Monday, December 03, 2012

IRS: Cook County leaking income

Crain's Chicago Business reports:
Cook County is leaking income. According to the latest IRS migration data (2009) — which tracks tax returns of individual filers who moved from one year to the next — Cook lost $4.01 billion in taxable income to other counties while gaining $3.03 billion. Cook County generally draws a surplus from smaller Midwest metro areas, but it's losing income to large and midsized counties elsewhere.
Yet, Rahm Emanuel will tell you Chicago is the role model for the rest of America ! Facts are stubborn things.