Inside Track
More Taxpayers Fleeing Illinois Than Any Other State
Thanks to the mass exodus of citizens from the Land of Lincoln, Illinois has dropped from the fifth most-populous state in the union to sixth, Breitbart reported May 22. This is largely because the state is taxing them out of their homes.
Over the last two years, more than 70,000 people have left Illinois for more tax-friendly climes such as Texas, Florida, and even South Dakota and Wyoming. In fact, Chicago is the only city in the United States that has consistently lost citizens over the last five years. The so-called “U-Haul index” rates Illinois as number one for outbound moving vans.
They are no doubt getting out while the getting is good. Many of the state’s 656 public pension plans are so far under water that the state passed a law allowing something called an “intercept,” which allows pension boards to raid a delinquent municipality’s state income tax funds. The municipalities of Harvey and North Chicago have already suffered the indignity, and the pain, of having funds siphoned off to make those delinquent pension-plan contributions.
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