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IRS: Illinois loses $10 billion in income from 87,000 people moving out
The center square ^ | 06/29/2024 | By Greg Bishop | The Center Square

Posted on 06/30/2024 9:48:40 AM PDT by ChicagoConservative27

The Center Square) – More than 87,000 people moved out of Illinois taking with them nearly $10 billion in income, according to the latest Internal Revenue Service data. For the last six years, the total lost adjusted gross income is more than $47.5 billion.

For nearly a decade, annual population estimates from the U.S. Census show Illinois losing population. For well over a year, Gov. J.B. Pritzker has denied the state’s population decline, saying the Census is getting it wrong. In May, he doubled down.

“You should take what I’m saying as truth that actually when we count people, it turns out we’re gaining,” Pritzker said.

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


TOPICS: Business/Economy; Culture/Society; News/Current Events; US: Illinois; Your Opinion/Questions
KEYWORDS: billion; illinois; income; loses
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To: Opinionated Blowhard

87,000 High Wage Earners were “replaced” by 100,000 illegal alien Negative Wage Earners.

Gotta hammer home the Great Replacement Theory, and also the negative wage Earners aspect, because not only do the illegals bring violence, drug, property, and sex crimes, their families drain the social services programs, because illegals do not make wages.


41 posted on 06/30/2024 11:16:52 AM PDT by pacificus
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To: Restless

I hear tell the gasoline tax is going up another 2 cents per gallon. We cross from Missouri into Illinois when we visit my wife’s sister in Edwardsville. They live in a very nice area along Route 157, and it got me to thinking that if Edwardsville was not in Illinois, it could be booming like St. Charles county in Missouri.


42 posted on 06/30/2024 11:17:32 AM PDT by rwa265
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To: ChicagoConservative27

The obvious answer is to raise taxes in the state to make up for it.

/s


43 posted on 06/30/2024 11:39:48 AM PDT by FrankRizzo890
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To: ChicagoConservative27

$115,000 per person. Must be White, Asian and/or Indian people.


44 posted on 06/30/2024 11:42:49 AM PDT by montag813
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To: ChicagoConservative27

Well, to be honest, they most likely gained 87,000 illegal migrants, costing them much more than $10 billion to support.


45 posted on 06/30/2024 11:45:26 AM PDT by NEMDF
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To: ChicagoConservative27

They’ll be fine. They just have to raise taxes.


46 posted on 06/30/2024 11:48:02 AM PDT by lurk (u)
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To: ChicagoConservative27

Is that state income statistics, or income to the state? It comes out to $114,942.53 each.


47 posted on 06/30/2024 11:52:17 AM PDT by JimRed (TERM LIMITS, NOW! Finish the damned WALL! TRUTH is the new HATE SPEECH! )
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To: traderrob6
That’s not what the article stated..... “the total lost adjusted gross income” not what paid in taxes.

Correct. Which does not include downstream effects, incidentally. I'll bet the total economic loss to IL is at least double.

48 posted on 06/30/2024 11:56:05 AM PDT by Paul R. (Bin Laden wanted Obama killed so the incompetent VP, Biden, would become President!)
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To: ChicagoConservative27
For the last six years, the total lost adjusted gross income is more than $47.5 billion.

They will make it up with the illegals. Just increase their welfare payments to match the lost income!

49 posted on 06/30/2024 12:07:01 PM PDT by FatherofFive (we mutually pledge to each other our lives, our fortunes, and our sacred honor)
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To: ChicagoConservative27

Probably are gaining population The problem is it’s welfare mooches and illegals


50 posted on 06/30/2024 12:07:30 PM PDT by cableguymn
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To: ChicagoConservative27

I’d like to see a listing of this for all states.


51 posted on 06/30/2024 12:10:06 PM PDT by GizzyGirl
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To: blackdog

$114,990 is the average income, not their tax payments.


52 posted on 06/30/2024 12:25:27 PM PDT by Steven Scharf
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To: yuleeyahoo

Or more federal taxpayer money.

How do the other 49 feel about that...


53 posted on 06/30/2024 12:25:52 PM PDT by mewzilla (Never give up; never surrender!)
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To: ChicagoConservative27
Meanwhile, from last year...

New York loses $1 trillion in Wall Street business as firms flee the city: report

54 posted on 06/30/2024 12:26:57 PM PDT by mewzilla (Never give up; never surrender!)
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To: Reily
Senator Dirksen of Illinois warned that Chicago would come to dominate Springfield. He was right; due to Reynolds, Illinois is near bankruptcy and losing population as people flee high taxes, higher unemployment, and societal destruction.

If Your State is a Mess.

55 posted on 06/30/2024 1:00:36 PM PDT by Jacquerie (ArticleVBlog.com)
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To: ChicagoConservative27

I run into people from Illinois looking to buy property here and move away from Illinois almost every other day. It’s almost becoming more likely to see license plates from Illinois than from Missouri. I just hope they don’t bring their liberalism to Arkansas.


56 posted on 06/30/2024 1:07:59 PM PDT by vetvetdoug
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To: Bonemaker

California also invaded by millions of Mexicans, Central Americans and South Americans along with leftist voting Asians who replaced exiting country conservative Americans.


57 posted on 06/30/2024 1:21:12 PM PDT by WashingtonSource
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To: Restless
We loved downstate Illinois, which is predominantly conservative

Yes. There are lots of really nice natural areas in S. IL too. Nothing spectacular (although Garden of the Gods has a couple "iconic" views), and no big tourist draws (except for criss-crossing eclipse paths now "done" for a very long time), but plenty of nifty spot to go camping, angling, hunting, etc. Most are usually underused, so, ideal to "get away" / back to nature and have a spot to yourself. The taxes are really hideous, though, and IL doesn't have anything like CA's high tech industry or NY's financial industry. What wealth it does have is mostly being driven out. Like you. :-( Another example is my friend who owns a auto repair business near Chicago, and has done fairly well, but is retiring early and leaving before the state totally kills him with taxes.

58 posted on 06/30/2024 1:53:48 PM PDT by Paul R. (Bin Laden wanted Obama killed so the incompetent VP, Biden, would become President!)
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To: Restless
Edited for clarity:

We loved downstate Illinois, which is predominantly conservative

Yes. There are lots of really nice natural areas in S. IL too. Nothing spectacular (although Garden of the Gods has a couple "iconic" views), and no big tourist draws (except for criss-crossing eclipse paths now "done" for a very long time), but plenty of nifty places to go camping, angling, hunting, etc. With a few exceptions, most are usually underused, so, they are ideal to "get away" / back to nature and have a spot to yourself. The taxes are really hideous, though, and IL doesn't have anything like CA's high tech industry or NY's financial industry. What wealth it does have is mostly being gradually driven out. :-(

Like you.

Another example is my friend who owns a auto repair business near Chicago, and has done fairly well, but is retiring early and leaving before the state totally kills him with taxes.

59 posted on 06/30/2024 2:02:31 PM PDT by Paul R. (Bin Laden wanted Obama killed so the incompetent VP, Biden, would become President!)
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To: ChicagoConservative27

“More than 87,000 people moved out of Illinois taking with them nearly $10 billion in income”

Yeah, but those billionaire putzes only moved to a new state and then they just kept right on voting democrat in the new state - potentially causing it to be destroyed too.

People like this are worthless. They are the problem. They move to a new area and the problem just spreads like a cancer.


60 posted on 06/30/2024 3:08:29 PM PDT by ProgressingAmerica (The historians must be stopped. They're destroying everything.)
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