Reports

The Millionaire Migration Myth: Why a Fair, Graduated Rate Income Tax Won’t Drive Away Millionaires

Release: March 28, 2014

Drawing on reports released by Stanford University and the Center on Budget and Policy Priorities, this Issue Brief debunks the myth that if Illinois increased income tax rates on higher incomes there would be a mass exodus of millionaire households out of the state and points out the importance of moving to a fair tax.