Posted on 04/23/2018 7:49:16 AM PDT by SeekAndFind
There has been a vast, largely unheralded migration in the U.S. over the past decade. Not because of weather, or amenities. But because of taxes.
Recently, Wallet Hub published a list of states ranked by their tax burden, based on property taxes, income taxes and sales taxes as a share of personal income.
The five states that impose the biggest tax burden on their residents are, in order: New York, Hawaii, Maine, Vermont and Minnesota.
The five states with the lowest tax rates: Alaska, Delaware, Tennessee, Florida and New Hampshire.
Right away there are some obvious similarities between the groups.
None of the 10 highest-tax states has voted for a Republican president in recent elections, for example. On the other hand, only three of the 10 lowest-tax states voted for Hillary Clinton in 2016 — Delaware, Virginia and New Hampshire.
But there's a far more important similarity among high-tax states, and one that should be sounding alarm bells there. They are steadily losing population.
We split the Wallet Hub list in half, and then looked at net migration for all the states from 2007-2016, based on census data. That is, where have people already living in the country moved over those years?
The findings are eye opening.
Between 2007 and 2016, all but three of the 25 highest-tax states lost population. The 5 biggest losers: New York (which lost 1.3 million), California (-928,627), Illinois (-717,445), and New Jersey (-516,326), and Ohio (-346,792).
At the other end of the spectrum, all but five low-tax states gained population. The biggest winners: Texas (1.4 million), Florida (845,239), North Carolina (549,148), South Carolina (361,117), Washington (313,722).
All told, the 25 high-tax states saw a net loss of 4.9 million people to states with lower tax burdens.
(Excerpt) Read more at investors.com ...
Not if you’re a property owner in one of those ‘Low Tax’ States and see your property taxes consistently rise every time you see a NY, NJ, Massachusetts, Connecticut, Ohio, Pennsylvania, Illinois license plate.
Those people are like a plague.
In fact this week all the teachers are walking out despite getting the governor to promise a 20% pay raise.
They are demanding to know where the money is coming from and calling for property tax increases.
It's getting to be time to get out of AZ, I am afraid.
It’s a tax issue. With the ability to work from home, more than ever, it’s easier. Businesses now are relocating all over the South. Look at Greenville, SC. A sleepy little mountain town in Western SC. Becoming a hipster haven. Absolutely disgusting.
As for the, freedom issues, they have all voted for their liberties to be taken away. However, folks from Long Island can sell a 1700sf($10k a year in property taxes) house for $600-700k and pay cash for a $500k house, w/ property taxes about $2000. Their subdivision will have swimming pools, tennis courts, clubhouse and a golf course, perhaps.
I left 22 years ago. Best thing I ever did. I, too, am the ‘only’ Yankee they like, where I settled. Unless you heard me talk, accent is still there, no one would ever think that I grew up on Long Island.
And New Hampshire and it is happening to Florida and Texas and to Idaho even. When we lose Florida and Texas we lose completely.
“Live Free, Unless You’re Paying the Taxes to Support Those Living Free”
Hipsters: so individualistic that you can’t tell them apart
The swarms of people coming into Delaware to suck up the benefits in our formerly balanced state have made us solidly blue since 2000. School taxes , property taxes and income taxes have all increased since we’ve been blessed with the carpetbaggers.
That applies to some, not all. I’d be to the right of most Texans.
True. I graduated from UMASS-Amherst. While most of the Happy Valley longed to live in NYC or SanFran, the guys that I worked with would have been right at home in the North Georgia mountains or anywhere in Texas, outside of Dallas, Houston and Austin.
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