Researchers at the Public Policy Institute of California found that residents moving elsewhere because of high housing costs tend to pick states with no income tax.
The more income the departees had, the more likely they were to be headed to states with no income tax.
Newsom denied Tuesday that California is a high-tax state. That’s actually what he said in a conversation with NBC’s Stephanie Ruhle at the Milken Institute Global Conference in Los Angeles. And it’s not just the top 1% who feed the state treasury. The top 20% — whose incomes exceed $119,000 — pay 91% of the state income tax, according to the latest data from 2021.CaliforniaAnd California ranks No. 2 — slightly behind Vermont — in state tax collections per capita at $6,325, according to the Tax Foundation, a Washington research group. That’s hardly middle class tax friendly.according to the PPIC researchers.
“There’s a slightly higher tendency for Republicans and no-party-preference voters to leave the state,” McGhee says.“But taxes and political ideology are probably tertiary factors,” Johnson says. “Housing is primary. Jobs and family are secondary.” California will resume gaining population within 18 months, predicted chief demographer Walter Schwarm. That’s because birth rates and foreign immigration are picking up, he said.
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