Vladimir Solomianyi | Unsplash
By Jim Talamonti | The Center Square
Outmigration has taken a major toll on the Illinois economy, according to a new report by Unleash Prosperity.
Using data from the Internal Revenue Service and the U.S. Census Bureau, analysts found that Illinois lost 881,012 residents from 2012 to 2022.
Economist Stephen Moore said only New York and California suffered more domestic outmigration than the Land of Lincoln.
“This is the sad story, same thing. New York and California and Illinois are just being bled to death,” Moore said.
VoteWithYourFeet.net breaks down the Census Bureau and IRS numbers from 2012 to 2022.
The data shows that Illinois was also one of the biggest losers for personal income, with a net adjusted gross income loss of $63,478,115,000 from 2012 to 2022. Only New York and California suffered heavier losses.
“Some of our friends on the left and some of our Democratic friends like to say, ‘Well, taxes don’t matter that much. They don’t really have an impact.’ You’re looking at the impact of taxes right here,” Moore said.
Read more here.
Leave a Reply