Newly released IRS data show Illinois lost on net over 81,000 taxpayers and their dependents, and $4.1 billion of annual taxable income to other states in 2013.
There is a silver lining should the Supreme Court rule against the ACA: Illinoisans would no longer be subject to an estimated $6.5 billion in IRS penalties.
Internal Revenue Service migration data for the 2010 tax year shows that Illinois continues to lose people to other states. Illinois had a net loss of 49,000 residents to other states, along with a net loss of $1.9 billion in personal income. Not only did Illinois lose more people than it gained, but the state also...
While the media and public are focused on the calamitous ObamaCare rollout and glitch-ridden health exchange websites, several court cases challenging the Affordable Care Act, or ACA, are working their way through the courts. Today, one of those cases could deal ObamaCare a severe legal blow. Judge Paul Friedman of the federal district court for...
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.