Tax Appeal

People are going where it's cheaper:

"For the second year in a row, South Carolina saw the greatest population growth attributable to net inbound domestic migration (1.26%)," the Tax Foundation data showed. The Palmetto State was followed by Idaho (0.83%), Delaware (0.79%), and North Carolina (0.76%). It used to be that people's most significant reason for moving was the climate. The "Sun Belt" migration in the post-World War II era changed the face of American politics and culture. Climate is still a big attraction, especially for an aging population. But as companies relocated to red states, workers naturally followed. "Americans are continuing to leave high-tax, high-cost-of-living states in favor of lower-tax, lower-cost alternatives. Of the 26 states whose overall state and local tax burdens per capita were below the national average in 2022 (the most recent year of data available), 18 experienced net inbound interstate migration in FY 2024," Loughead wrote. "Meanwhile, of the 25 states and DC with tax burdens per capita at or above the national average, 17 of those jurisdictions experienced net outbound domestic migration," she added.

The great tax exodus continues...