4 ms·
Except the only demographic of net in-flow _moving to California_ are those in the top 5% or so. https://www.latimes.com/politics/la-pol-sac-skelton-income-tax
by thebradbain 3y ago
Except the only demographic of net in-flow _moving to California_ are those in the top 5% or so.
https://www.latimes.com/politics/la-pol-sac-skelton-income-tax-california-wealthy-20190311-story.html https://www.latimes.com/politics/la-pol-sac-skelton-income-t...
Note: this article is from 2019, which is obviously pre-Covid. I still think it’s too early to predict any trend on post-Covid migrations (which would really be captured and 2022-2023 and 2023-2024, assuming you started planning to leave mid-pandemic 2021-2022)
California had its largest tax surplus in the history of a state ever the 2022 fiscal year.
- Modified3019 3y agoFYI, unless they fix their tax system, they are currently headed towards a (last I checked) 30+ billion dollar deficit this year. They also recently raised taxes on income over (I think) $1 million again last year, and I believe plan to continue to do so. Also for a more up to date perspective on migration and money: https://calmatters.org/commentary/2022/08/california-is-leaking-vital-high-income-taxpayers/ https://calmatters.org/commentary/2022/08/california-is-leak... https://www.sfchronicle.com/sf/article/San-Francisco-migration-17353393.php https://www.sfchronicle.com/sf/article/San-Francisco-migrati... Regardless, this still supports my point that state level healthcare while far more durable than local gov, still can’t compare to national level stability.