Illinois Comptroller Judy Baar Topinka said Monday the state is not prepared for a second economic recession.The tax watchdog group Civic Federation projected Illinois would end the 2012 fiscal year $8.3 billion in debt.
Today is Tax Day in the U.S., and to cope with the complicated tax code and to maximize deductions, Americans are increasingly relying on third-party vendors like Turbo Tax to fill out forms. That’s not necessary in places like the U.K. and Denmark, where the government fills out forms for you.
These have not been easy times for Illinois bean counters and those who depend on them. An already weakened state balance sheet, like the pocketbooks of its already stretched citizens, was hard-hit by the recession. Ever since, the state has been caught in a cycle of rising costs, unpaid
Chicago mayoral hopeful Carol Moseley Braun is continuing to avoid questions about her finances. The former U.S. Senator testily told reporters she's already said what she has to say about her personal finances."You've got the returns," she said.
Carol Moseley Braun is defending her tax returns. The candidate for Chicago mayor publicly released the first two pages of her federal income taxes from the previous two years Tuesday. The returns showed she lost more money than she took in and hadn't paid any federal taxes.