Cumulative Impacts From California Exodus Costs State Nearly $500 Billion, Will Get Worse: Economist
Recent Internal Revenue Service data showing a net loss of more than 425,000 people between 2021 and 2022 indicates California is losing residents to states with lower or no income tax, according to a Chapman University professor. “We are losing more of the high-income earners than the low-income earners, and it’s an increasing proportion of the total loss,” Jim Doti, ...
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