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East Central Reporter

Monday, November 25, 2024

IRS report shows significant taxpayer exodus from Illinois

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State Representative Chris Miller (il) | Representative Chris Miller (R) 101st District

State Representative Chris Miller (il) | Representative Chris Miller (R) 101st District

A recent report from the Internal Revenue Service highlights a significant population loss for Illinois, revealing that the state continues to lose taxpayers and substantial amounts of income. The IRS data, which tracks taxpayer filings and income by state, indicates that Illinois experienced a net loss of 87,000 residents. While 175,000 individuals moved into Illinois from other states, 262,000 left the state.

This exodus ranks Illinois third in the nation for resident losses, trailing only California and New York. The data underscores concerns about the state's shrinking tax base and ongoing financial challenges.

State Representative Chris Miller (R-Hindsboro) expressed alarm over Governor Pritzker’s budget proposal, describing it as "the largest budget proposal in Illinois history" and criticizing it for being laden with tax increases. Miller stated, "The quality of life for Illinois residents continues to get worse under the tyranny of taxation through Democrat policies."

For further details on this story, refer to Mark Glennon's article in the Daily Journal.

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