The annual migration report from Allied Van Lines and Zillow found this trend was reflected in the state’s largest city, Chicago, which reported the most outbound moves of any metropolitan area in the nation.
Article made very brief mention of tax burden but there’s more than that-it’s not as if half the population were to move then the preexisting obligations (pensions and all the bonds the state sold) would drop in half. It only means those that stay have twice the tax obligation they would.
debtsor
4 years ago
Natives leaving and being replaced by people who don’t used expensive moving services.
Ex Illini
4 years ago
This story won’t be changing anytime soon. King Pritzker is out of control and believes his own BS. If he wins another term the exodus from Illinois will accelerate. He will ultimately have no option but to begin taxing retirement income. Last one out turn out the lights.
When that happens the exodus will increase. Right now I believe, though I don’t have stats to uphold my belief, that younger crowd is leaving, not our seniors. One advantage for the older crowd is the exemption of retirement funds from state taxation, When that’s gone, what’s to keep them in Illinois? The climate?
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Article made very brief mention of tax burden but there’s more than that-it’s not as if half the population were to move then the preexisting obligations (pensions and all the bonds the state sold) would drop in half. It only means those that stay have twice the tax obligation they would.
Natives leaving and being replaced by people who don’t used expensive moving services.
This story won’t be changing anytime soon. King Pritzker is out of control and believes his own BS. If he wins another term the exodus from Illinois will accelerate. He will ultimately have no option but to begin taxing retirement income. Last one out turn out the lights.
When that happens the exodus will increase. Right now I believe, though I don’t have stats to uphold my belief, that younger crowd is leaving, not our seniors. One advantage for the older crowd is the exemption of retirement funds from state taxation, When that’s gone, what’s to keep them in Illinois? The climate?