Saturday, June 26, 2010

Chicago sales tax still tops in U.S.

The Chicago Sun-Times reports:
Even with the half-penny sales tax rollback set to kick in across Cook County this week, Chicago will still have the distinction -- shared with Los Angeles -- of having the highest sales tax rate of any large U.S. city at 9.75 percent.

While the rollback may help retail sales in the short-term with residents, Chicago will have a tough time escaping the No. 1 national stigma, even if it eventually falls out of the top spot. And that could hurt travel and convention business, experts say.
Someone has to pay for those generous pensions.