Illinois reported the largest outmigration of residents of any state during 2021, marking the 8th consecutive year of population decline in Illinois. Chicago similarly saw more residents move away than any metropolitan area in the nation.
The Amazon tax is estimated to bring in more than $200 million in additional annual tax revenue to the state, an amount that is likely to grow. This provides a perfect opportunity to repeal Illinois’ death tax to offset the new revenue growth.
The stunning data underscore an important point as power shifts to Governor-elect Bruce Rauner: Illinois cannot raise taxes on a population that is shrinking due to massive numbers of people leaving.