The latest tax migration data from the Internal Revenue Service (IRS) shows that the exodus of taxpayers from high-tax states continued from 2020 to 2021, with California, New York, and Illinois again suffering some of the nation’s biggest losses of people and money.
California’s tax base shrank by nearly $29.1 billion as the Golden State saw a net loss of 332,000 taxpayers and their dependents during a time of widespread lockdowns, stay-at-home orders, and business closures, according to the IRS migration data released Thursday.
