A comment under this article from two weeks ago:
One problem here, Evert.
To effectively compare “tax rates” between states, you need to also include unfunded pension liabilities, state and local debt because they will eventually need to pay those off with tax increases.
If Illinois was current and be debt free with that tax rate, it would be OK.
Eventually taxpayers in Illinois (only about half of wage earners actually pay income tax there in Illinois)
One of the reasons that taxpayers are leaving is that they’re smart enough to know that corrupt Illinois government will not change its ways and the government patronage, entitlement, and crony capitalist community that runs Illinois will put the full burden on the few remaining taxpayers and businesses.
That’s why I left Illinois two years ago for Arizona and why I’ve been selling all my Illinois real estate before the fiscal monsoon hits….