There has been a lot of press lately about the price of casinos doing business in Illinois. If you don't believe that taxes hurt business, you should definitely read this article!
Under their current tax system in Illinois, businesses making over $25M pay 27.5% in taxes just to the state. As their profits increase to $100M, they pay 50%. And above $250M, they pay 70%.
The end result is that the state becomes uncompetetive to other states. Those tax rates are just too high. The next highest state is Indiana, which tops out at 35%; half of Illinois. If you were a multi-million dollar business, you'd definitely think twice about growing operations in Illinois!
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