Californians Fleeing To Low-Taxed States Due To High Taxes
This ARTICLE On Californians Fleeing To Low-Taxed States Due To High Taxes Was PUBLISHED On November 7th, 2019
California is the most populous state in the U.S.
- Over 39 million people live in the state of California
- California has the highest home prices in the country
- Average homes in California are priced at $587,500 compared to the national average of $297,000
- This is double the national average
- California also is one of the highest taxed states in the nation
- Due to spending, state politicians keep on raising taxes
- Sales taxes are one of the highest in the nation
- State income taxes are also among the highest in the county
- Recent reports revealed gas prices in California are double the national average
- On a positive note, California wage earners are among the highest wage earners in the nation
- High wages offset the high cost of living
California is one of the nine community property states in the nation. In this article, we will cover and discuss Californians Fleeing To Low-Taxed States Due To High Taxes.
Positives Versus Negatives Living In California
The state of California is one of the most beautiful states in the nation.
- Bordering the Pacific Ocean, there are hundreds of miles of oceanfront
- The weather is perfect in Southern California
- Folks living in Southern California can see snow in the winter months by driving up north a few hours away
- Californians make more money than the average worker nationally
- The state is home to Hollywood
- However, with positives comes negatives
- Like many states, California has its share of problems
- The dry weather attracts California Wildfires
- Earthquakes are common
- Home prices are among the highest in the nation
- Smog is an issue in highly populated cities like Los Angeles
- There seems no end to taxes
- Politicians keep on increasing taxes
- Many Californians Fleeing To Low-Taxed States Due To High Taxes
Taxes seem to be the single biggest reason for Californians Fleeing To Low-Taxed States.
Impact Of Californians Fleeing To Low-Taxed States
The impact of Californians Fleeing To Low-Taxed States has an impact on the economy of the state.
- There are many states such as Florida where the state is raking in billions in revenues by attracting new businesses and taxpayers
- Over 691,000 taxpayers moved out of California last year
- The main reason for individual taxpayers leaving for other states was due to the hefty taxes and high cost of living
- Countless businesses are also fleeing California to other states where they are tax-friendly
- States like Florida, Texas, Kentucky, Tennessee, Mississippi have state departments whose function is recruiting new businesses and taxpayers to their state
- Their key in getting new businesses and taxpayers to their state is by being tax-friendly and offering incentives
Many Californians and other taxpayers of high-taxed states are fed up and moving to tax-friendly states.
Every tax in California is high.
- State sales, income, and property taxes are among the highest in the nation
- Over 691,000 California residents left the state last year to other states with lower taxes and lower cost of living
- Californians Fleeing To Low-Taxed States is not just hearsay
- It is based on facts. Newly released census data documents approximately 691,000 taxpayers moved from California in 2018
- During the same time period, about 501,000 new residents moved to California
According to KNTV, this is the seventh year in a row the state had a net loss of taxpayers.
What States Are California Taxpayers Fleeing To
Government leaders need to run city, county, state government like a business. There are states that are booming and have a flood of new businesses and taxpayers moving into their states. However, other states like California and Illinois are losing countless businesses and individual taxpayers in droves. The number one state California residents are flocking to is Texas. Texas has the second-largest population out of all states. California is the state with the largest population. Texas added more jobs last year than any other state. The state boasts an unemployment rate of 3.0%, which is lower than the national 3.5% average. Arizona comes in second place where California taxpayers are migrating to.
List Of States Californians Are Migrating To
Below is the list of the most popular states California taxpayers are moving to per the U.S. Census Bureau:
Texas: 86,164 people
Arizona: 68,516 people
Washington: 55,467 people
Nevada: 50,707 people
Oregon: 43,058 people
Colorado: 28,288 people
Florida: 26,888 people
New York: 25,255 people
Virginia: 21,210 people
Idaho: 21,018 people
The main reasons for Californians leaving the state are due to high taxes, high home prices, and the high cost of living. Over 50% of individual Californians are leaving the state due to high taxes and high housing costs per a recent UC Berkeley poll. Businesses and companies are leaving the state due to the high taxes and how the state keeps on increasing and creating new taxes.