Of the 150,272,157 tax returns filed for the 2016 tax year, 50,219,667—or 33.4 percent–were classified by the Internal Revenue Service as “nontaxable returns,” meaning the people who filed them paid $0 or less in income taxes, according to data published by the Statistics of Income Division of the IRS.
At the same time, 80 percent of all income taxes paid that year were paid by tax return filers who had adjusted gross incomes of $100,000 or more.
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By James P. Economos, DDS, Opinion Contributor There’s been constant debate over Illinois' pension system – and for good reason. It remains chronically underfunded and plagued with issues...
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By Illinois ReviewAt a Tuesday morning press conference at Chicago City Hall, Mayor Brandon Johnson — whose approval rating hovers around six percent — reiterated that local law...
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By Illinois ReviewIn a shocking cost-cutting move Tuesday, Chicago’s AM560 The Answer terminated longtime morning host Amy Jacobson, as the struggling conservative station grapples with declining relevance –...
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By Illinois ReviewIn one of the first nationwide hypothetical polls for the 2028 Democratic presidential primary, Illinois Governor and billionaire JB Pritzker ranks at the bottom, receiving the...
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Illinois is missing out on Trump’s U.S. manufacturing boom. While other states welcome new factories, Pritzker’s tax hikes and regulations keep businesses out—and force longtime employers to leave.
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