John Phelan at the Center for the American Experiment has done a far better job than I could at revealing the full story behind the IRS data on domestic migration of people and income. Great charts. Did my work for me in terms of seeing the detail by age and income level. What is clear is that Minnesota is losing high earners, due to our high taxes, and it isn’t just retirees that are moving but working age people. Our net loss of people was around 7500 and of income, over $1.5 billion. We lost to Florida, Texas, Arizona and North Carolina and gained from California!! Just what we need, more Californians. We are net losers in income because as you might expect, we disproportionately lost high-income individuals and our overly generous and fraud prone government services attracted very low income people. We lost a lot of young people and lot of people in their prime working ages. These are really bad trends, but easily explainable by our tax and regulatory policies. (JP Post)
