Thursday, March 20, 2025

No Taxes Necessary

Tax free states are winning:
Between April 1, 2020, and June 30, 2023, high-tax states lost net 2.8 million residents to low-tax states. That’s more people than could be seated in all 30 NFL stadiums and 29 NBA arenas combined. Zero-income tax Florida and Texas were the top two destinations for interstate movers, gaining 819,000 and 656,000 net residents respectively. Americans in the northeastern U.S. and the upper Midwest poured into Florida, while Texas was the destination of choice for many people living west of the Mississippi. North Carolina (310,000), South Carolina (248,000), Arizona (218,000), and Tennessee (207,000) ranked third through sixth in net population gain from interstate migration. Each of them is a low-tax state (except South Carolina, which stands in the middle of the pack). Tennessee, like Florida and Texas, is one of the seven states with zero income tax.
No tax, fewer problems...

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