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To: ConservativeMind
Illinois has virtually the highest property taxes in the country, a minimum 6.25% sales tax

Per a quick search, while Illinois is second (to New Jersey) on property taxes, Texas is only 5 states behind. And on sales taxes, Texas also has a base of 6.25% with a total of 8.25% in most locations. So there really isn't much difference in the sales and real estate taxes between Illinois and Texas, but the outcomes are quite different.

9 posted on 08/23/2020 6:19:52 AM PDT by PAR35
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To: PAR35

True, but Texas has no income tax.

So that is 5% of money earned a year less than Illinois. Also, Texas has total sales tax capped at 8.25% across the whole state—no exceptions.


10 posted on 08/23/2020 6:24:24 AM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: PAR35

Chicago has 10.25% total sales tax, and being 5 states down from Illinois for real estate taxes is an order of magnitude. Illinois is a ripoff and Texas is a bargain.


16 posted on 08/23/2020 8:45:02 AM PDT by Bonemaker (invictus maneo)
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