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Illinois residents still fleeing state in record numbers
American Thinker ^ | December 13,2017 | Rick Moran

Posted on 12/13/2017 1:51:48 PM PST by Hojczyk

Wall Street Journal:

The Prairie State lost a record $4.75 billion in adjusted gross income to other states in the 2015 tax year, according to recently IRS data released. That's up from $3.4 billion in the prior year. Many of the migrants were retirees who often flock to balmier climes. But millennials accounted for more than a third of the net outflow in tax returns.

While Florida with zero income tax was the top destination for Illinois expatriates, the Illinois Policy Institute notes that Illinois lost income and people on net to all of its neighbors – Wisconsin (6,000 people based on claimed exemptions), Indiana (8,200), Iowa (1,900), Missouri (2,000) and Kentucky (1,100). What's the matter with Illinois?

Two words: taxes and corruption:

[S]uffice to say that exorbitant property and business taxes have retarded economic growth. Illinois's corporate tax rate is 9.5%, and pass-through business owners pay 6.45%. Though Illinois's flat 4.95% income tax rate is relatively low compared to its neighbors, Democrats have found other ways to clobber their citizens.

Property taxes in Cook County and Chicago's "collar" counties are the highest in the country outside of California and the Northeast. The average homeowner who moves from Lake County, Illinois, across the border to Kenosha County, Wisconsin would receive an annual $3,200 annual property tax cut. Taxes may increase as Democrats scrounge for cash to pay for pensions. Fitch Ratings reported this week that Illinois's unfunded pension liabilities equalled 22.8% of residents' personal income last year, compared to a median of 3.1% across all states and 1% in Florida.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Crime/Corruption; Government
KEYWORDS:
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To: Hojczyk
I moved to my current, bright Red State about 3 years ago from my native Cali.

I only have one complaint, too many Californians moving here.

21 posted on 12/13/2017 3:05:44 PM PST by Seaplaner (Never give in. Never give in. Never...except for convictions of honour and good sense. W. Churchill)
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To: Dr. Sivana

Don’t come to Wyoming. We have enough idiots.


22 posted on 12/13/2017 3:24:35 PM PST by Dan(9698)
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To: Dan(9698)

I can vouch that the fellow in question is not an idiot. His presence will also increase the average # of guns per household.


23 posted on 12/13/2017 3:30:32 PM PST by Dr. Sivana (There is no salvation in politics.)
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To: Hojczyk; fieldmarshaldj; Impy; PhilCollins; BlackElk; chicagolady
On the plus side, those who repeat the mainstream media's terminology will be pleased to know that they correctly predicted that "Bruce Rauner will make Illinois into a RED state".

All that socialist Democrat legislation he keeps rubber stamping is turning Illinois VERY "red".



24 posted on 12/13/2017 4:07:42 PM PST by BillyBoy (States rights is NOT a suicide pact.)
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To: Hojczyk

Couldn’t Illinois just build a wall around the state to prevent escape? Like Germany at one time.


25 posted on 12/13/2017 4:21:17 PM PST by Mark (Celebrities... is there anything they do not know? -Homer Simpson)
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To: Hojczyk

Montana. Alaska. Idaho. Wyoming. North dakota.


26 posted on 12/13/2017 5:17:16 PM PST by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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To: Hojczyk
Move to SW Florida in 2001..now this place is being ruined.. Any suggestions

There is nowhere to run.

Our only hope is to recapture the education system from the Leftist.

The Leftist are corrupting our children. The education system is in reality an indoctrination system.

Within a generation this country will be totally socialist. We act now or we will have gone down without a fight.

27 posted on 12/13/2017 8:05:12 PM PST by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.L)
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To: existentially_kuffer
Three words: taxes and corruption & democrats

One of them words covers the whole gamut....

28 posted on 12/14/2017 3:28:04 AM PST by trebb (Where in the the hell has my country gone?)
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