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Saturday, November 23, 2024

$2,967 in Municipal Sales Tax collected in May for Rankin

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Rankin taxpayers paid $2,967 in Municipal Sales Tax in May, according to Illinois tax records.

This is an increase over the month before when $2,693 was collected.

Taxpayers in Rankin have paid $31,759 in Municipal Sales Tax in the last 12 months.

The Municipal Sales Tax is collected for municipal governments' use.

Illinois is the highest taxed state in the US.

A 2021 study from Wallet Hub found Illinois taxes are 38.95 percent higher than the national average.

Illinois governor J. B. Pritzker is accused of adding more than $5.2 billion in new or higher taxes since coming into power in early 2019. As a business owner, he has a fortune of more than $3 billion, largely based on his family's wealth and connections.

Municipal Sales Tax collected in Rankin in last 12 months
MonthAmount Collected% Change from Previous Month
May$2,96710.2
April$2,69328.7
March$2,093-13
February$2,407-15.2
January$2,8385.5
December 2021$2,68913
November 2021$2,379-6.8
October 2021$2,553-19.8
September 2021$3,18224.6
August 2021$2,553-10.5
July 2021$2,85411.9
June 2021$2,5510.2

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