IRS: Illinois lost $6 billion to outmigration in 2023 – Illinois Policy

While people of all income levels left Illinois in 2023, the heaviest loss was among those making more than $100,000 a year. They made up 60 percent of the state’s net migration losses. The economic impact of those departures is even greater: Filers making more than $100,000 took more than $5.5 billion with them — 90 percent of the state’s income loss.
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Da Judge
1 day ago

Big Blue States like Taxistan are in a Death Spiral.

Glad I voted with my feet over 20 years ago.

My bank account is $200,000 larger because of my smart financial decision.

Plus I don’t have to listen to Guv Pigchop and Mayor BJ yapping away about nonsense!!

Leaving Soon, just not soon enough
2 days ago

Besides the income they took, they took their family and the youth are the new long-term taxpayers who will never come back to Illinois.

Fed Up Taxpayer
2 days ago

So double whammy – Illinois lost almost $6B in taxes/spending and probably at least that much on “inward migration” of everyone who wanted freebies.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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