Illinois Lost $ 34.3 Billion in Gross Revenue in Eight Years Due to Domestic Migration
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Overall, the 17 states with no income tax or no income tax attracted 1.9 million net residents and $ 120 billion in AGI from those states with progressive income tax systems in the country. during that time, Wirepoints reported.
The accumulations of wealth by the 17 states (not including Kentucky, since it only became a flat tax state two years ago), are even more dramatic as progressive states exceed them by nearly two percent. one, depending on the analysis.
The study, however, recognized that income tax systems are not the only reason people move from state to state. Other reasons involve jobs, housing, weather and corruption, Wirepoints reported.
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Cumulative changes in gross income compared to migration trends
State Income tax type Cumulative net change in AGI due to national migration 2010-2018 (in billions) Total AGI in 2010 Gain / loss of AGI over 2010 RankFlorida Zero $ 95.0 467,520.3 $ 1 Caroline South .2% 4ArizonaProgressive $ 15.5 135.811.4% 5MontanaProgressive $ 2.4 $ 21.611.1% 6ColoradoFlat $ 11.2 $ 142.67.9% 7 North Carolina Flat $ 15.8 $ 207.87.8% 8Oregon Progressive $ 6.1 $ 6.1 88.57.0% 9WashingtonZero $ 11 , 8 $ 190.86.2% 10Tennessee $ 8.011 $ W136.1.0 $ 4% 12DelawareProgressif $ 1.2 $ 23.95.0% 13TexasZéro $ 30.7 $ 620.65.0% 14UtahFlat $ 2.7 $ 58.94.6% 15Maine $ Progressive $ 1.3 $ 30.04.2% 16Dakota du SudZero $ 0.6 $ 19.83.2 % 17New HampshireFlat $ 1.3 $ 41.43.1% 18Hawaii $ Progressive6% 01. $ 33.41.41 $ 4% 20AlabamaProgressive $ 0.8 $ 98.90.8% 21ArkansasProgressive- $ 0.2 $ 56.0-0.3% 22OklahomaProgressive- $ 0.6 $ 79.5-0.8% 23Krogentucky $ 86.7-1Progressive- $ 1.0 – $ 0.2 $ 15.7-1.3% 25IndianaFlat- $ 3.0 $ 143.2-2.1% 26 Progressive 135.4-2.2% 27MississippiProgressive – $ 1.2 53.3-2.2% 28 New Mexico Progressive -0.9 $ 41.4-2.2% 29 North Dakota Progressive -0.4 $ 18.6- 2.3% 30 California Progressive-$ 24.6 1,026.9 -2.4% 31 Wisconsin Progressive-$ 3.7 143.8 -2.6% 32 Louisiana Progressive-2.7% $ 33.98.2 $ 2.0 72.1- 2.8% 34MichiganFlat- $ 6.6 $ 227.6-2.9% 35PennsylvaniaFlat- $ 10.4 $ 339.7-3.1% 36Virginia- $ 7.8 $ 245.1-3.2% 37Minnesota- $ 4.9 $ 152, 4-3.2% 38 West Virginia- $ 1.2 35.6-3.4% 39Nebraska 4.09% – $ 1.7 $ 9.0 233.5-3.9% 41Rhode Island Progressive-1.2 $ 28.3-4, 2% 42OhioProgressive- $ 11.5 $ 267.0-4.3% 43KansasProgressive- $ 3.1 70.7-4.4% 44MarylandProgressive- $ 10.1 $ 189.3-5.3% 45New JerseyProgressive- $ 21.5 $ 308.5-7 , 0% 46ConnecticutProgressive- $ 12,347 $ 145.6 YorkProgressive- $ 54.1 $ 628.4-8.6% 48IllinoisFlat- $ 34.3 $ 362.3-9.5% 49AlaskaZero- $ 2.3 $ 21.5-10.9% 50
Source: Wirepoints.org
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