Friday, November 6, 2009

Study shows suburban Cook businesses take hit over sales tax

This articles shows reduced sales taxes especially in portions of  Cook County with very high sales tax--10+ %.

Sales declined 14.4 percent in suburban Cook County for the second quarter of the year compared with the same period last year. By contrast, Lake County saw a 13.3 percent decline and DuPage a 12.7 percent decline

The study suggested it was no coincidence that the three collar counties that noticed the least decline - Kane at 12 percent, McHenry at 10.5 and Will at 9.7 - were also the three with the lowest average sales taxes.

sales were off a whopping 34.3 percent in the Cook County portion of Barrington Hills, which straddles several county lines, 17.8 percent in Elk Grove Village, 17.3 percent in Schaumburg and 16.4 percent in Hoffman Estates

Daily Herald | Study shows suburban Cook businesses take hit over sales tax

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