Pandemic heats up state tax competition to attract businesses and residents – CNBC

“High-tax states are under more pressure now than they’ve been in a long time,” said Jared Walczak, of the Tax Foundation. Last year, the five states with the biggest proportionate outbound migration were California, Connecticut, Illinois, New Jersey and New York; Four of those five states were ranked in the bottom five for business tax climate in 2021. Illinois ranked 36^th.