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How Money Walks: State Income Tax and Capital Mobility in the USA

IRS Tax Migration
For many years now the IRS has been tracking the migration of Americans and their income across state and county lines. Every year they produce a detailed report on the tax migration of Americans, showing the amount of people and income that moved.

How Money Walks maps this great migration of American income and raises important questions about American tax policy and how it profoundly affects growth and development in our country:

  • Why did so much wealth walk? Did people vote with their feet?
  • Did money walk because the opportunity to keep more personal income talked?
  • How does taxing personal income affect economic growth?
  • Which states "won" which states "lost" and why?

These questions are explored in How Money Walks through unimpeachable IRS data mapped by state and metropolitan area. And the answers suggest a simple correlation: the key to accumulating working wealth for any state is a pro-growth tax policy, and that means not taxing personal income.

More at How Money Walks.com

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The liberals have tried and tried to get an income tax in...

...Washington State.

But so far we've held them off - but by smaller and smaller margins.

I fear it's inevitable one day but then I'll leave the state.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Could be a lot more hiding of

Could be a lot more hiding of income in the states that heavily tax it. Hence the 107 billion loss instead of the 146 billion gain. Desperate tax payers do desperate things. People without tax fears are free to use their not taxes income as they wish. May pay more city or county or stare sales taxes, but that is another thing entirely.

YES! My money walked. I voted with my feet and the hell

out of the people's republic of California.
I pray that Texas doesn't go the way of California.
California is so restrictive and intrusive. Just traveling through they demand to search your car.

Neat picture.

Neat picture.

Bump.

Good info.

What would the Founders do?

Interesting

Thanks for sharing!