example, if you end up owing $4,800 in taxes on a total income of $60,000, your effective tax rate ...

  8. Vehicle miles traveled tax - Wikipedia

    en.wikipedia.org/wiki/Vehicle_miles_traveled_tax

    A 2017 study in the Journal of Public Economics found that "a VMT tax designed to increase highway spending $55 billion per year increases annual welfare by $10.5 billion or nearly 20% more than a gasoline tax does because: (1) the differentiated VMT tax is better than the gasoline tax at targeting its tax to and affecting the behavior of those ...

  9. Chicagoland Metra service comes with a sales tax, but ...

    www.aol.com/lifestyle/chicagoland-metra-comes...

    Chicagoland communities pay a sales tax to subsidize public transportation. Rockford will not. The reason has to do with the type of service planned. ... In Chicago, people pay a 1.25% sales tax ...

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