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California Loses Most Tax Revenue in U.S. as Wealthy Move to Tax-Friendly States

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California Loses Most Tax Revenue in U.S. as Wealthy Move to Tax-Friendly States
Internal Revenue Service (IRS) building in Washington on June 28, 2023. Madalina Vasiliu/The Epoch Times
Jill McLaughlin
Updated:
California has lost more than $340 million in yearly tax income as its wealthiest residents moved to lower-tax states, according to a study by national online real estate service MyEListing.

The state ranks first among those with the worst net-negative tax migration, according to the study.

Jill McLaughlin
Jill McLaughlin
Author
Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.
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