STUDY: Texas was big winner in interstate migration; NY was last place

August 21, 2013 in Uncategorized by Randy Block  |  No Comments

 

Texas was one of the big winners in the interstate movement of people and their related income in the last decade, according to new data from the Tax Foundation.

 

When a person moves to a new state, his or her income is added to all other incomes in that state. That helps the new state’s total taxable income and hurts the overall income in the state that the person left.

 

Florida benefited the most from this migration, with newcomers bringing a net $67.3 billion of adjusted gross income from 2000 to 2010. Arizona was No. 2 ($17.7 billion) and Texas was No. 3 ($17.6 billion).

New York saw the biggest decline in personal income (-$45.6 billion) from 2000 to 2010 due to migration out of the state, followed by California (-$29.4 billion) and Illinois (-$20.4 billion).

 

http://bizbeatblog.dallasnews.com/2013/08/36427.html/

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