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 ...
I only have one complaint, too many Californians moving here.
Don’t come to Wyoming. We have enough idiots.
I can vouch that the fellow in question is not an idiot. His presence will also increase the average # of guns per household.
All that socialist Democrat legislation he keeps rubber stamping is turning Illinois VERY "red".
Couldn’t Illinois just build a wall around the state to prevent escape? Like Germany at one time.
Montana. Alaska. Idaho. Wyoming. North dakota.
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.
One of them words covers the whole gamut....
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