(Chicago Breaking News) — It’s another dubious honor for Chicago.
Just as Illinois touts its first sales-tax holiday, a new report highlights Chicago as having among the highest retail sales tax rates of the nation’s largest cities. At 9.75 percent once county, mass transit and city taxes are added to the statewide 6.25 percent sales tax, Chicago’s tax rate is equal to that of Los Angeles.
In its annual survey, information services company CCH Inc. said consumer taxes for retail items, gas and cigarettes continued to climb in many states.
The company found that five states — California, Kentucky, Minnesota, Nebraska and North Dakota — raised their tax on gasoline and another five — Arizona, Kansas, Massachusetts, New Mexico and North Carolina — boosted their sales tax.
