November was a sad reminder of the corruption at various levels of Illinois government from retired House Speaker Denny Hastert to the small Village of Bellwood.
IRS data show the average income of taxpayers leaving Illinois surpassed the average income of taxpayers entering the state by $20,000 in 2014, a record loss for Illinois in the wake of the 2011 income-tax hike.
Illinois’ 2011 income-tax hike caused out-migration that cost the state high-earning taxpayers. New IRS data show taxpayers who left had an average income of $77,000 per year, compared with taxpayers who entered Illinois, who had an average income of $57,000 per year.
The divergence between professional and blue-collar work continued in September, and a shrinking workforce coincided with steady seasonal out-migration.