Our friend Dan Clifton at Strategas has crunched the brand new IRS income migration data for 2020 and 2021.
Florida gained a staggering $63 billion in income from migration in two years, a more than 5 percent boost in state personal income. Texas was second biggest state income gainer at $17 billion.
The big losers? California, New York, and Illinois of course. Manhattan alone lost $31 billion in income.
Chasing away high-income residents has also chased away state tax revenue:
People are voting with their feet — and taking their money with them.