Illinois just saw a $1.76 billion drop in state income tax collections, proving what a new study just showed: state tax policies give it the nation’s eighth-most volatile revenues. That also makes Illinois very vulnerable when a recession hits.

Low-tax states attract the majority of movers, while high-tax states push them away. Illinois takes nearly 13% of all money made in the state as taxes, and lost 141,656 residents in 2022.

Here's what the progressive tax looked like nearly five years ago when state lawmakers were pushing a plan to tax Illinoisans $3.6 billion more, starting with those making $17,300.