THE DEMOCRAT RUN CITY OF CHICAGO AND ITS COUNTY OF COOK’S CHICKEN HAS COME TO FINALLY ROOST ITS COCKA DOODLE DOO THIS EARLY MORNING WITH ITS OUT OF CONTROL SOCIALIST SPENDING WITH PAYMENT TO GET FROM THE PEOPLE EVEN MORE WITH OUT OF CONTROL TAXES HAVE FORCED THE PEOPLE TO FLEE THE CITY LIMITS FOR GREENER PASTURE OF THE SURROUNDING SUBURBS WHERE TAXES AND BUDGETS ARE STILL WITHIN REACH OF THE COMMON PEOPLE–THE COMMON SENSE FOR ANY SMALL BUSINESS TO GROW IS LESS TAX BURDEN–YET THESE LIBERALS HAVE NEVER LEARNED THE CONCEPT–SINCE THEIR MINDSET IS TO TAKE AND TAKE AND TAKE AND TAKE AND TAKE UNTIL THERE’S NOTHING MORE TO TAKE, THE AGENDA IS TO NEVER GIVE BACK NOR SACRIFICE

Chicago Mayor Rahm Emanuel created a new tax earlier this month that taxes Internet cloud services such as Netflix. The mayor has also warned that increased property taxes are on the way to bail out both the city and the Chicago Public Schools.

Chicago Teachers’ Union leader Karen Lewis wants a commuter tax and a financial transaction tax to keep funding the city’s inefficiencies.

Here’s the catch: Taxpayers with the means and flexibility to leave Cook County can avoid the ever-growing tax burden by simply picking up and moving, which is what many have done for 20 years.

According to Internal Revenue Service data, from 1992 to 2011 Cook County suffered a net loss of 370,000 taxpayers to its collar counties and Lake County, Indiana. Those taxpayers took over $18.3 billion in taxable income with them when they left, creating an ever-growing hole in Cook County and Chicago’s budgets.

A review of the data shows the top six counties to which residents of Cook County have fled. It also reveals how much money those residents took with them:

1. DuPage County won a net of 104,904 taxpayers who took more than $4.6 billion in taxable income with them.
2. Will County won a net of 84,170 taxpayers who took $4.4 billion in taxable income with them.
3. Lake County, Illinois, won a net of 67,906 taxpayers who took $4.1 billion in taxable income with them.
4. Kane County won a net of 41,364 taxpayers who took $2.2 billion in taxable income with them.
5. McHenry County won a net of 35,200 taxpayers who took $1.7 billion in taxable income with them.
6. Lake County, Indiana, won a net of 35,296 taxpayers who took $1.3 billion in taxable income with them.

And within Cook County, Chicago households are the worst off.

Not only are Chicagoans on the hook for the sales-tax hike, but they’re also on the hook for a mountain of debt and several nearly bankrupt pension plans, including those of the city, its sister governments and Cook County.

http://www.illinoispolicy.org/growing-tax-burden-will-push-people-out-of-cook-county-and-chicago/