The top 18 percent of Illinois taxpayers cover more than 60 percent of the state’s income taxes, and the state’s millionaires pay 15 percent of Illinois’ income taxes.
In January several instances of corruption, influence peddling and mismanagement across Illinois were brought to light, from the College of DuPage’s expense-account mismanagement, to Chicago’s red-light-camera bribery case.
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.
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.
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.