Illinois is a great example of why people are running from blue states

[Geee]

American Thinker

The Illinois Constitution requires a balanced budget, yet Illinois has run up hundreds of billions in actual debt and unfunded pension and health liabilities. The reason federal, state, and local entities have so much debt and unfunded liabilities is that they essentially borrow to balance their budget. They also cater to unions to promise unsustainable benefits. The taxpayers are their least concern.

Fiscal watchdog Truth in Accounting crunched the numbers for Illinois and gave the state an F grade in its latest Financial State of the States report. The report showed Illinois had just over $36 billion in assets available to pay bills totaling more than $272 billion, leaving the state needing $236 billion in additional assets to pay its bills. (source)

Kiplinger determined that Illinois is the least tax friendly state of all, yet the greedy politicians want more. They talk about the need for people to pay their fair share yet there is never a concern that they only take the government’s fair share. 

Kiplinger report finds Illinois’ sales, income and property taxes on middle-income families rank among the highest in the nation, making prospective residents think twice about moving to the state. 

Illinois is the “least tax friendly” state for middle-class families in the U.S., according to a new Kiplinger report.

The annual state-by-state tax analysis found a middle-income couple with two children in Illinois pays some of the highest taxes on income, sales and property in the nation, earning the Land of Lincoln the lowest rank of any state.

The analysis determined Illinois’ 4.95% flat state income tax rate is tied for ninth-highest levied against middle-class taxpayers in the country. Illinoisans pay the seventh-highest combined state and local tax rate at an average 8.83%.

Kiplinger notes that burden on the middle class grows substantially when you consider Illinois residents already pay the second-highest property taxes in the nation.

Nearly half of Illinoisans have thought about leaving the state, citing high taxes as their No. 1 reason. Kiplinger said it could also be making prospective residents think twice about moving to Illinois

We will probably hear that Illinois will have a serious ethics bill. People must be very naïve to believe these politicians give a damn about ethics after Illinois has been a state for over 200 years.