LOW TAXES EARN FLORIDA NO. 1 RANK IN WEALTH MIGRATION

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Human Events:

A new study by Travis H. Brown called “How Money Walks” explores how people and money migrate from one state to another. And although the exact causes are difficult to nail down, one thing is clear: Americans are moving from high-tax and heavily regulated states to low-tax states with less regulation.

 

That’s according to the data Brown gathered from the Internal Revenue Service Division of Statistics and the U.S. Census Bureau.

 

Since 1992, no other state has benefited more from wealth migration than Florida.

 

An estimated $95.6 billion poured into the state economy, dwarfing Arizona’s next highest gain of $28 billion.

 

Almost half of Florida’s capital influx came by way of New York, New Jersey and Illinois.