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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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But porch walrus Pritzker says we are gaining population. I think he's confusing population with his waistline.
1 posted on 06/30/2024 9:48:40 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

87,000 wage earners out. 100,000 illegals in. See, the state is gaining population!!


2 posted on 06/30/2024 9:50:18 AM PDT by Opinionated Blowhard (When the people find that they can vote themselves money, that will herald the end of the republic.)
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To: ChicagoConservative27

New IRS agents moving to DC?


3 posted on 06/30/2024 9:50:42 AM PDT by pgyanke (Republicans get in trouble when not living up to their principles. Democrats... when they do.)
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To: ChicagoConservative27

We moved out from downtown Chicago 13 years ago when they raised the state income tax 66% OVERNIGHT!!! FLED TO FLORIDA AND RETIRED!


4 posted on 06/30/2024 9:51:00 AM PDT by Ann Archy (Abortion....... The HUMAN Sacrifice to the god of Convenience.)
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To: ChicagoConservative27

Off to destroy another part of the country.


5 posted on 06/30/2024 9:52:23 AM PDT by Theoria
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To: ChicagoConservative27

I’ll bet as long as the Pritzker family maintains its wealth that’s all they really care about: “The Pritzker family is an American family engaged in entrepreneurship and philanthropy, and one of the wealthiest families in the United States.”


6 posted on 06/30/2024 9:53:17 AM PDT by antidemoncrat
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To: ChicagoConservative27

This is why communist build walls around their nations, to keep people in (not out).

Democrat policies are a failure for the people and I only wonder if it is because the Democrats are incompetent or if this is on purpose.

There is no nation in the history of the world that have taxed themselves into wealth (but many politician have managed to become millionaires while holding office).


7 posted on 06/30/2024 9:53:57 AM PDT by CIB-173RDABN (I am not an expert in anything, and my opinion is just that, an opinion. I may be wrong.)
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To: ChicagoConservative27

Illinois has “lost” far more income from people who would never want to move there in the first place.


8 posted on 06/30/2024 9:55:07 AM PDT by mikey_hates_everything
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To: ChicagoConservative27

It won’t be long before those thousands of illegals start contributing to the economy. Then no one will miss the white folks who moved away.


9 posted on 06/30/2024 9:55:30 AM PDT by ComputerGuy (Heavily-medicated for your protection)
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To: Ann Archy

This happens on a smaller level within states.

For example Memphis just voted to raise taxes partially to fund new “youth” programs.

This tells you why north Mississippi has been one of the fastest growing areas in the nation for the past several decades.


10 posted on 06/30/2024 9:57:27 AM PDT by packagingguy
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To: ChicagoConservative27

We retired and moved out of Illinois in 2020. We loved downstate Illinois, which is predominantly conservative, but the state government is controlled by leftists from Chicago. We are now across the river in red state Missouri, and we love it. Our property taxes alone are 1/3 of what they were in Illinois.


11 posted on 06/30/2024 9:58:20 AM PDT by Restless
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To: ChicagoConservative27

Looks like it is time for another tax increase.


12 posted on 06/30/2024 9:59:16 AM PDT by yuleeyahoo (“Pay no attention to the man behind the curtain!” - the deep-state)
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To: ChicagoConservative27

100,000 moved in and only 87,000 moved out. can’t the revenue be made up by all the people moving in? oh...sorry. my bad.


13 posted on 06/30/2024 9:59:41 AM PDT by Qwapisking ("IF the Second goes first the First goes second" L.Star )
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To: Theoria

From what I observe here in the belly of the beast, the ones moving out appear to be mostly conservatives..by far. Chicago democrat scum tend to stay in place thankfully,


14 posted on 06/30/2024 10:02:00 AM PDT by Bonemaker (invictus maneo)
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To: ComputerGuy

The illegals will like it because it’s better than the absolute crapholes they left.


15 posted on 06/30/2024 10:03:04 AM PDT by PLMerite ("They say that we were Cold Warriors. Yes, and a bloody good show, too." - Robert Conquest )
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To: ChicagoConservative27

Ok, so “gaining people” doesn’t mean the state didn’t lose 10 billion from certain people moving out of state.


16 posted on 06/30/2024 10:04:01 AM PDT by Secret Agent Man (Gone Galt; not averse to Going Bronson.)
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To: Bonemaker
Migration always destroys. The places that they end up get more people and more problems. The south continuously gets invaded by retirees and people up north, that's a very good way to destroy culture.

That has been the nature of America, migrate and change the place you end up, for good or bad that's the plan. Culture and history wiped away isn't a pleasant thing to see, its the last of the mohicans in many areas. That's not even counting the costs of legal and illegal migration to America.

17 posted on 06/30/2024 10:06:07 AM PDT by Theoria
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To: ChicagoConservative27

Replace em with “Dreamer” Fed Benefit recipients, pack em like cattle into Fed Funded schools, Feed em with Fed Funded food stamps, bare bones Fed Funded Medicaid.

Pack em in Fed Funded housing, with Fed Funded Utilities.

And take 50% off the top of everything for Union Leaders, DEI Goobermint and Education hires.

The plan is clear and easy.
Just take it all.
Who’s gonna do anything about it?


18 posted on 06/30/2024 10:06:16 AM PDT by Macoozie (Roll MAGA, roll!)
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To: ChicagoConservative27

https://www.nber.org/papers/w8942

...James Michael Curley, a four-time mayor of Boston, used wasteful redistribution to his poor Irish constituents and incendiary rhetoric to encourage richer citizens to emigrate from Boston, thereby shaping the electorate in his favor.

Boston as a consequence stagnated, but Curley kept winning elections.

We present a model of the Curley effect, in which inefficient redistributive policies are sought not by interest groups protecting their rents, but by incumbent politicians trying to shape the electorate through emigration of their opponents or reinforcement of class identities...


19 posted on 06/30/2024 10:10:58 AM PDT by jjotto ( Blessed are You LORD, who crushes enemies and subdues the wicked.)
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To: ChicagoConservative27

Illegal aliens hardly ever rent a truck to move to ill. They arrive under the radar.


20 posted on 06/30/2024 10:11:40 AM PDT by DeplorablePaul
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