11 months ago By Benjamin Yount | Illinois Watchdog
All money earned to that point goes towards taxes
Illinois workers have to get to the end of the day Monday before they can start working for themselves.
Travis Akin,executive director of Illinois Lawsuit Abuse Watch, says part of the blame is the state’s judicial hellhole.
“The hidden lawsuit tax,” Akin explained, is an estimate of the cost of what it costs taxpayers to litigate the thousands of cases that go through Illinois’ courts each year.
“The latest figure is $857 per person, per year,” he said.
Akin said taxpayers see their property tax bill each year, and they notice when more money is taken out of their paychecks. But taxpayers don’t see the true cost of the courts.
“These are the costs that are built into the price of goods and services,” Akin said. “When a company is sued, they don’t absorb those costs. Just like when we raise taxes on businesses, those costs are passed along.”
Akin said Illinois’ judicial hellholes — Madison County, St. Clair County and Cook County — do nothing to trim the cost of the judicial system.
Akin’s group has long pushed for tort reform and is critical of what it calls jackpot justice in Illinois and across the country.
Illinois taxpayers are the seventh to the last in the nation to reach Tax Freedom Day. New Jersey has the latest Tax Freedom Day, May 9.