Internal Revenue Service

U-Haul moving rates shine a light on out-migration

By Michael Lucci
05/05/2014
Illinois has a domestic migration problem. The state is losing too many people. Illinois has lost more people to other states than it gained in every single year since 1985 . And in every year, the people who left earned more money than the people who entered. The Internal Revenue Service released new migration data...

Gallup: Half of Illinoisans would leave the state if they could

By Michael Lucci
04/30/2014
Gallup released a stunning poll that shows 50 percent of Illinoisans want to leave the state, the highest percentage of any state nationally. This comes a week after Illinois’ worst-in-the nation performance in a Gallup poll that showed one in four Illinoisans consider Illinois to be the worst possible place to live. If Illinois government...

Chicago’s collar counties should get their welcome mats ready

04/16/2014
Expect Mayor Rahm Emanuel’s call for property tax hikes to be a boon for Chicago’s collar counties and Lake County, Ind. Cook County residents have been fleeing to neighboring counties for decades, and Emanuel’s proposed hikes – to prop up city pensions – will only increase the outflow. According to IRS data, Cook County lost...

TAGS: Chicago, property taxes

Union dues are a $15 billion tax deduction

By Justin Hegy
04/15/2014
Union members are allowed to deduct their union dues on their taxes, equating to an estimated $15 billion nationwide. According to the Internal Revenue Service, workers are allowed to deduct union dues as part of their itemized deductions: “You can deduct dues and initiation fees you pay for union membership… You can also deduct assessments for...

Metropolitan area jobs crisis continues

By Michael Lucci
04/10/2014
Illinois’ 10 largest metropolitan areas continue to be plagued with joblessness, according to a release by the Bureau of Labor Statistics. This news comes on the heels of no monthly improvement in the state jobless rate, which at 8.7 percent is 2 points higher than the national average. Illinois has the second highest jobless rate...

A progressive income tax means fewer resources for businesses to invest, grow and create jobs

By Benjamin VanMetre, Erik Bauman
04/09/2014
A progressive income tax would hit Illinois’ businesses community hard. That’s because S corporations and most partnerships “pass-through” their income to the individual owners of those businesses, meaning their profits are taxed at the state’s personal income tax rate. That’s on top of the 1.5 percent replacement tax these businesses pay. State Sen. Don Harmon...

How you can help fight ObamaCare in Illinois

04/03/2014
Can you help us fight ObamaCare in Illinois? The Liberty Justice Center has a plan to bring a lawsuit challenging a major part of ObamaCare’s implementation in Illinois – but we need people in Illinois who are affected by ObamaCare to be our plaintiffs. Here’s what the lawsuit is about. The Affordable Care Act passed...

High-earners leaving Illinois in droves

By Michael Lucci
03/31/2014
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...

TAGS: outmigration