Illinois personal income growth 2nd lowest in U.S. since Great Recession

By Bryce Hill
01/09/2020
Only Mississippi has fared worse than Illinois in personal income growth since the Great Recession hit at the end of 2007. Analysis shows state income taxes matter.

TAGS: corporate income tax, flat tax, graduated income tax, Great Recession, ILGA: Illinois General Assembly, Illinois, income, income growth, income tax, JB Pritzker, labor, marginal tax, personal income, population, progressive income tax, recession, Springfield, tax burden

With voters set to decide on progressive income tax, Illinois wealth flight among worst in the nation

By Orphe Divounguy, Bryce Hill
01/07/2020
New data shows Illinois since 2010 lost up to $32 billion in income from people moving out. Gov. J.B. Pritzker’s graduated income tax plan would hike rates on residents most likely to leave the state, on net.

TAGS: graduated income tax, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, income, IRS: Internal Revenue Service, JB Pritzker, outmigration, population, progressive income tax, spending cap, Springfield, tax rates, U.S. Census Bureau