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1 week ago

Billions in taxpayer income are leaving two iconic states — as a new economic map emerges

As Americans continue relocating across state lines, California and New York remain at the center of the nation's migration story.The latest IRS data show the top 10 counties with the largest net losses of taxpayers to other states were all located in California and New York. Compiled from federal tax returns, the figures offer one of the clearest snapshots of where Americans are relocating — and where their income is moving with them. Economists say those migration patterns help explain broader shifts in state economies, tax bases and housing markets as families weigh affordability, taxes and...