We’ve spent the weekend analyzing the new IRS tax return data on which states people are leaving and which states they are relocating to. As we mentioned on Friday, the big blue states are getting blown out in the interstate competition. Nine of the 10 states that lost the most money were blue states – starting, of course, with California and New York.

We compared the tax rates of the loser states with the winner states. The weighted average tax rate on the rich in the 10 states that lost most residents is 10%.

The average in the destination states is under 2%. Since these high tax rates are directed at billionaires, that means Daddy Warbucks saves $70 million each and every year by just getting out of high tax blue states.

Naturally, blue states are raising tax rates again this year, as the WSJ editorial page just reported.