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It measures capital flowing from the high tax (CA, NY) to the low tax states (TX, FL, WA).
by petre 9y ago
It measures capital flowing from the high tax (CA, NY) to the low tax states (TX, FL, WA).
- Osiris 9y agoThat may be one factor but certainly only one of many. Look at the mid-west. Kansas is a very low tax state and yet they are seeing capital fleeing the state.
- asveikau 9y agoI clicked on California and it gave me a per-county view, and it seems like a bunch of counties (which pay the same California taxes) are green. I clicked San Francisco county and it seems like it's gaining money from other high tax areas (Santa Clara, New York, Chicago, DC, and Boston, in that order) and it's losing money to other, more suburban Bay Area counties. I don't see any low tax state mentioned in that view. As I click through on other states I'm familiar with or have lived in, the trend I'm seeing is that populated areas are all red. That makes me think about the comment here about retirements or regional income differences. There is some population-based skewing here.