The Wall Street Journal featured Wirepoints’ research from “New IRS data reveals which states won and lost the competition for people and their wealth in 2019” in their opinion section this week.
Read the WSJ editorial: “States of Migration”
The Journal says the new 2019 migration data from the IRS continues to illustrate the flight from high- to low-tax states. And it shows high-tax states aren’t just losing more taxpayers— they are losing higher-income taxpayers to low-tax states.
They use the results of Florida, the nation’s perennial people-winner, as an example:
“Taxpayers who moved from high-tax states to Florida had significantly higher AGIs. For instance, Illinois migrants to Florida had an average AGI of $182,000—about twice as much as those who moved from Illinois to other states. The average taxpayer who moved to Florida from the other 49 states had an AGI of $110,000, which is about twice the average household income. By contrast, the average taxpayer who left Florida had an AGI of just $66,000.”
Read more about the new IRS migration data here:
- Illinois third-biggest loser of people, biggest loser of incomes, to other states in 2019
- The average person leaving Illinois makes $92K, while those moving into the state make $71K – Wirepoints on the Scott Slocum Show on WJOL
- New IRS data reveals which states won and lost the competition for people and their wealth in 2019
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
What’s really kinda fascinating is that the supermajority Democrats in Illinois do not care. You’d think they’d at least pretend to care, but not even that-They see this situation as perfectly normal, and are ready to double-down on it to maintain the status quo.
They don’t care because they want you to leave. You have no place in their progressive utopia. They truly do want you gone, one way or the other. Which quite frankly is the best alternative to the things they would do to you if you couldn’t leave. In other countries where communists (now called ‘progressives’) took over, most of the time, there was no escape for the resisting citizenry. There was no escaping communist Russia or China or Laos or North Korea. The non-conforming citizenry were mostly killed and/or sent off to gulags, reeducation camps or just straight up killed.… Read more »
The balkanization of free and prosperous Red States is very real. Standing in line to get my license plate sticker for only$151 (sarcasm) I was talking with a senior citizen and he was beside himself with how much gasoline now costs and grocery prices (He is on a fixed income) , and our city and county roads are in such disrepair they have to lower the speed limit on them. No matter how much money the Democrats tax, they won’t do the very basics of government be it local or at the state level. The old guy said to me… Read more »
There’s a processing fee on top of the $151 for the license plate sticker they don’t tell you about when you buy it. I tried to pay cash, but nope, credit card only, and a $8 or whatever processing fee for the privilege of using a credit card.
The purge as you stated may be closer than you and me realize, middle class Americans have had enough. In Illinois as I see it is a ticking time bomb waiting to go off
We should believe what evidence indicates: this is a desired result by Illinois legislators. Pritzker-esques are granted unique privileged access to oceans of leveraged funding through intimate banking connections. Banking leverage means that a borrower like Pritzker can control billions of asset value with small millions of personal risk. Heads, Pritzker-esque wins, tails taxpayers lose (bailout). As Illinois real estate asset value is cratered (due to political economic polices), these few insiders will have the unique opportunity to buy it all up at closed-door no-bid “auctions” as in 2008. Predictable aftermath: debt obligations of The State are suddenly deemed unreasonable… Read more »
Democrat controlled. Who in their right mind would stay if they could get out of here?
Congrats wp!! For how much longer can the Illinois self-serve-o-crates deny the math??