Americans continue to vote with their feet towards low-tax states
In a time when many middle class people exist on the margin between middle class and not, cutting the tax bill only makes sense. People in places like California and Illinois can see the writing on the wall, and it is in big, red block letters. “GET OUT WHILE YOU CAN.”
(From The Hill)
For more than a decade, our work in Rich States, Poor States has revealed that states with lower taxes, especially those that avoid personal income taxes, have seen significantly better rates of in-migration than states with high income tax rates.
For example, the two biggest winners from the 2019 population estimates are Texas, which gained 367,215 new residents on net, and Florida, which gained 233,420.