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Saturday, September 5, 2015

Exodus: Blue state residents fleeing high taxes for low tax red states

The Americans for Tax Reform have dug up some information via the US Census that puts in stark relief the differences between red states and blue states.
In 2013 alone, hundreds of thousands of blue state residents fled their high tax homes for lower tax havens in red states.
In 2013, more than 200,000 people on net fled states with Democrat governors for ones run by Republicans, according to an analysis of newly released IRS databy Americans for Tax Reform. 
"People move away from high tax states to low tax states. Every tax refugee is sending a powerful message to politicians," said ATR President Grover Norquist. "They are voting with their feet. Leaders in Texas and Florida are listening. New York and California are not."
That year, Democrat-run states lost a net 226,763 taxpayers, bringing with them nearly $15.7 billion in adjusted gross income (AGI). That same year, states with Republican governors gained nearly 220,000 new taxpayers, who brought more than $14.1 billion in AGI with them.
Only one-third of states with Democrat governors gained taxpayers, compared to three-fifths of states with Republican governors.  
Top 5 loser states for Democrat governors in 2013:
·      New York (114,929 people with $5.7 billion in AGI)
·      Illinois (68,943 people with $3.8 billion in AGI)
·      California (47,458 people with 3.8 billion in AGI)
·      Connecticut (14,453 people with $1.8 billion in AGI)
·      Massachusetts (11,915 people with $1 billion in AGI)
Top 5 winner states for Republican governors in 2013:

·      Texas (152,912 people with $6 billion in AGI)
·      Florida (74,094 people with 8.3 billion in AGI)
·      South Carolina (29,176 people with 1.6 billion in AGI)
·      North Carolina (26,207 people with $1.5 billion in AGI)
·      Arizona (16,549 people with $1.5 billion in AGI)
This doesn't include the loss of businesses and jobs that have fled states like Illinois and New York for more business friendly climes. Overall, the losses for blue states in tax revenue must be in the billions of dollars. This, at a time of shrinking budgets and ballooning budget deficits.
As Editor Lifson reported the other day,  Rahm Emanuel just proposed a $500 million property tax increase for the city of Chicago, which will add about $400 to the tax bill of the average Chicagoan. The city has been bleeding population for 3 decades, and this move should only accelerate that trend. And California Governor Jerry Brown just proposed his own massive tax increase, including a whopping 11 cent a gallon increase in the tax on diesel fuel.
With policies like this, is it any wonder taxpayers in blue states are crying "uncle" and heading for the hills?



Read more: http://www.americanthinker.com/blog/2015/09/exodus_blue_state_residents_fleeing_high_taxes_for_low_tax_red_states.html#ixzz3kurnymCk
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