Illinois is so hard up for revenues it is considering selling ad space on license plates.
And I Thought California Was in Bad Shape
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12 responses to “And I Thought California Was in Bad Shape”
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The economic illiterates in the state legislature and governor’s mansion have been surprised to learn that, once they’ve granted all of the
bribesincentives needed to keep major businesses from folding their tents and silently slipping away, the increase in the corporate income tax won’t bring in nearly as much revenue as they’d estimated. The next surprise on deck is when high earning individuals move out of Illinois to avoid the additional personal income tax. -
The next surprise on deck is when high earning individuals move out of Illinois to avoid the additional personal income tax.
I don’t know…seems a high earning individual would be better equipped to handle some additional income tax. They might not like it too much, but how many will actually move?
“Some” would be my most generous answer.
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I would think that it was obvious that “some” is enough to reduce projected revenues.
Related: number of ex-pats grows.
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I’m afraid Illinois is not that original. Here is a Texas licnese plate that advertises the Freebirds World Burrito.
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The next surprise on deck is when high earning individuals move out of Illinois to avoid the additional personal income tax.
Yeah, like all the rich people that were going to leave New York? Oh wait, that didn’t happen.
Related: number of ex-pats grows.
How is that related? Were those ex-pats among the so-called “super-rich?” Were they moving from Illinois? There’s no reason to think that is related to this discussion at all.
