Due to a combination of city, county, regional, state, and federal policies, just about every tax and fee I pay is going up next year. My initial math suggests my Federal taxes will remain almost exactly the same, thanks to the increased individual exemption that covers my itemized deductions only because I'm renting out the flats I own. But my state taxes went up in July by 67%, my property taxes (on those flats) are going up, and even my gas bill is going up.
The Tribune explains how I'm not alone:
[T]he average property tax increase for the owner of a $250,000 home will be an estimated $97. Owners of a home worth $500,000 can expect a $369 tax hike. That’s because the larger homeowners’ exemption shifts the burden of paying property taxes to higher-priced homes and commercial properties.
- Other tax and fee hikes start sooner. The CTA fare increase of 25 cents per bus and “L” ride goes into effect Jan. 7, raising the price of those rides to $2.25 and $2.50, respectively. For people commuting to and from work 50 weeks a year, that’s $125 more out of their pockets. The cost of a 30-day pass will go up by $5, to $105. Those increases will help fill a hole left by state public transportation funding cuts, CTA officials have said.
- In February, Metra is boosting fares for one-way tickets by 25 cents. The cost of 10-ride tickets is going up by $4.25, to $7.75. Monthly passes will increase by $9 to $12.50, depending on the length of the trip. The price of $8 weekend passes will rise to $10.
- Taking an Uber or Lyft in Chicago will cost more too. The start of the year brings a 15-cent increase to the 52 cents already charged for ride-sharing trips. The Emanuel administration expects to collect $16 million for CTA projects.
- Also taking effect with the new year are higher fees charged to every cell and landline phone billed to a city address. Those fees are going up by $1.10 a month, to $5. The cost to a family with three phone lines is an extra $39.60 a year. The money will be used for emergency services costs and technology upgrades, freeing up about $30 million in general city funds for the city to spend as it sees fit.
Also going up: the city entertainment tax, city vehicle licenses, park and forest-preserve district taxes...the list goes on. It costs a lot to run a city the size of Chicago, and the Federal government under the Republican party is hosing us good. Subsidizing Mississippi and Alabama annoys me, especially when the people I'm subsidizing revere other people who tried to leave the United States so they could preserve human slavery.
A lot of people feel the way I do. My vote won't do much, because I live in a bright-blue state with Democratic representation in both the House and Senate; but in Ohio, Michigan, and Pennsylvania—states that went to Trump by the narrowest of margins—other people are going to be pissed off. The next election is in 313 days. Let's see how it goes.