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South Central Reporter

Thursday, October 31, 2024

Panama taxpayers give $520 in Municipal Sales Tax in January

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Panama taxpayers paid $520 in Municipal Sales Tax in January, according to Illinois tax records.

This is a decrease from the month before when $937 was collected.

Taxpayers in Panama have paid $6,930 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 Panama in last 12 months
MonthAmount Collected% Change from Previous Month
January$520-44.5
December 2021$9376.1
November 2021$88369.8
October 2021$520-7.3
September 2021$56136.5
August 2021$4113.8
July 2021$396-14.8
June 2021$465-44.4
May 2021$83743.3
April 2021$58483.1
March 2021$319-35.8
February 2021$4975.3

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