Texas, Florida gain from blue state exits
Wall Street Journal: Illinois Gov. J.B. Pritzker shrugged last year after several high-profile corporations left his state. “Countless companies are choosing Illinois as their home,” Mr. Pritzker said. Then why does a new Internal Revenue Service report show an accelerating taxpayer exodus from Illinois and other high-tax states? The IRS each spring publishes data on the movement of adjusted gross income (AGI) and taxpayers across state lines from year to year. Some Democratic Governors such as Mr. Pritzker claimed that the 2020 Census undercounted their state populations, but the IRS data shows blue states are losing taxpayers and income at an increasing clip.... ... The IRS data shows a net 105,000 people left Illinois in 2021, taking with them some $10.9 billion in AGI. That’s up from $8.5 billion in 2020 and $6 billion in 2019. New York’s income loss increased to $24.5 billion in 2021 from $19.5 billion in 2020 and $9 billion in 2019. California lost $29.1 billion in 2021, mor...