Major blue states hemorrhaging tax base as red states reap rewards

[libertybele]

Major blue states hemorrhaging tax base as red states reap rewards

Illinois, New York and California have been hemorrhaging high-earning residents who have packed their bags for states such as Texas, Florida, Arizona and North Carolina in recent years, according to newly released IRS data.

Major blue states have been losing a large amount of adjusted gross income (AGI) as it moved across state lines, according to IRS statistics from 2021 noted by the Wall Street Journal.

The data, which is released every spring, showed that Illinois lost a net 105,000 people in 2021, which cost the state approximately $10.9 billion in AGI, which was a marked increase from $8.5 billion in 2020 and $6 billion in 2019.

New York similarly lost $24.5 billion in 2021, which spiked from $19.5 billion in 2020 and just $9 billion in 2019...........

.................The AGI in Florida, which has no state income tax, swelled to $39.2 billion in 2021, an increase from $23.7 billion in 2020 and $17.7 billion in 2019.....................

https://www.foxbusiness.com/economy/major-blue-states-hemorrhaging-adjusted-gross-income-residents-flee-irs-data-shows

[Smokin Joe]

My only concern is that despite moving for monetary reasons, a large number of these people will vote for the same sort of candidates and policies that made life Hell where they were.