Major blue states hemorrhaging tax base as red states reap rewards

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Major blue states hemorrhaging tax base as red states reap rewards
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Residents are fleeing blue states in droves and affecting the adjusted gross incomes of the states they are leaving and moving to, according to recent data released from the IRS.

Some $9.8 billion of Florida's increase came from New York, while $3.9 billion came from Illinois, $3.7 billion from New Jersey and $3.5 billion from California, the data shows.

Texas also benefited from the blue-state exodus, drawing $10.9 billion in 2021 compared to $6.3 billion in 2020 and $4 billion in 2019, according to the figures. Approximately half of Texas' increase was reportedly due to residents fleeing California.also contributed $4.4 billion to Nevada, $2.7 billion to Arizona and $2 billion to Washington state.

California bled $29.1 billion in AGI in 2021, with most of it going to the nearby states of Nevada, Arizona and Washington. California Gov. Gavin Newsom is shown above. Illinois lost much of its income to its neighbors, but Florida, Texas, Indiana and Wisconsin were the biggest beneficiaries.Data has shown that many Americans fled blue cities for red states during the pandemic. The top 15 cities by rate of population growth between July 1, 2020, and July 1, 2021, were concentrated in red states such as Texas, Florida, Arizona, Tennessee and Idaho, according to an Axios analysis of Census Bureau data last year.

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