“I divided the country into the 25 highest-tax and 25 lowest-tax states by a measure of household taxes. In 2016, almost 600,000 people moved, on net, from the former to the latter,” writes Chris Edwards, director of tax policy studies at Cato in his study Tax Reform and Interstate Migration. “People are moving into low-tax New Hampshire and out of Massachusetts. Into low-tax South Dakota and out of its neighbors. Into low-tax Tennessee and out of Kentucky. And into low-tax Florida from New York, Connecticut, New Jersey, and just about every other high-tax state.”
Read more here.
Originally posted on Yoursurvivalguy.com.
Latest posts by E.J. Smith (see all)
- This is Why Vanguard is Too Big - September 18, 2019
- Your Retirement Life: To Everything There is a Season - September 17, 2019
- The Two Reasons Muni Bonds Don’t Belong in Your Portfolio - September 16, 2019