As part of his new tax plan, the president has proposed ending the “step-up” in tax basis for inherited assets, and, furthermore, requiring the capital gains tax to be paid at death rather than when an heir later sells...
- Monday Map: Annual Income Lost/Gained Due to Interstate M...
Monday Map: Annual Income Lost/Gained Due to Interstate Migration
Today's map comes a day late—we've been hard at work getting the data ready. We've updated our interactive State Migration Calculator with the latest IRS data, and it now includes migration in 2008-09. I've used the new data to create a map of interstate movement of income over the past decade. Florida is the big winner—migrants bought a net $70 billion dollars in annual income into the state between 1999 and 2009. New York, on the other hand, lost the most income: $45 billion.
Click on the map to enlarge it. For more migration data, visit our newly updated State Migration Calculator.
View previous Monday maps here.
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