CA, NY, and Illinois Have Lost Billions in Tax Obligation Earnings Since 2020


Florida and Texas have actually found them.

October 2019 (Image: Igor Krivokon

The Blue State Exodus Accelerates, created the Wall Road Journal’s Editorial Board on April 28, 2023 “New IRS information for 2021 shows citizens taking off Illinois, to name a few.”

“Illinois Gov. J.B. Pritzker shrugged in 2015 after numerous high-profile companies left his state,” began the WSJ Content Board, pricing quote one of Gov. Pritzker’s lines on the topic: “Many business are selecting Illinois as their home.”

“Then why does a new Irs report show an accelerating taxpayer exodus from Illinois and other high-tax states?” the WSJ Content Board responded to

“The internal revenue service information shows an internet 105, 000 individuals left Illinois in 2021, taking with them some $ 10 9 billion in AGI,” kept in mind the Wall surface Road Journal. “That’s up from $ 8 5 billion in 2020 and $ 6 billion in 2019 New york city’s revenue loss increased to $ 24 5 billion in 2021, greater than three-way what it performed in 2019”

“By comparison, the most affordable tax obligation states included some $ 100 billion of income throughout the pandemic,” the WSJ continued. “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 complete shown up from New york city, $ 3 9 billion from Illinois, $ 3 7 billion from New Jersey and …

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