Illinois, New York and California continued their streak as the nation’s biggest losers of residents and their wealth to other states, according to a Wirepoints analysis of newly-released Internal Revenue Service migration data.
Texas and Florida continued to be the nation’s big winners.
The latest IRS state-by-state migration data is based on tax returns filed in 2020 and 2021, covering taxpayers (tax filers and their dependents) who moved from one state to another between 2019 and 2020 (see appendix for changes in our reporting methodology).
Florida, the nation’s perennial winner, gained in 2020 the most net people, 256,000, and the most net Adjusted Gross Income (AGI), $39 billion. Texas followed with a gain of 175,000 people and $10.9 billion in AGI.
In contrast, states like California, New York and Illinois once again experienced some of the nation’s biggest losses. California lost more people than any other state, with more than 332,000 net movers taking $29 billion to other states.
Wirepoints’ accompanying Illinois analysis includes a long-term look at out-migration from the state.
The IRS migration report provides hard, indisputable data on the movement of Americans between states. The agency reviews tax returns annually to track when and where tax filers and their dependents move. It also aggregates the ages, income brackets and adjusted gross incomes of filers.
Winners and losers
The Sunshine State attracted over $57.9 billion in Adjusted Gross Income (AGI) from 699,000 new residents (tax filers and their dependents) that moved into Florida in 2020. On the flip side, Florida lost $18.7 billion in AGI from 443,000 people who left. On a net basis, Florida came out ahead with 256,000 net new people and $39.2 billion in net new taxable income.
That was a total gain of 3.1 percent of the state’s total AGI ($711 billion).
Texas was the runner up with an AGI income gain of $10.9 billion, followed by Nevada with $4.6 billion. North Carolina and Arizona rounded out the top five with net gains of $4.5 billion and $4.4 billion, respectively. (See Appendix for top 10 winners of people.)
Woke in California Go Broke !!!!
BAN the IRS ( KGB of America ) !!!!!!
Do away with ALL taxes & Make the Govt make their OWN money like we do !!!!
Keep amnesty in mind….Presidents (blue and red) have used it in the past and since there is no way to deport – assimilation will be the only method. No line, nada. A wave of Joey’s wand and it shall be done.
HA.
As the socialist democrats like to say………….”Spread the wealth”………………well, that’s what is happening, Texas and Florida and other southern border states are sharing their abundance of illegals with Chicago, New York, California and other states and cities to share the wealth with you.