Americans are fleeing high tax states for those with more affordable living. The graph below illustrates the exodus from less affordable areas to others.
Migration patterns for 2016 show that Americans moved due in large part to high tax burdens in their home state.
United Van Lines, the nation’s largest moving company, recently released its annual movers study report. The findings show that South Dakota overtook Oregon as the top inbound destination.
More people moved toward the West of the country. States in the Northeast saw the largest exodus of residents. The top four outbound states in 2016 were New Jersey, Illinois, New York, and Connecticut.
Why The Exodus?
The Tax Foundation pointed out in a recent blog post that these results are similar to the organization’s business tax climate index.
“States with less burdensome tax structures and lower rates tend to have better economic growth. Increased job opportunities can result from the better economic growth.”
This indicates that the exodus is due to high tax burdens, at least in part.
What To Do?
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