US EditionCalifornia loses one taxpayer per minute, Florida gains
California lost $29 billion in taxpayer revenue by 2020 while Florida's tax gains rose from $17 billion to $39 billion, driven by migration and state policies.
- The National Taxpayers Union Foundation's analysis of IRS surveys found California lost $29 billion in 2020 while Florida's gains rose from $17 billion to $39 billion.
- State policies such as no income tax and pro-business rules are drawing residents, with remote-work trends and the COVID-19 public-health emergency accelerating moves, Andrew Wilford said.
- IRS migration rates show California loses a taxpayer every 1 minute and 44 seconds while Florida gains one every 2 minutes and 9 seconds; Massachusetts loses a resident every 11 minutes and 38 seconds.
- States losing residents have responded with tax cuts and zoning changes, and NTUF estimates Florida collects about $4 billion more per year from new arrivals, noting job creators and businesses benefit while California legislators ease zoning to retain residents.
- Andrew Wilford, director of the Interstate Commerce Initiative at the National Taxpayers Union Foundation, said he needs to review some state data for accuracy, noting Vermont and New Mexico show varied demographic and policy patterns.
14 Articles
14 Articles
Tick, Tick , Tick: Study Shows California is Losing a Taxpayer Every Minute
California is facing a perfect storm in finances, with a crippling deficit and a declining tax base. Now, a study of IRS data by the National Taxpayers Union Foundation found that California is losing a taxpayer roughly every minute, as states like Florida, Texas, and North Carolina attract new residents due to lower taxes and higher standards of living. In comparison, Florida gains a new taxpayer every 2 minutes and 9 seconds while Texas gains…
California loses one taxpayer per minute, Florida gains
(The Center Square) – Florida welcomes a new taxpayer about every two minutes while California loses one about every minute, according to new data. An analysis of data from the IRS conducted by the National Taxpayers Union Foundation found that Florida, Texas, and North Carolina gain new taxpayers faster than any other state in the country. Florida gains a new taxpayer every 2 minutes and 9 seconds; Texas gains one every 2 minutes and 53 seconds…
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