Yup.
The billionaires that leave a state simply seem to be saying that they do not want to contriute their fair share to the good of the state.

#6 | Posted by LampLighter at 2026-10-03 03:35 PM | Reply | Flag:

Ken Griffin's Personal Taxes: Paid over $1 billion in Illinois state income taxes in the decade prior to his departure, with estimates around $200 million annually in later years.
Employee/Company Contributions: Citadel employees and the firm itself funneled over $1 billion to Illinois in state taxes over the 10 years leading up to 2022.

"Illinois projects a $267 million deficit for fiscal year 2026, which is expected to widen significantly to over $2 billion in upcoming cycles due to shifting federal policies and declining corporate revenues."

Nose, face, spite.

What is this, the education thread? =P

Now it's just a loss. Not a theoretical tax cut, or tax breaks for R&D "we lost money!", a direct loss because a company decided Miami was the place to be and it's worth asking 2500 employees to relocate.

#16 | Posted by LampLighter at 2026-10-03 06:13 PM | Reply | Flag:

The unrealized gain tax. Good luck with that.

Their actual income gets taxed, corporate income gets taxed. If they use it on a loan that's not a gain, that's a debt obligation.

4.95% to the state and 37% to the fed of whatever income he has... or 100% of $0. Illinois chose the latter. Now they can raise taxes on the middle class to try and make it up.

Fed still gets their cut, they dgaf if a billionaire moves.

If you are unsympathetic to the middle and lower classes that are going to pick up the tab for wealth flight that is actively happening then I have doubts about your Americanism.

#25 | Posted by LampLighter at 2026-10-03 06:55 PM | Reply | Flag:

Nope. Not overlooking it. Upper tax bracket for 2025/26 is 37%. In 2027 it's still 37%. In 2028 it's 37%. OBBBA locked those in. The pre-2018 rate was 39.6%.

2.6% didn't cause trillions more in debt, Congressional spending priorities, signed and also pushed for by Trump, did.