One of the most important provisions in the new House GOP tax plan is the disallowance of the business deduction for net interest expense. While this is not the sort of tax provision that most individuals handle on a day...
- Monday Map: Migration of Personal Income
Monday Map: Migration of Personal Income
This week, our Monday Map draws data from our interactive State Migration Calculator, and illustrates the interstate movement of income over the past decade (from 2000 to 2010). When a person moves to a new state, their income is added to the total of all other incomes in that state. This positively affects the total taxable income in his or her new state, and negatively affects the income in the state he or she left.
All maps and other graphics may be published and re-posted with credit to the Tax Foundation.
Florida benefited the most—interstate migrants brought a net $67.3 billion dollars in annual income into the state between 2000 and 2010. The next two highest gainers were Arizona ($17.7 billion) and Texas ($17.6 billion). New York, on the other hand, lost the most income ($-45.6 billion), and is followed by California ($-29.4 billion) and Illinois ($-20.4 billion).
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