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Find a City, Find Yourself a City to Live In

The IRS each spring publishes data on the movement of adjusted gross income (AGI) and taxpayers across state lines from year to year, showing New York, Illinois, and California losing taxpayers and income at an increasing clip. The IRS data shows a net 105,000 people left Illinois in 2021, taking with them some $10.9 billion in AGI. That’s up from $8.5 billion in 2020 and $6 billion in 2019. New York’s income loss increased to $24.5 billion in 2021 from $19.5 billion in 2020 and $9 billion in 2019. California lost $29.1 billion in 2021, more than triple what it did in 2019. Surveys suggest higher taxes, underfunded pension obligations, plus increased violence, and lowering standards of living are driving this continued population loss, beyond the losses triggered by remote work brought about by COVID.
By contrast, the lowest tax states added some $100 billion of income during the pandemic. Zero-income-tax Florida gained $39.2 billion—up from $23.7 billion in 2020 and $17.7 billion in 2019. About $9.8 billion of the total arrived from New York, $3.9 billion from Illinois, $3.7 billion from New Jersey and $3.5 billion from California.

Texas was another winner, attracting a net $10.9 billion in 2021, which follows a gain of $6.3 billion in 2020 and $4 billion in 2019. Californians represented more than half of Texas’s income gain in 2021. The Golden State also sent $4.4 billion to Nevada, $2.7 billion to Arizona and $2 billion to Washington. Nevada and Washington don’t tax wages, and Arizona is phasing out its income tax.

Illinois lost income to all of its neighboring states, but the biggest beneficiaries of its taxpayer flight were Florida, Texas, Indiana, and Wisconsin.

Tools:
Maxon Cinema 4D
Nomad Sculpt
Adobe Photoshop
Adobe Illustrator

Description

Find a City, Find Yourself a City to Live In

The IRS each spring publishes data on the movement of adjusted gross income (AGI) and taxpayers across state lines from year to year, showing New York, Illinois, and California losing taxpayers and income at an increasing clip. The IRS data shows a net 105,000 people left Illinois in 2021, taking with them some $10.9 billion in AGI. That’s up from $8.5 billion in 2020 and $6 billion in 2019. New York’s income loss increased to $24.5 billion in 2021 from $19.5 billion in 2020 and $9 billion in 2019. California lost $29.1 billion in 2021, more than triple what it did in 2019. Surveys suggest higher taxes, underfunded pension obligations, plus increased violence, and lowering standards of living are driving this continued population loss, beyond the losses triggered by remote work brought about by COVID.
By contrast, the lowest tax states added some $100 billion of income during the pandemic. Zero-income-tax Florida gained $39.2 billion—up from $23.7 billion in 2020 and $17.7 billion in 2019. About $9.8 billion of the total arrived from New York, $3.9 billion from Illinois, $3.7 billion from New Jersey and $3.5 billion from California.

Texas was another winner, attracting a net $10.9 billion in 2021, which follows a gain of $6.3 billion in 2020 and $4 billion in 2019. Californians represented more than half of Texas’s income gain in 2021. The Golden State also sent $4.4 billion to Nevada, $2.7 billion to Arizona and $2 billion to Washington. Nevada and Washington don’t tax wages, and Arizona is phasing out its income tax.

Illinois lost income to all of its neighboring states, but the biggest beneficiaries of its taxpayer flight were Florida, Texas, Indiana, and Wisconsin.

Tools:
Maxon Cinema 4D
Nomad Sculpt
Adobe Photoshop
Adobe Illustrator