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The Daily

Study: High State Taxes, High Migration from State

Chris Gaetano
Published Date:
Jun 23, 2015
UhaulAn analysis of moving data performed by CNBC has shown that states with the highest per capita tax burdens are also experiencing the highest migration outflows, showing a connection between high state taxes and people leaving the state. To do its analysis, CNBC looked at 10 years of tax data and cross referenced it with information from two large national moving companies, and found that higher-tax states like New York, New Jersey, and Connecticut had more people moving out than coming in. However, CNBC noted that there are two exceptions: Vermont and Alaska, which have the second and third highest per capita taxes, but also are seeing population increases. It also noted that the analysis only tracked people who can afford to hire movers, so it may not be telling the whole story. None the less, it does paint a strong picture of the long-term impact that a high individual tax burden can have on a state.