A Shift Away From High-Tax States

Americans continue moving to lower-tax states, taking billions in income with them, according to IRS data.

Before you pack up and move, make sure you consider the full financial implications. Dreamstime/TCA

By Kelley R. Taylor From Kiplinger’s Personal Finance

The Internal Revenue Service (IRS) has released new data on how taxpayers are migrating throughout the United States, and it reveals a clear pattern: Billions of dollars in income are flowing out of high-tax states and into areas where taxes, and often overall living costs, are lower.