Chicagoans are the most-taxed residents of any major city in Illinois and pay the 10th-highest property taxes compared to taxpayers in other large U.S. cities.
Since 2010, Illinois has lost on net 2.6 percent of its taxpayers and dependents, along with billions of dollars of taxable income, dwarfing the rates of out-migration of other Midwestern and neighboring states.
Although Illinois’ top earners make more than most of their regional counterparts, Illinois’ bottom quarter of earners have the lowest wages in the Midwest
Recent federal jobs data show that white-collar professionals are more numerous and earn more money in Illinois than in Indiana, but that Indiana, a Right-to-Work state, has more and better-paying jobs for blue-collar workers than does Illinois, which has forced unionization.
The Education Freedom Tax Credit, also known as the Federal Scholarship Tax Credit, will give Illinois students access to donor money if the state opts into the program.