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Old 10-27-2020, 04:04 PM
 
21,910 posts, read 9,483,127 times
Reputation: 19443

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Quote:
Originally Posted by pvande55 View Post
This Sunday Tribune asked eight typical people who moved from IL and only one mentioned taxes. The others were moving to take jobs, be closer to family or return to where they grew up. Not that the State should boost taxes, but there are other reasons to move out.
It's funny because 100% of the people I talk to say it's taxes.
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Old 10-27-2020, 04:32 PM
 
1,803 posts, read 933,711 times
Reputation: 1344
Quote:
Originally Posted by Grlzrl View Post
It's funny because 100% of the people I talk to say it's taxes.
Winters are a huuuge scouge today. If they move to Indiana? It probably is taxes. If the Sunbelt ..... can certianly be a combo of things. Still sick of REAL Midwest winters is Big.

What ever happened to retirement too? Few move North from the Sunbelt for retirement. Returning to a home-state is what I did looooog ago as in decades as Chicago housing I felt out of reach then. Living on the Northwest side and Norridge. Heck ..... homes there were many instances higher then homes there today. Especially Norridge then. My Great Aunt and Uncle in the early 80s sold their Norridge home for over $400,000 then to retire to Wisconsin Dells near his original hometown. ..... Then also taxes were cheaper then just over the border on the Chicago side. The Chicago side may be cheaper now?

IL taxes surely play a roll. No use doing as in the politics forum and saying it is ALL this politically. More today then a few years ago I would as just a outsider ....say yes. Just many think we as a debter Nation can cut our taxes back to no debt. Is any major city NOT raising some taxes today? At least some states have no income tax helping them.

Some seem to think IL SHOULD just fall off the map and little love and any prestige felt by some even having a World-Class city in its borders. They call NYC in dieing mode ...

*** Never commit to saying 100%.
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Old 10-28-2020, 06:37 AM
 
Location: broke leftist craphole Illizuela
10,326 posts, read 17,420,544 times
Reputation: 20337
Quote:
Originally Posted by Grlzrl View Post
It's funny because 100% of the people I talk to say it's taxes.
Which makes sense. The largest single place most people are moving to is Indiana, which has the same or worse weather than Illinois.
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Old 10-28-2020, 02:50 PM
 
Location: Illinois
3,208 posts, read 3,543,450 times
Reputation: 4256
Many of the older people that I know who have moved out-of-state have specifically mentioned Illinois taxes. Property taxes are unaffordable for a lot of retirees. They can get a much better value, return on investment, and arguably better quality of life in places like Arizona, Florida, Tennessee, and the Carolinas, among others.
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Old 10-28-2020, 07:35 PM
 
997 posts, read 849,612 times
Reputation: 826
Quote:
Originally Posted by Hiruko View Post
Many of the older people that I know who have moved out-of-state have specifically mentioned Illinois taxes. Property taxes are unaffordable for a lot of retirees. They can get a much better value, return on investment, and arguably better quality of life in places like Arizona, Florida, Tennessee, and the Carolinas, among others.
It’s better to live in Illinois as a retiree than a worker as far as taxes go.
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Old 10-28-2020, 08:28 PM
 
148 posts, read 121,909 times
Reputation: 399
Quote:
Originally Posted by Liledgy View Post
It’s better to live in Illinois as a retiree than a worker as far as taxes go.
For now.....
That talking point will be out the window within 2 years.
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Old 10-28-2020, 10:19 PM
 
Location: Brackenwood
9,974 posts, read 5,669,596 times
Reputation: 22123
Quote:
Originally Posted by Liledgy View Post
It’s better to live in Illinois as a retiree than a worker as far as taxes go.
That's not the relevant comparison for a retiree. The relevant comparison is whether it's better to live here as a retiree or live elsewhere as a retiree. The one upside Illinois has for retirees is retirement income is not taxed -- but that can and likely will change if the "Fair Tax" (LOL) is passed. However, if you're on a fixed income and you have the choice of paying $5,000 to $8,000 in property taxes on a basic 3br ranch or less than $2,000 elsewhere for an equivalent home on a fixed income, that's not a tough decision for many retirees.
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Old 10-29-2020, 06:47 AM
 
Location: broke leftist craphole Illizuela
10,326 posts, read 17,420,544 times
Reputation: 20337
Quote:
Originally Posted by Liledgy View Post
It’s better to live in Illinois as a retiree than a worker as far as taxes go.
If you are a retiree with perhaps a $40k income it better to pay 5% income taxes ($2k) than a $10k property tax bill. Or leave and go to FL, TN, NV and pay neither.
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Old 10-29-2020, 08:18 AM
 
Location: northwest valley, az
3,424 posts, read 2,916,165 times
Reputation: 4919
its not the income tax alone that sends people fleeing out of illinois; its the COMBINED burden of taxes/fees/tolls/parking/cable tax/internet tax/ you name it taxes/fees, that, when added up, are a big factor in what drives people out of the state

Oh, and the crooked, miserable politicians that continue to be re-elected to office doesnt make it desire-able to stay in Illinois either..
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Old 10-29-2020, 12:25 PM
 
997 posts, read 849,612 times
Reputation: 826
Quote:
Originally Posted by Bitey View Post
That's not the relevant comparison for a retiree. The relevant comparison is whether it's better to live here as a retiree or live elsewhere as a retiree. The one upside Illinois has for retirees is retirement income is not taxed -- but that can and likely will change if the "Fair Tax" (LOL) is passed. However, if you're on a fixed income and you have the choice of paying $5,000 to $8,000 in property taxes on a basic 3br ranch or less than $2,000 elsewhere for an equivalent home on a fixed income, that's not a tough decision for many retirees.
Taxing retiree income is far less likely to be taxed if the” fair tax” passes. As far as Paying 5k-8k property taxes vs having your retirement income taxed in other states, depends on what your income is. I know people on the north shore will gladly pay higher property taxes (far cheaper) vs a higher income tax.
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