Kim Kamin on Illinois Estate Tax and the Future of Chicago’s Entrepreneurial Economy

"Illinois' $4 million estate tax threshold is an outlier that gives wealthy families real pause about remaining here, particularly now that the federal exemption stands at $15 million. Connecticut recognized this competitive reality and matched the federal level; Illinois should do the same. The cost of inaction is not theoretical."

Our Partner & Chief Wealth Strategist Kim Kamin highlights Chicago's history as home to some of America's most impactful innovators and entrepreneurs, and makes the case that it's time for elected leaders to foster a pro-growth tax and regulatory environment to ensure Illinois remains an attractive and competitive place for the next generation of founders, investors, and philanthropists.

Read the full Citywealth story here.