High tax-state exodus: Kansas feels the impact
GUEST COLUMN, Michael Ryan, The Heartlander
Recent Internal Revenue Service (IRS) data underscore a significant trend: people and income continue moving from high-tax to low-tax states. The pandemic lockdowns accelerated this movement, and even as life returns to a semblance of normalcy, the exodus continues unabated as policies matter.
The IRS reports migration data between states reveal that in 2022, California topped the list of net losers in adjusted gross income (AGI), shedding $23.8 billion. Other high-tax, blue states, New York, Illinois, New Jersey, and Massachusetts, were the biggest losers, collectively losing billions in AGI. Conversely, low-tax, red states like Florida, Texas, South Carolina, Tennessee, and North Carolina emerged as the biggest net gainers, with Florida alone attracting $36 billion in AGI.