Unleash Prosperity will officially unveil its new website Votewithyourfeet.net at 5pm this evening in a DC event with Governor Glenn Youngkin of Virginia.
Here’s one of the many takeaways on the winner and loser states from interstate migration. States with high income taxes are losing people and money to states with no income tax. The total addition to the net income of the no-income tax states over the last decade has been more than $200 billion. No wonder Texas and Florida don’t need an income tax.
Meanwhile the 10 states with the highest income taxes have lost more than $200 billion of income. They are getting poorer.
So why doesn’t every state eliminate their income tax? It’s a clear money loser.