ISIS earns $1 million a day from taxation and extortion

An ISIS flag near Kobani

A new report from the nonprofit RAND Corporation shows that ISIS' finances are still incredibly strong, despite U.S.-led airstrikes aimed at cutting off the group's revenue.

ISIS collected over $1.2 billion in 2014, RAND's report shows. The breakdown is even more interesting: $600 million of it came from extortion and taxation, $500 million from robbing banks, and only $100 million from oil infrastructure.

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For more on the group's finances, check out the RAND Corporation report over at the Times.

Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.