Don’t count on progressive tax to save Illinois — my Crain’s article – Quicktake

It's simple division. Divide the dollar size of our problems by the number of high earners. The numbers are preposterous.
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Bob Out of here
5 years ago

There’s nothing stopping JB from making a check out right now to the State of IL and giving them every last dollar he has in the bank. (Maybe even give them title his second house, although they may not want one that doesn’t have toilets in it.) They’d cash it as soon as it came in the mail, and then what? The state would only be 301 billion in the red instead of 306 billion since he’s worth about 5.

MattJ
5 years ago

Do you know the total annual income earned by the taxpayers with income over $150,000? The numbers expressed as a percentage of that would be more informative; $453,000 to someone earning $150,000 is different than to someone earning $2 million.

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A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign

“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”

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