157 Illinois Retire

There is scuttlebutt among various Illinois government officials, politicians, and liberals are looking to see what they perceive as an extra $2 billion possible tax pot. That tax pot is taxing retirement income.

While states like Iowa have eliminated progressive income taxes and tax on retirement income, Illinois and Chicago as usual can’t seem to collect enough money to pay their bills. Illinois had a record collection of $54 billion in fiscal 2025. Unfortunately they are raising and looking to raise more taxes in 2026.

This activity causes Illinois residents who already pay the highest property taxes in the country to have another reason to leave the state. Unfortunately this eliminates past investments in making their properties ready for retirement. If they are the first to leave they have the possibility of making money or breaking even. However if you hold out, your property can be devalued, taxed at a higher rate, and possibly have to walk away with a big nothing.

These political hacks led by Government Pritzker seem to have a total problem governing. From harboring illegal aliens to spending money they do not have. This has to stop. If it does not, only the most unable to escape the state or the people who think this is good and can’t shelter themselves with income and tax ideas will remain.

As of now, I am exiled in Iowa!