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.
Chicagoans know new revenues won’t be used to pay for better roads, classrooms or public safety – these tax hikes won’t even fix what’s ailing the city’s bottom line.
Three facts prove that sensible spending coupled with pro-growth reforms is the solution to the current crisis. 1. Illinois has a spending problem. Not a revenue problem. If Illinois spending had grown at the same rate as inflation and Illinois’ population, the state’s expenditures would have been $8 billion less than they were in 2014. Extending...
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...
A net of 1.25 million more people left Illinois than entered from 1985-2010, according to data from the Internal Revenue Service on the migration of Illinois taxpayers and their dependents. In every single recorded year, more people left Illinois than entered. Recent U.S. Census Bureau estimates, which go through 2012, show that the exodus has...